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I need some advice as to whether the following two offers from a local Volvo dealer are as good as they sound to me. Both are for a 2007 S40 T5 AWD 6-speed manual, metallic paint, audio pkg, climate pkg, premium pkg, 15,000 miles per year, and $1350 up front.
Scenario 1 - 48 month lease, $450/month payment.
Scenario 2 - 36 month lease, $483/month payment.
Are these good offers? Which one is best? Aside from the payment and residual value, what are the differences (pros and cons) of 36 vs 48 month leases?