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Volvo XC60 Lease Questions

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  • s60leasers60leaser Posts: 53
    But USBank offers different lease deals for different models, correct?(which would make sense; different values, perceived or actual, equal different "deals".)
    And is it USBank for the 2.9% finance for purchase as well ?
    Seems like restricting the number of lenders will increase rates for leases and purchases. Doesn't seem like an efficient market, does it?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi Cassie. According to the latest information that I have seen, Volvo Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2011 XC90 T6 AWD with 15,000 miles per year are .00127 and 54%, respectively.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi kmcvickers. According to the latest information that I have seen, Volvo Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2011 XC60 3.2 FWD R Design with 15,000 miles per year are .00124 and 49%, respectively.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Aspen19128, Volvo Finance's current buy rate lease money factor and residual value for a 2011 XC60 3.2 AWD with 12,000 miles per year are .00134 and 54%, respectively.

    Other than the available $1,000 owner loyalty cash, I don't believe that Volvo is currently providing any cash incentives on leases of this truck right now.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Here's the information that you're looking for gman1967.

    According to the latest information that I have seen, Volvo Finance's buy rate lease money factor and residual value for a 36 month lease of a 2011 XC60 3.2 AWD with 15,000 miles per year are .00134 and 53%, respectively.

    The numbers for an otherwise identical 48 month lease are .00161 and 43%.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi s60leaser. The money factor that you were quoted looks about right. As far as this truck's selling price goes, I am not intimately familiar with what the market is like for it right now. If I was in the market for one, I personally would shoot for a selling price of $500 to $1,000 over dealer invoice, but you may be able to get more detailed feedback on how much you should pay over in the Volvo XC60 Prices Paid and Buying Experience discussion.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi s60leaser. Ever since Volvo closed the doors on Volvo Finance, it has been running its official leases through US Bank. While one theoretically could lease a Volvo through any bank that was willing to work with them, they will miss out on any available lease support if they go through anyone other than US Bank.

    Car_man
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  • s60leasers60leaser Posts: 53
    edited March 2011
    Thanks CarMan,
    For some reason your reply didn't generate an email alert and I only now see your response.I hopefully have now corrected/re done that on my Edmunds profile.

    You are absolutely right about $500-$1000 over invoice, before incentives. Despite the fact that Edmunds "True Market Value" has it at $100 under invoice, I haven't encountered that.Ill pop over to the "prices paid" discussion forum for more on that...The incentives I have found may be regional, but again, more on that at "Prices paid".

    I have gathered some more Cap Cost numbers, but the MF of .00109 and RV of 54% are consistent on any 2011 AWD XC60T6 3 years/12K miles I have looked into.BTW, not a 3 year 15K-I changed that. Hope I really WILL be driving less, but in a nicer car! :shades:

    Now I have to find someone with the vehicle I want in stock-Some say they have to order unless I "buy up" adding a metallic paint or BLIS.

    Thanks again for all the input;Ill let you know what number I settle upon.
    It is great to have a "reality checker" ,Thank you.
  • s60leasers60leaser Posts: 53
    Car Man and KYFDX,
    SO are the following consistent across Volvo dealers now as all are using the same bank:
    1.Disposition fee (hopefully zero)
    2.Deposit
    3.GAP coverage included
    4.Closed end lease
    Or am I just wishing that were true? ;)
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    You're very welcome s60leaser.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hey s60leaser. US Bank, that's who Volvo is running its special leases through right now, has a $695 acquisition fee that it charges on all leases. Dealers may try to mark this charge up some, but the base fee should be the same everywhere. I'm not sure about the disposition fee.

    I don't believe that US Bank charges an acquisition fee on any leases.

    Just about all leases nowadays are closed-end and Volvo's are no exception.

    I'm not 100% positive, but I believe that gap insurance is included on Volvo leases at no additional cost.

    Car_man
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  • cpaddencpadden Posts: 1
    Can anyone tell me if they have the current residual values and money factors for a 2011 xc 60 lease. Are there any upcoming deals? Is this a good time to get one?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    I can help you out, cpadden. US Bank's current buy rate lease money factor and residual value for a 36 month lease of a 2011 XC60 3.2 AWD with 15,000 miles per year are .00124 and 50%, respectively for consumers who qualify for its top credit tier.

    This lease program is scheduled to run through June 30th, but Volvo might make some unscheduled changes to it for June. It's difficult to say exactly what automakers will do with their future programs.

    Car_man
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  • mikesd1mikesd1 Posts: 3
    Just picked up my car today....

    Here's what I got.

    MSRP: $46,645 convenience, climate, BLIS, Personal Comm.
    Negotiated Price: $43,347 + $995 acquisition
    MF: .00124
    Residual: 52%
    12,000 miles / 36 months

    This is in San Diego.

    Hope it's good because the car is in my garage already!
  • kyfdxkyfdx Posts: 27,704
    So.. don't make me do the math... ;)

    What's the payment and upfront money?

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  • mikesd1mikesd1 Posts: 3
    edited June 2011
    Payment including tax is $708.
    Upfront was 1499.99 which is first, dmv, taxes, etc.
    My cap reduction was a whopping $140
  • flcar1flcar1 Posts: 1
    Does anyone have current money factor and residual value numbers for volvo leases? I'm looking at a volvo xc60 for 36 months/12,000 miles per year.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Here you go flcar1. Volvo's July buy rate lease money factor and residual value for a 36 month lease of a 2011 XC60 3.2 AWD with 12,000 miles per year are .00110 and 47%, respectively for consumers who qualify for its top credit tier.

    Car_man
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  • jviscomijviscomi Posts: 2
    edited July 2011
    I'm being quoted $549.42/month+taxes for a 48 month, 10,000 mile/year lease. Is this a good deal? Invoice on the vehicle is $35,965, MSRP $37,845. Seems the XC60 is in short supply and there may not be much room to negotiate. Edit: this is in Georgia.
  • hi- want to lease an xc60 2012 3.2 with nav 36 month 10K miles- does anyone know currect money factor and residual (i think its 53%)

    thanks
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