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Volvo XC60 Lease Questions

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  • chinna1chinna1 Posts: 1
    2010 xc60 3.2 fwd ice white sandstone leather preium package climate package
    Pcc key 18" wheels

    36 months 15k/year
    $1166 drive off
    (covers 1st month DMV bank fee) I live in ca
    $612/month + tax
    Money factor 00172
    Residual 42%
    residual value $15894.90
    Cap cost (selling price) $33,875

    Does this sound like a good lease? Thank you in advance for your help!
  • Carman,

    Can you provide the current lease rate for a XC60 3.2 with the Premium Package and Climate Package? I am looking for a 36 month 12,000 miles per year deal in Southern Florida. Thanks.
  • Carman,

    I was wondering if you could provide the August lease rates for the 2011 XC-60 T-6 R-design, and 3.2 AWD for 36 months and 60 months with 15k miles per year?

    Also, are they still providing lease support for the above 2010 models.

    Thanks.
  • Carman,
    I can currently looking into leasing a 2010 XC60 T6-R. The dealer has it advertised from 45k to 41k. I am very much a novice when it comes to leasing so please bear with me. What would be a good lease rate for either 36 or 48 months with 12-15k miles annually.
    Everything I've looked at is asking for 4-5k down, but in reading your posts, I see it's not recommended.
    Are there any incentives being offered like the 5k that was in the beginning of the year?
    ANY help or insight you have give would be greatly appreciated!
  • I'd be happy to, sdhlaw1701.

    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 12,000 miles per year are .00164 and 53%, respectively.

    Car_man
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  • Here you go autoboy19.

    US Bank's current buy rate lease money factor and residual value for a 36 month lease of a 2011 XC60 T6 R-Design with 15,000 miles per year are .00157 and 49%, respectively.

    The numbers for an otherwise identical 60 month lease (which I advise against doing) are .00202 and 32%.

    Car_man
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  • Greetings biggee810. Since you are new to leasing, you definitely should check out the following informative articles on the subject that are available here at Edmunds.com: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.

    In short, the easiest way to get a good deal on a leased vehicle is to shop around for the lowest possible selling price and then have the dealer that you decide to go with calculate your vehicle's monthly payment using its buy rate lease money factor.

    US Bank's current buy rate lease money factor and residual value for a 36 month lease of a 2011 XC60 T6 R-Design with 15,000 miles per year are .00157 and 49%, respectively.

    The residual value for a lease with only 12,000 miles per year would be 2% higher.

    I don't believe that Volvo is providing lease support on the 2010 XC60 any longer. It is not currently providing any dealer cash on the 2011 model.

    Car_man
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  • Thanks Carman. Does the residual or money factor change on 36 and 60 months at 15k miles per year on the FWD 3.2?
  • No problem autoboy19.

    US Bank's September 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 .00164 and 61%, respectively.

    The numbers for an otherwise identical 60 month lease, which I advise against doing, are .00202 and 33%.

    Car_man
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  • Car_man,

    Did Volvo's lease rates change from last month?

    If so, do you have the October lease rates for the XC-60 T-6 R-design and XC-60 3.2 AWD R-design for 36 and 60 months with 15k miles per year?

    Thanks again
  • Hey autoboy19.

    US Bank's October buy rate lease money factor and residual value for a 36 month lease of a 2011 XC60 3.2 R-Design with 15,000 miles per year are .00164 and 48%, respectively.

    The numbers for an otherwise identical 60 month lease (which is way too long IMHO) are .00201 and 31%, respectively.

    The 36 and 60 month numbers for the 2011 XC60 T6 R-Design are .00157 / 49% and .00201 / 32%.

    Car_man
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  • hitmenhitmen Posts: 1
    Car_man,
    I am considering leasing an XC60 T6 with 15k miles / yr for 36 months. We can either do it now, or wait till the end of December. I wanted to know (a) how much variability there is in the residual and lease money factors from month to month, and (b) what expectations one could have in terms of how the factors might change approaching the end of the year / holiday season. It sounds like we can't lock in the current factor and residual unless we take delivery, and the "unknown" of waiting is a determinant in our decision making process.

    Thanks in advance for any help!
  • Hi Car Man,

    Just wanted to check the accuracy on that 61% (15k) residual for 2011 XC60 3.2 AWD?

    Thank you!
  • Hi hitmen. It's difficult to say what Volvo's lease program for the XC60 will be like in December. I can tell you that last year, Volvo's December lease program on this model was more attractive than its October program was. If I was in the market for a new vehicle, I personally would lean towards waiting until the end of the year to get it. Great deals can often be had then as dealers and manufacturers look to pump up their annual sales totals. Again though, there's no way to know for certain at this point exactly what Volvo's programs will be several months from now so this is just an educated guess.

    Car_man
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  • Thank you for catching my typo, hypnotics. That should have read 51% for a 36 month, 15,000 mile per year lease of a 2011 XC60 3.2 AWD. Sorry for the confusion.

    Car_man
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  • neozneoz Posts: 5
    Hi There,

    I have a general question about the incentives. About the 3.5K (or 5K) i saw at the beginning of the thread, are they something that happen almost every year or just last year?

    If recurring, I may be waiting for the next time when the lease incentives are around again.

    Thanks a lot!
  • With Volvo's 5 year bumper to bumper warranty that now includes wear items, except tires, what do you say now about a five year lease? Also do you have an update on the $$ and residuals for a 5 year on an XC60 3.2 FWD R series?

    Thanks, Kmack
  • Hi neoz. I don't think that Volvo is offering the alternative lease assistance cash any longer. It seems to run most of its special lease offers through US Bank now.

    Car_man
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  • Hi Kmack. Now that Volvo is offering its Safe + Sound warranty and maintenance plan the idea of a five year lease is not as offensive as it once was. Still, five years is a long time to lease any vehicle for. A lot can happen over the course of five years. One's lifestyle could change causing them to need a larger or smaller vehicle. One's commute could change causing them to go way over or way under their mileage allowance. One could just plain get sick of their vehicle. I personally prefer 36 to 39 month leases.

    Volvo Finance's November buy rate lease money factor and residual value for a 60 month lease of a 2011 XC60 3.2 FWD R with 15,000 miles per year are .00201 and 31%, respectively.

    Car_man
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  • beachlady80beachlady80 Posts: 5
    edited December 2010
    Carman - trying to decide between a Lexus RX350 and the XC60. Could you please give me the residual and money factor for 36 and 48 month lease with 15k miles for the FWD 3.2 base. Thanks so much!
  • I'd be happy to help you out, beachlady80.

    Volvo's December 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 .00164 and 51%, respectively.

    The numbers for an otherwise identical 48 month lease are .00195 and 41%.

    Car_man
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  • omhomh Posts: 1
    Hi Carman,
    Could you please provide the residual and money factor currently for a 2011 T6 Rdesign for 36 months with 15k? I've been quoted $757 with no money down, but not sure if this is a good deal? The packages include: Climate, Convenience, MultiMedia, BLIS, PCC. Any input is appreciated. Thanks in advance for your help!
  • cpl88cpl88 Posts: 2
    Hi Carman,

    Got these numbers for January from a local dealer. Do these look right?

    2011 XC60 T6 AWD:

    36 Months - Money Factor: 0.00127 - Residual: 54%
    48 Months - Money Factor: 0.00161 - Residual: 44%
    60 Months - Money Factor: 0.00201 - Residual: 36%

    Thanks!
  • nygenenygene Posts: 11
    Hi , this thread about the XC60 lease is very helpful, but I am bit confused how to compare the Money Factor and Residual (I am not really sure how the numbers are calcualted??)...since I am going to shop and compare the XC60 against the BMW X3, the VW Tiguan and Toureg, this would be really helpful to use as a comparison point...could you please explain?

    Thanks!!!
  • nygenenygene Posts: 11
    Thanks much, will check out the links!
  • can you provide the numbers for a lease of the 2011 volvo xc60 3.2 fwd for 36 months with 10,000 and 12,000 miles per year? i am in nj. also, any incentives i should be aware of?

    thanks!
    nicole
  • I'd be happy to omh. Volvo Finance's January buy rate lease money factor and residual value for a 36 month lease of a 2011 XC60 T6 R-Design with 15,000 miles per year are .00127 and 51%, respectively.

    It would be easier for me to evaluate the deal that you were quoted if you provided me with this vehicle's MSRP and approximate selling price first. Let us know what these numbers are and I'm sure that either myself or another knowledgeable community member will gladly let you know what they think.

    Car_man
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