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Volvo XC60 Lease Questions

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  • 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: 38,518
    No problem wawzj619. Enjoy your new ride :shades: !

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    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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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    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: 38,518
    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: 38,518
    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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