Volvo S60 T5 E-Drive/Inscription/R

Ask the Hackrs
1

Looking for the buy rate/residual for 36 and 39 month with 10K miles on Volvo S60 T5 E-Drive/Inscription/R in VA/MD. Volvo lists $1,750($2,750 Inscription) + $2,900 + $1,000 conquest allowance. Not sure what is the loyalty bonus.

Thanks.

2

2016 Volvo S60 T5 Drive-E and R
36/10K: 51% residual, .00001 MF
39/10K: 48% residual, .00001 MF
$2,900 lease cash
Targeted: $1,000 conquest or $500 loyalty

2016 Volvo S60 Inscription
36/10K: 53% residual, .00010 MF
39/10K: 49% residual, .00010 MF
$0 lease cash
Targeted: $1,000 conquest or $500 loyalty

The $1,750 on the Volvo site is comprised of $750 Volvo Allowance (purchase and finance only, not leases) and $1,000 Loyalty Bonus (purchase and finance incentive).

3

Thanks for the numbers. But actually, below is from Volvo site for a lease sample (and it’s $2,750 Volvo Allowance for Inscription)

No security deposit required. Monthly payment of $339, based on $39,725 MSRP of 2016 S60 T5 Drive-E FWD Premier with Heated Seats, Blind Spot Information and Metallic Paint, includes destination charge and application of $1,750 Volvo Allowance, $2,900 Lease Bonus and $1,000 Conquest Bonus.

4

Here is the deal I got:

2016 VOLVO S60 T5 DRIVE-E INSCRIPTION PREMIER
Onyx Black Metallic/black, Convenience Package, BLIS Package, Heated Front Seats
MSRP: $42,575
Sale Price: $33,300 (w/$6,150 Volvo allowance) — Updated: $32,800 (w/$6,650 Volvo allowance)
Trade in credit: $1,700 — Updated: $1,756
Buy Rate: .0001
Residual: 53%
Updated: $327.91/mo (including $1,400 tax, $995 acq. fee, $599 dealer fee, $127 title/reg) with $350 first month out of pocket

5

Could you possibly brake down what brought the cost down please?

Is the trade in included in that? What comprises the Volvo allowance (my math keeps coming up $500 off)? And, how much is dealer discount?

Thank you!

6

Invoice is $40,577 (including $500 advertising fee), sale price is $1,127 under invoice. Minus $2,750 Volvo Allowance (for Inscription), $2,900 Lease Bonus and $1,000 Conquest Bonus (or $500 Loyalty). The allowance/cash/bonus can differ by area, though. I qualified for Loyalty, but I also qualify for Conquest (Subaru), so will use Conquest to get an extra $500 off of sale price for the total monthly payment of $330. $1,700 trade-in equity included as the cap cost reduction to keep monthly payments lower.
Hope this helps.

7

Yes, that does help. Thank you very much. I am trying to replicate your deal in the calculator so I can try different configurations. I am getting close, but seem to come in too cheap. I will keep trying. Thank you for the fast response.

8

Try different calculators. The one on this site is confusing - it does not let you to roll your sales tax in or roll in all the fees and shows them under “Drive off”. Make sure you calculate your tax correctly - some states charge it on the full sale price (my case). If that’s your case - just select 0% state tax in the “other” calculator and enter the tax amount into “additional fees” field, along with anything else you want to roll in.