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Volvo XC60 Lease Questions

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  • radoncgsradoncgs Posts: 58
    I assume it is a good time to lease a XC60 then. Thanks Car_man for your help, as always.
  • Well, we've been planning to OSD a '14 late next summer, but I'm tempted by the 'deal' offered by Volvo for leasing a '12. Our '10 has 55K miles and we haven't driven a vehicle out of warranty in the last 5 or 6. I wonder about dropping by the dealer, selling our '10 and working a lease on a '12 with MSRP of ~$51K. The stock of well-equipped '12s is fairly low and we don't want to give up the T6 or goodies we've enjoyed on the '10. The online inventory for our local dealer doesn't give packages or details, just the MSRP and 'model'. I'm thinking the $51K might indicate an R-design. Just might have to drop by but would love to know some ballpark numbers. Thanks.
  • Well, things just got really complicated. DW had a little dust-up with the rear end of a Subaru in 'rush hour' traffic and we are awaiting the results of the evaluation. This was in our '11 C70. SLIGHT chance it will be totaled :cry: , in which case we will need to replace the 'fun' car before considering the XC60 swap. SLIGHT chance there was no significant damage to the mechanicals of the C70, meaning five grand or so and we're on our way. Then, we could get back to the business of possibly selling our '10 XC60 and leasing a '12. :confuse:

    Stay tuned!
  • wawzj619wawzj619 Posts: 31
    Hi Car_man,

    Would you tell me the money factor and residual value for XC60 FWD Premier package with 15K miles per year and 36 mons term? The dealer quoted me for 0.00126 and 50%, is that correct? :confuse:

    Thanks! :)
  • lsr2k12lsr2k12 Posts: 16
    Carman,

    Could you provide the money factor and residual for the following vehicles for 36 months and 15k miles per year?

    2012 and 2013 XC-60 3.2 Premier Plus
    2012 and 2013 XC-60 T-6 Premier Plus
    2012 and 2013 XC-60 T-6 R-design Premier Plus

    Thanks in advance.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi wawzj619. US Bank's current buy rate lease money factor and residual value for a 36-month lease of a 2012 XC60 3.2 Premier FWD with 15,000 miles per year are .00092 and 50%, respectively for consumers who qualify for its top credit tier.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hello lsr2k12. US Bank's current buy rate lease money factor and residual value for a 36-month lease of a 2012 XC60 3.2 Premier Plus AWD with 15,000 miles per year are .00092 and 50%, respectively for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical lease of a 2012 XC60 T6 Premier Plus AWD are .00092 and 51%. The R-Design factor is the same, but that trim level knocks 3% off of the residual value.

    I'll have to ask around to find out what the 2013 version of this vehicle's lease program is currently like. Please check back with me in a day or two and I'll let you know what I was able to find out.

    Car_man
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  • wawzj619wawzj619 Posts: 31
    Thanks Car_man, I ended up purchasing the XC60 last week. Thanks for your help. ;)
  • lbr2013lbr2013 Posts: 5
    Does anyone know the money factor and residual for a Volvo XC60 at 10K Miles 36 months?
    We see a lot for 15K miles, but not 10K. And do the BLIS feature and climate packge affect the residual value?
    Thank you for the help.
  • Am I the only one who didn't know the Summer Sales Event has been extended through the end of August? I figured they might do that and I tracked down a 3.2 Platinum that might work for the next three years.

    For our regular readers, our C70 is put back together except for the bumper cover on back order. Hopefully, it will be back home this week and we can concentrate on the possible new XC60. ;)
  • zzaarrzzaarr Posts: 2
    Car_Man,

    Wow, what a wonderful resource...

    I am trying to decide between a Volvo XC60 T6 AWD Platinum Package (2012 or 2013) and an Audi Q5 2.0 Premium Plus with the MMI NAV (2012, I guess 2013 isn't out yet). The decision is complicated but mostly financial at this point. Both would be a 36month lease 12k/yr. What kind of money factor and residual values for these can I expect?

    Thanks for your help.
  • zzaarrzzaarr Posts: 2
    Actually to alter the above a bit....

    I meant Audi Q5 3.2 Premium Plus with the MMI NAV.

    Thanks
  • lsr2k12lsr2k12 Posts: 16
    edited August 2012
    Car_man,

    Were you able to find out the lease info for the 2013 models?

    Thanks.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    No problem wawzj619. Enjoy your new ride :shades: !

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    I do lbr2013. US Bank's August buy rate lease money factor and residual value for a 36-month lease of a 2012 XC60 3.2 AWD with 10,000 miles per year are .00092 and 54%, respectively for consumers who qualify for its top credit tier.

    Option packages do not affect this vehicle's residual values, but its trim level, i.e. Premier Plus, Platinum, etc... would.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Thanks zzaarr :shades: . Here's the information that you're looking for.

    US Bank's August buy rate lease money factor and residual value for a 36-month lease of a 2012 XC60 T6 AWD Platinum Package with 12,000 miles per year are .00092 and 50%, respectively for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical lease of a 2013 model are .00178 and 53%.

    Volvo is currently waiving the first four payments on leases of the 2012 model.

    The numbers for 36, 12k lease of a 2012 Q5 2.0 Premium Plus are .00131 and 52%, respectively for consumers who qualify for its top credit tier.

    I don't think that the 2013 Q5 is out yet.

    Good luck in your quest for a new SUV. Make sure to let us know how everything turns out.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hey zzaarr. The numbers for a 36 mo. / 12k lease of a 2012 Q5 3.2 Premium Plus are .00094 and 52%.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Yes I was lsr2k12. Thanks for the reminder.

    US Bank's current buy rate lease money factor and residual value for a 36-month lease of a 2013 XC60 3.2 Premier Plus AWD with 15,000 miles per year are .00178 and 53%, respectively for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical lease of a 2012 XC60 T6 Premier Plus AWD are .00178 and 57%. The R-Design factor is the same, but that trim level knocks 2% off of the residual value.

    Car_man
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  • Carman,

    Could you update the above for the month of September if there have been any changes.

    Thanks.
  • Certainly lsr2k12.

    US Bank's current buy rate lease money factor and residual value for a 36-month lease of a 2013 XC60 3.2 Premier Plus AWD with 15,000 miles per year are .00060 and 50%, respectively for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical lease of a 2012 XC60 T6 Premier Plus AWD are .00152 and 54%. The R-Design factor is the same, but that trim level knocks 2% off of the residual value.

    Car_man
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  • What is the money factor and residual on a 2013 xc60 t6 with 10k miles per year for 36 months?
  • iontrapiontrap Posts: 138
    I'm going tomorrow or Friday to look at a 2012 FWD w/premium plus, BLIS, climate and electric silver metallic paint. MSRP with destination is $40,770. If I like it, should I start my offer at Edmunds TMV, $37,358 before subtracting incentives? There are $2,000 ($1,000 of this expires on 10/1/12) in incentives if you currently own a Volvo and the salesman mentioned another $1,000 on 2012 models. So, $34,358?
    I'm considering either a 36 or 48 month lease w/15,000 miles per year.
  • Having just leased our first vehicle after 7 purchases, I have mixed feelings about your deal. IF you got it @ $34K and financed @ 1.5-1.9%, you might find that purchase deal to be better than trying to cover 15K miles a year(Of course, check the residual...you could always buy at the end of the lease BUT would have to deal with the 'disposition' fee). I believe there is $2K in 'dealer cash' that shouldn't be overlooked. Take a good look at the 'down payment' that would be out of pocket and compare the lease to an outright purchase. Even with all the incentives a few weeks ago, Volvo wanted over $5K down PLUS incentives rolled in AND a hefty monthly payment to cover 12K miles per on a three year lease(and that was factoring in the $1800 to be 'paid' by Volvo/US Bank).

    Of course, only you know your tolerance for leasing vs buying and how a zero-down purchase would compare to a 'few' thousand down on a lease.

    Good luck!
  • iontrapiontrap Posts: 138
    So there is an additional $2,000 in dealer cash? :surprise: Thanks for the heads up. Ok, just looked at the incentives on the 2012's, $2,000 is listed until 10/1 also. I'm guessing that the $1,000 mentioned by the salesman is probably coming from this dealer cash.
  • 4mercoachrick4mercoachrick Posts: 133
    edited September 2012
    IF you decide to lease, that 'extra' thousand bucks will disappear in a flash! Probably won't result in a ten dollar reduction in monthly payments. :(

    Remind this dealer that it's the last week of the last month of the quarter...he REALLY wants to make this deal happen before the weekend, I gar-ron-tee ;) . I still think you should consider buying with a zero down, 1.49% loan(or better) IF you are getting the vehicle closer to $34-35K. IF those 'incentives' result in true attendant reductions in payments on the lease, I'll eat my hat.
  • Hi cliffpoz. US Bank's September buy rate lease money factor and residual value for a 36-month lease of a 2013 XC60 T6 with 10,000 miles per year are .00152 and 57%, respectively for consumers who qualify for its top credit tier.

    Car_man
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  • Car Man! If available, please provide the October money factor and residuals for

    1: 2013 XC60 T6 AWD Platinum
    2: 2013 XC60 T6 AWD Premium Plus

    36 month, 10,000 miles/year, top credit tier. Thanks.
  • Hi trentonl. US Bank's October buy rate lease money factor and residual value for a 36-month lease of a 2013 XC60 T6 AWD Platinum with 10,000 miles per year are .00112 and 54%, respectively for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical lease of a T6 Premier Plus are .00112 and 56%.

    Car_man
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  • Hi. I am looking at leasing a 2012 XC 60 (there's some leftover inventory here at dealers in Northern CA).

    Basically either an R or T6 AWD with Platinum package.

    Can anyone shed some light on discounts?

    Also, what are the November money factor and residual rates?

    Thanks.
  • Additional clarification:

    Lease would be 36 months/12k miles per year.

    Thanks!
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