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Volvo XC60 Lease Questions

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  • Hi,

    I'm working a deal on a XC60 T6 AWD R-design (Prem. Plus, BLIS, Climate) 10K miles 24 mo. - I'm being quoted a money factor of .00101, is that right for the March Volvo programs? This seems high compared to what I've seen for Jan. and Feb. but can't find it quoted anywhere online.

    Thanks for the help!
  • Carman,

    Looking for info on a 2013 XC60 AWD Premier with Climate Package. Was quoted MSRP of $41,160, selling price of $39,637 for a total monthly payment of $577.79, including taxes and fees. This also factored in $500 sign and drive and $500 Loyalty; first month paid waived.
  • Car_man,

    I am not interested in the XC-60. Could you provide the April money factor and residual for the following XC-60 trims at 15k miles per year for 24 and 36 months.

    XC-60 T-6 Premier Plus
    XC-60 T-6 R-design Premier Plus
    XC-60 3.2 AWD Premier Plus

    Thanks.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hello rebol. Volvo Finance's April buy rate lease money factor and residual value for a 36-month lease of a 2013 XC60 T6 Premier Plus with 12,000 miles per year are .00047 and 53% for consumers who qualify for its top credit tier.

    You can find the MSRP and dealer invoice price of the exact model that you want over in the New Vehicle Pricing section of Edmunds.com.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi xc60_polestar. That money factor that you were quoted is a little high. Volvo Finance's April buy rate lease money factor for a 24-month lease of a 2013 XC60 T6 R-Design is .00018. Make sure that the dealer uses that factor to calculate your monthly payment.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi ilikeleasing60. "I am not interested in the XC-60." You're not? Then why are you asking about it :P .

    Volvo Finance's April buy rate lease money factor and residual value for a 24-month lease of a 2013 XC60 T6 Premier Plus with 15,000 miles per year are .00018 and 64% for consumers who qualify for its top credit tier. The numbers for an otherwise identical 36-month lease are .00047 and 51%.

    The numbers for the T6 R-Design Premier Plus are .00018 / 62% and .00047 / 49%.

    The numbers for the T6 3.2 AWD Premier Plus are .00120 / 65% and .00120 / 53%.

    When negotiating your deal on this truck, make sure to take advantage of the $1,500 dealer cash that is currently available on it.

    Car_man
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  • jfd3jfd3 Posts: 6
    I am looking to lease a XC60 I just got off the phone with the salesperson I think I can better my deal but I need advice as when I pointed out he was quoting me on a MSRP and he had room - he told me to make an offer based on $$ down and monthly payment.

    I want a black stone xc60 T6 Premium with climate and a tailgate package (backup camera and auto tailgate). 12k miles/year

    ALL in tag title tax and $3600 down was $400/month. I think the MSRP on this car is around $42k. Which means I should be able to get it for $39k which even with the residual just increasing 2 points this month still gives me $40/month to play with.

    I want to put $2600 and pay $400 month. Do you think this is attainable? If so I would welcome a recommendation re: strategy.
  • Considering a XC60 3.2T Platinum--dealer has told me that on a 24-mo. lease with 12k/mi per year they can offer a 64% residual with a money factor of .00071. That money factor seems a tad high to me based on the March/April numbers. Can anyone shed some light on this? Also, are there any drive-off/first month lease payment promotions that Volvo Financial Services is currently running?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi ljcdclakerfan. The money factor that you were quoted is indeed high. Volvo Finance's May buy rate lease money factor for a 24-month lease of this car is only .00001.

    Volvo is currently offering a $500 cash incentive for loyal customers and select owners of competitive models on leases of the 2013 XC60.

    Car_man
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  • golexagolexa Posts: 2
    Hi all I'm looking a 24 month / 10k miles per year lease on a 2013 Volvo XC 60 T6 Premier Plus AWD with Climate Pkg, Tailgate Pkg, and BLS.

    I was quoted a MSRP of $44,445 with a discounted selling price of: $41,095 and $1,000 rebate making the final price $40,095 (excluding taxes + fees). The lease is $455.47/ month.

    Does anyone know Volvo Finance's May buy rate lease money factor for a 24-month lease on this car?
  • golexagolexa Posts: 2
    Forgot one important detail, it's $455.47/mo with $2,500 down
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi golexa. Volvo Finance's May buy rate lease money factor and residual value for a 24-month lease of a 2013 XC60 T6 Premier Plus AWD with 10,000 miles per year are .00001 and 65% for consumers who qualify for its top credit tier.

    Car_man
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  • Could you provide the money factor and residual for the XC-60 3.2 Premier Plus at 12,000 and 15,000 miles per year for 39 month lease?
  • kal_makal_ma Posts: 1
    Hi,
    I am looking to lease a XC60 T6 Premier AWD w/ climate (integrated booster seat in back) and BLIS. I want to do a 24 mo lease. I am looking for the MF/RV for 12K and 15K mile per year.

    Can you give me the May numbers and the June ones if they are out?

    Any word on what incentives will be offered in June/July?
  • Hi Car_man,

    I am interested in a 36 months lease with 10K/Y and $0 down for the following XC60:
    - 3.2 Premier Plus
    - Tech Package
    - Tailgate Package
    - AWD
    - BLIS
    - Remote Start
    - Ice White Exterior
    - Sandstone Beige Leather Interior

    I reside in the NY area and i am currently shopping around.
    What would be a reasonable MF/RV/Cap for June?
    Would it make any sense to go for the T6? I don't need the large engine but it may make financial sense.
    Many thanks in advance.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi kal_ma. Volvo Finance's June buy rate lease money factor and residual value for a 24-month lease of a 2013 XC60 T6 AWD with 15,000 miles per year are .00001 and 65% for consumers who qualify for its top credit tier.

    I believe that Volvo Finance's low mileage adder for 12,000 mile per year leases is 2%, but I'm checking on that.

    The only cash incentives that I am aware of on leases of the '13 XC60 are $500 owner loyalty and $500 conquest cash for current owners of competitive models.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi tiflorinsky. Volvo Finance's June 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 .00033 and 48% for consumers who qualify for its top credit tier.

    I believe that the low mileage adder for 10,000 mile per year leases is 3%, but I'm checking on that.

    The residual values for the T6 models are a little better than they are for the 3.2, but not enough to make up for the price difference.

    I'm not intimately familiar with what the market is like for the XC60 right now, but if I was in the market for one I personally would shoot for a selling price of around $500 over invoice minus the available $500 loyalty / conquest cash if you're eligible for it.

    Car_man
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  • sgtzhsgtzh Posts: 1
    Hi Car_man,

    I'm looking to lease a 2013 XC60 T6 Premier Plus, 24 month or 36 month, 12k miles per year. The quote I got was 0.00130 for both 24mo and 36mo, and 67% for 24 month and 57% for 36 month. I think the money factor is very high.

    Could you tell us the July buy rate lease money factor and residual value? Thanks.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Your intuition is correct sgtzh. That money factor is way out of whack for Volvo Finance if your credit is in good shape, but the residual value seem high as well. Perhaps the dealer is running your lease through a different bank.

    Volvo Finance's current buy rate lease money factor and residual value for a 24-month lease of a 2013 XC60 T6 Premier Plus with 12,000 miles per year are .00005 and 64%.

    The numbers for an otherwise identical 36-month lease are .00070 and 53%.

    Volvo is providing $1,000 dealer cash on the 2013 XC60 right now. Make sure to take it into account during your negotiations.

    Car_man
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  • Hi Car_man,

    Could you please post the current money factor and residual for a 2013 XC60 FWD Premiere model for 24 month lease @ 10k miles/year?

    Additionally, anyone have any experience with the Costco Volvo promotion or know what "dealer pricing" means?

    Thank you!
  • Hi Car-man,

    Could I adjust my post to request the MF and residual for a 2013 XC60 AWD T6 Prem Plus 24 month lease wtih 10k miles? The T6 seems to be the better deal in July with the current incentives. I have seen MF quoted at .00035 and .0007 but I think these are high compared with what you had written above. With the Costco and loyalty cash I am eligible for plus $1k marketing towards the T6, what should I aim for considering all discounts as a percentage off of MSRP or as related to invoice?

    Costco's offer is to give employee pricing minus $750 but I dont know what employee pricing really means - is it just simply invoice?

    Thanks much!!
  • wrigleyragswrigleyrags Posts: 6
    edited September 2013
    Just got some numbers from my local Volvo dealership (SoCal):

    2014 XC-60 T-6 Premier Plus
    24-month 15k mi res 63% .00053 mf
    36-month 15k mi res 54% .00075 mf
  • Could you please post lease figures for 2014 XC60, highest credit tier:

    36 or 39 month lease numbers (whatever is better), 12K miles on the following vehicles:

    XC60 3.2 AWD Premier
    XC60 3.2 AWD Premier Plus
    XC60 T-6 AWD Premier
    XC60 T-6 AWD Premier Plus

    Thanks.
  • kyfdxkyfdx Posts: 28,578
    XC60 3.2 AWD Premier 36 mo, 12K/yr lease
    XC60 3.2 AWD Premier Plus
    .00083 MF and 54% residual

    XC60 T-6 AWD Premier
    XC60 T-6 AWD Premier Plus
    .00035 MF and 56% residual

    regards,
    kyfdx

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • dkgsxdkgsx Posts: 8
    What are current lease rates for a 3-year lease, low mileage (I drive 8k miles per year)

    Thanks
  • kyfdxkyfdx Posts: 28,578
    2014 XC60 T6 R-Design Platinum 36mo, 10K/yr lease
    .00035 MF and 54% residual

    regards,
    kyfdx

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • Hi,

    2014 XC60 3.2 FWD Platinum or Premium Plus

    Do you have the current MF and RV for a 3-year lease, 15k mi per year?
  • kyfdxkyfdx Posts: 28,578
    2014 XC60 3.2 FWD Platinum 36mo, 15K/yr lease
    .00025 MF and 47% residual...

    Premier Plus residual is 48%

    regards,
    kyfdx

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • I spoke with my local dealer and he told me that residuals are better on the T6's... but it is like pulling teeth getting the actual numbers. Pricing for the T6 Premier Plus I'm looking at is right on target with Edmunds pricing... just need to know the specific lease rate info to make sure everything is kosher before I sign.

    Do you have MF and Residual numbers on the following:

    XC60 T-6 AWD Premier Plus
    36mo 15k/year

    Thank you!
  • kyfdxkyfdx Posts: 28,578
    2014 XC60 T-6 AWD Premier Plus
    36mo 15k/year

    .00025 MF and 54% residual

    Your dealer is correct... that trim line has the best residuals of the XC60 model.

    regards,
    kyfdx

    MODERATOR
    Prices Paid, Lease Questions, SUVs

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