Volvo numbers have arrived. This is typically when I get them. I know it’s ideal, but like I always say, you should be shopping months ahead and be able to pull off a deal at any given time. Don’t shop last minute because you will typically get burned.
Wife wants me to eye the S60. If we can pull of a deal under $400 a month. This may be the ride we get next. We will see! Lots of options and I got until year end. I will report my findings once I get rolling with some quotes.
Cheers!
As you are all well aware of, national lease promotions are used to reel you into the dealerships. However, the law has made it pretty clear that they need to disclose enough information in order for us to get a hint of what we should expect to pay. Last night, when I completed the Game Changer, I began testing it on different brands to see how accurate it was. I found that Honda and Acura discloses enough information in the fine print to get a VERY accurate residual and money factor calculator. Honda/Acura doesn’t seem to care when it comes to blurring the fine print. However, I found that BMW, Audi, Infiniti, Lexus, Toyota and Mercedes-Benz were not exactly very “upfront” with their disclosures. Toyota and Lexus are BAD! They won’t even provide the purchase option price or estimates of total payments. It’s like they pick those payment numbers out of thin air.
The good news is that I have been able to get a pretty good feel for how BMW discloses their info and how we can use it to calculate the Residual and Money Factor.
Lets take a look at the key information for the October promotion of the 2014 428i:
Monthly Lease payments of $439.00 for 36 months based on MSRP of $43,625.00
Purchase option at lease end for $27,484.00 excludes taxes
blah, blah, blah…in excess of 30,000 miles
So what do we know about this deal?
Just as a reminder, we already know what the lease rates are on the 428i for October 2013: 60% at 36mo/15k, or 63% at 10k, 0.00125 base rate. It is posted on the BMW Lease Rates page.
The only key missing information here is the Net Cap Cost. We know the Cap Reduction (down payment) is $3914. We also know BMW will cover $500 of that in Loyalty Cash. That means to get to the $439 payment, we need about $3414 in cap reduction. We also know that there is absolutely no significant dealer contribution mentioned, so it’s safe to assume it’s either nil or nothing to write home about.
After looking into this further, there seems to be some dealer contribution that is minimal, but significant enough to skew the numbers a bit.
Per @knight427 observation. We are proceeding with the assumption that you pay for the 1st month payment upfront. $2750 down is used as cap reduction in addition to the $500 loyalty cash.
You then get a cap reduction of $3250 off MSRP, putting you at $40375 NCC. Using the Game Changer, we get a MF of .00119. So how does that compare to the actual .00125 when it comes to payments? Using the RWG Lease Calculator, I get a $443 monthly payment using the .00125. On the flip side, if we use the .00119 rate, we get $439. A 4 dollar difference per month. Pretty close estimate.
I still feel this is a game-changer for us because it really gives us a realistic ballpark figure for what the MF & Residual should be.
Thanks again @knight427 for your wonderful insight. It really helps to have members participate in discussions like this!
We are getting close folks! Thoughts? Comments? Share it!
HELLO RWG FANS!
Looks like finding Residual Values and Money Factors just got a little easier! Introducing RWG’s own Lease Residual & Money Factor Calculator!!!
Yup, now you can find out the residual value and money factor of any nationally advertised lease promotion. You can also dig it out of a dealer without having to ask for them. Just make sure you key in the required fields and the RV & MF will automagically appear! Then, of course, you will share that information with the rest of the RWG community because I work my butt off arming you guys with the tools to make the deal. 🙂
…because late is still better than never…
Once again, Rman has delivered! For the S60, XC-60, XC-90 and C70, the below rates apply to residents of CA, CT, FL, MI, NJ, NY, RI. For all other states, the money factors will be slightly higher, but will also get an additional $500 to $1,000 depending on model.
For all other Volvo Models (C30, S80, XC-70) the program is national.
Volvo is currently waiving the first three payments on any 2013 Volvo lease or finance (You will get a credit of $1,350 added to your account)
$1000 Volvo Allowance or Dealer Cash on Volvo S60 T-5, C70, XC-60, XC-90
$1500 Volvo Allowance or Dealer Cash on S60 T-5 AWD
$2000 Volvo Allowance or Dealer Cash on S60 T-6
$3000 Volvo Allowance or Dealer Cash on S80
$500 Owner Loyalty on all Volvos
$500 conquest on S60 and XC-60
Support my site by getting your “no obligation” quotes from:
2013 C30 T-5 Premier Plus
24-month | 15k miles | residual 62% | .00083 base money factor
36-month | 15k miles | residual 51% | .00097 base money factor
2013 C30 T-5 R-Design Premier Plus
24-month | 15k miles | residual 60% | .00083 base money factor
36-month | 15k miles | residual 49% | .00097 base money factor
2013 C70 T-5 Premier Plus
24-month | 15k miles | residual 56% | .00001 base money factor
36-month | 15k miles | residual 48% | .00030 base money factor
2013 S60 T-5 Premier
24-month | 15k miles | residual 64%| .00040 base money factor
36-month | 15k miles | residual 51%| .00046 base money factor
2013 S60 T-5 AWD Premier
24-month | 15k miles | residual 63%| .00001 base money factor
36-month | 15k miles | residual 52%| .000023 base money factor
2013 S60 T-5 Premier Plus
24-month | 15k miles | residual 63%| .00001 base money factor
36-month | 15k miles | residual 51% | .00002 base money factor
2013 S60 T-5 AWD Premier Plus
24-month | 15k miles | residual 64%| .00001 base money factor
36-month | 15k miles | residual 52% | .00002 base money factor
2013 S60 T-6 Premier Plus
24-month | 15k miles | residual 61%| .00001 base money factor
36-month | 15k miles | residual 49% | .00007 base money factor
2013 S60 T-6 R-design Premier Plus
24-month | 15k miles | residual 57%| .00001 base money factor
36-month | 15k miles | residual 48% | .00007 base money factor
2013 S80 3.2 Premier Plus
24-month | 15k miles | residual 50%| .00036 base money factor
36-month | 15k miles | residual 43% | .00064 base money factor
2013 S80 T-6 Premier Plus
24-month | 15k miles | residual 56%| .00077 base money factor
36-month | 15k miles | residual 47%| .00093 base money factor
2013 XC-60 T-6 R-design Premier Plus
24-month | 15k miles | residual 58%| .00056 base money factor
36-month | 15k miles | residual 49%| .00077 base money factor
2013 XC-60 T-6 Premier Plus
24-month | 15k miles | residual 63%| .00067 base money factor
36-month | 15k miles | residual 50% | .00085 base money factor
2013 XC-60 3.2 AWD Premier Plus
24-month | 15k miles | residual 54%| .00005 base money factor
36-month | 15k miles | residual 44% | .00027 base money factor
2013 XC-60 3.2 FWD Premier Plus
24-month | 15k miles | residual 53%| .00012 base money factor
36-month | 15k miles | residual 43% | .00045 base money factor
2013 XC-70 3.2 AWD Premier Plus
24-month | 15k miles | residual 63%| .00077 base money factor
36-month | 15k miles | residual 52% | .00093 base money factor
2013 XC-70 T-6 Premier Plus
24-month | 15k miles | residual 65%| .00077 base money factor
36-month | 15k miles | residual 55% | .00093 base money factor
2013 XC-90 3.2 AWD Premier Plus
24-month | 15k miles | residual 61%| .00031 base money factor
36-month | 15k miles | residual 51% | .00075 base money factor
2013 XC-90 3.2 FWD Premier Plus
24-month | 15k miles | residual 58%| .00007 base money factor
36-month | 15k miles | residual 47% | .00035 base money factor
2013 XC-90 3.2 AWD R-Design Premier Plus
24-month | 15k miles | residual 60%| .00031 base money factor
36-month | 15k miles | residual 50% | .00075 base money factor
2013 XC-90 3.2 FWD R-Design Premium Plus
24-month | 15k miles | residual 57%| .00007 base money factor
36-month | 15k miles | residual 47% | .00035 base money factor
2014 S60 T-5 Premier
24-month | 15k miles | residual 67%| .00046 base money factor
36-month | 15k miles | residual 57%| .00073 base money factor
2014 S60 T-5 AWD Premier
24-month | 15k miles | residual 67%| .00022 base money factor
36-month | 15k miles | residual 56%| .00055 base money factor
2014 S60 T-5 Premier Plus
24-month | 15k miles | residual 66%| .00046 base money factor
36-month | 15k miles | residual 56% | .00073 base money factor
2014 S60 T-5 AWD Premier Plus
24-month | 15k miles | residual 66%| .00022 base money factor
36-month | 15k miles | residual 56% | .00055 base money factor
2014 S60 T-6 Premier Plus
24-month | 15k miles | residual 65%| .00082 base money factor
36-month | 15k miles | residual 56% | .00096 base money factor
2014 S60 T-6 R-design Premier Plus
24-month | 15k miles | residual 63%| .00082 base money factor
36-month | 15k miles | residual 54% | .00096 base money factor
2014 S80 3.2 Premier Plus
24-month | 15k miles | residual 55%| .00088 base money factor
36-month | 15k miles | residual 46% | .00101 base money factor
2014 S80 T-6 Premier Plus
24-month | 15k miles | residual 59%| .00130 base money factor
36-month | 15k miles | residual 49%| .00130 base money factor
2014 XC-60 T-6 R-design Premier Plus
24-month | 15k miles | residual 61%| .00053 base money factor
36-month | 15k miles | residual 52%| .00075 base money factor
2014 XC-60 T-6 Premier Plus
24-month | 15k miles | residual 63%| .00053 base money factor
36-month | 15k miles | residual 54% | .00075 base money factor
2014 XC-60 3.2 AWD Premier Plus
24-month | 15k miles | residual 60%| .00130 base money factor
36-month | 15k miles | residual 52% | .00130 base money factor
2014 XC-60 3.2 FWD Premier Plus
24-month | 15k miles | residual 57%| .00130 base money factor
36-month | 15k miles | residual 49% | .00130 base money factor
2014 XC-70 3.2 AWD Premier Plus
24-month | 15k miles | residual 65%| .00130 base money factor
36-month | 15k miles | residual 56% | .00130 base money factor
2014 XC-70 T-6 Premier Plus
24-month | 15k miles | residual 67%| .00130 base money factor
36-month | 15k miles | residual 57% | .00130 base money factor
2014 XC-90 3.2 AWD Premier Plus
24-month | 15k miles | residual 64%| .00080 base money factor
36-month | 15k miles | residual 53% | .00090 base money factor
2014 XC-90 3.2 FWD Premier Plus
24-month | 15k miles | residual 61%| .00014 base money factor
36-month | 15k miles | residual 50% | .00085 base money factor
2014 XC-90 3.2 AWD R-Design Premier Plus
24-month | 15k miles | residual 64%| .00080 base money factor
36-month | 15k miles | residual 53% | .00090 base money factor
2014 XC-90 3.2 FWD R-Design Premium Plus
24-month | 15k miles | residual 61%| .00014 base money factor
36-month | 15k miles | residual 50% | .00085 base money factor
Hello everyone! Please note the following:
Below is another question I have for everyone:
Does RWG need a mobile app and would you pay for one?
Total Voters: 405
Loading ...Android or iPhone?
Total Voters: 297
Loading ...
Hello everyone! Please note the following:
Below is another question I have for everyone:
Does RWG need a mobile app and would you pay for one?
Total Voters: 405
Loading ...Android or iPhone?
Total Voters: 297
Loading ...
Hello everyone! Please note the following:
Below is another question I have for everyone:
Does RWG need a mobile app and would you pay for one?
Total Voters: 405
Loading ...Android or iPhone?
Total Voters: 297
Loading ...
LEASE RATES HAVE BEEN REMOVED. LEASE RATE POSTING HAS BEEN SUSPENDED INDEFINITELY.
Hello everyone! Please note the following:
Below is another question I have for everyone:
Does RWG need a mobile app and would you pay for one?
Total Voters: 405
Loading ...Android or iPhone?
Total Voters: 297
Loading ...
LEASE RATES HAVE BEEN REMOVED. LEASE RATE POSTING HAS BEEN SUSPENDED INDEFINITELY.