Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!





2013 and earlier Volvo XC90 Lease Questions

1424345474855

Comments

  • volvomaxvolvomax Posts: 5,274
    There is NOTHING that is bringing its resudual value now. Esp not in the SUV market.
    Lease co's are taking it on the chin. Many have stopped leasing all together because of the losses they are taking.
    But, that is why as a consumer you lease.
    You don't have to worry about resale value.
  • Good point!

    Interesting enough Volvo is the only one of the few that still offers attractive leasing. I guess they figured they have nothing to lose.

    I hope the special leases will still be there in 6 to 8 months.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hey sluurrpee. I actually just found out about the Volvo's enhanced stimulate your stimulus (is that a bad tag line or what) cash right after I posted my reply to you. Volvo increased the $1,500 that I mentioned in my previous post slightly to $1,553. Unfortunately, it is not running two cash promotions on this model.

    $500 below dealer invoice minus all of the available cash incentives sounds like an excellent deal to me. I personally doubt that you are going to bee able to do much better than that.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • chefseanchefsean Posts: 2
    Car_man, So, invoice minus the $7553 is a good deal on 09 xc90 3.2? Do Volvo dealers have holdback money? What are the incentives for march on this car? Heard the residuals on 7 seater is much better than 5 seater so its only a few dollars more per mth on lease is this true?
  • Carman,
    we just looked at our 4th volvo and are about to sign a new lease. Can you let me know if you think this deal is good? I'm also wondering if the incentives or givebacks negotiate the price of the vehicle and how this effects the residual.

    thx

    09 xc90
    4 year lease
    12,000 miles
    premium, climate, versatility packages, dvd and bluetooth
    577 per month
    2k down
    $46,370 price of vehicle
    $34, 664 after incentives/give backs
    29% residual
    they will pay the final 3 months of current lease (1700 and excess miles $600)
  • raffiemraffiem Posts: 11
    Carman,

    Is it better for me to buy a 2007 Pre-owned or lease a nicely equipped 09?
    Im looking at one with, Convenience, Versatility, and Climate packages with Rear Seat DVD's? Would like to lease and buy out at the end.

    42,234 is the Invoice Price on carsdirect.

    What do you think a fair price is?
  • nikjreecenikjreece Posts: 11
    I just got a quote from a NJ dealer for a 3.2 XC90 AWD with Climate, Convienance, Premium, Versatlity and RSE. It's black metallic.

    It's a 36 month 15K mi/yr.

    They told me $661 month with $1175 due at signing.
  • That lease numbers sounds like a $50k car and XC90 3.2 is definitely no 50k. I think you can get X5 3.0 well equiped at that range. see this page about leasing XC90:

    http://www.ridewithg.com/index.php/2009/03/09-volvo-xc90-lease-rates-march-2009
  • nikjreecenikjreece Posts: 11
    This is a fully loaded 3.2 AWD. I got every package except for Technology. When I built this car on the Volvo website the MSRP is $48,579. Given that, does that sound about right?

    I went through the Costo program and when I sent that number to 3 other dealerships in NJ one said they couldn't match it or beat it because it was almot $2000 below invoice, 2 said they would only match it because things are slow.
  • crestonavecrestonave Posts: 219
    The 661/mo includes taxes? It still seems high to me for a Volvo. My wife is deciding right now on whether to go for the XC90, a GLK or an Acura MDX. I think the Acura may give the best bang for the buck of all three, but of course the Volvo also includes scheduled maintenance. Tough call. Good luck with whatever you decide.
  • nikjreecenikjreece Posts: 11
    Yes, this includes taxes rolled into the payment. The das is first month, registration and a bank fee.
  • nikjreecenikjreece Posts: 11
    MSRP $46420
    Invoice $44184
    Selling $35659 includes all rebates and discounts
    Residual $$16864
    money factor .0024

    This is based on a lease with US bank top tier credit.
  • raffiemraffiem Posts: 11
    Which Dealer in NJ quoted you this?
  • nikjreecenikjreece Posts: 11
    Garden State and I've got 1 that is willing to match it exactly and 1 that will match it with a 39 month. Although originally they said they would match it exactly but when I went in today to fill out my forms they did a bit of a bait and switch on me!!!! NOT real happy about that so I walked out.

    Also, I see that my money factor i s .0024, but while I was sitting at the desk of the salesperson I saw a sheet on the desk that said the March money factor for 7 passenger, AWD, 3.2 was .00190.

    Am I being cheated here or is this a good deal????

    PLEASE HELP! I need to make a decision by March 31st!
  • crestonavecrestonave Posts: 219
    The difference between the money factors is a full percentage point in annual percentage rate - 4.76 vs 5.76. I would certainly ask the question. Dealers try to make money any way they can, including marking up the loan/lease rates.

    I think we'll go take a look tomorrow or Wednesday. If we do, I'll let you know what the local dealer here on LI quotes me.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi chefsean. Invoice minus $1,553 is an excellent deal on a lease of an '09 XC90 through Volvo Finance. For leases through other banks there is an additional $6,197 cash incentive. Man it's amazing how many thousands of dollars in incentives Volvo is throwing around on its vehicles. Clearly they aren't priced properly.

    The residual values for the 5- and 7-Passenger models appear to be the same right now to me.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi jennycream. I'd be happy to take a look at this deal, but it would be much easier for me to evaluate if I knew what this vehicle's full MSRP is. The MSRP will enable me to calculate a lease payment on it and to see how much of a discount you are being given. You can look it up over in the New Vehicle Pricing section of Edmunds.com.

    A 29% residual value? Ouch.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Which vehicle is a better deal depends upon what the payment would be like on an '07 CPO XC90. I don't personally follow used vehicle lease programs very closely so I don't know what it would be. I can give you an idea of how much it would cost to lease the new XC90 that you are interested in right now. Just let me know what its MSRP and dealer invoice prices are and I'll crunch some numbers for you. Both numbers are needed to calculate a lease payment.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • nikjreecenikjreece Posts: 11
    MSRP $46420
    Invoice $44184
    Selling $35659 includes all rebates and discounts
    Residual $$16864
    money factor .0024

    2009, AWD, Volvo XC 90, 3.2, Black Metallic, Premium, Climate, Convienence, Versatility.

    36 months, 15K mi/yr, $1776 das
  • kyfdxkyfdx Posts: 28,029
    What's the payment?

    $650/mo.?

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • nikjreecenikjreece Posts: 11
    $661.86 X 39 with rear seat, $31 a month less without the RSE

    $675.98 X 36 with the rear seat, $33 less a month without RSE
  • macsrulmacsrul Posts: 3
    Car Man

    Can you tell me the residual on a 2 and 3 year lease through volvo finance? It is a 8 cyl 7 passenger version.

    Thanks!

    Bob
  • nikjreecenikjreece Posts: 11
    Hello Car Man, Are you there? Awaiting a reply. I'm new to this, so I'm not sure how it works.
  • radoncgsradoncgs Posts: 58
    Hi, the dealer is offer $12000 off a MSRP $59792 for a 2008 XC90 Sport (with DVD, Nav and bliss, etc). Is this a good deal? My 2007 XC 90 sport lease is ending in June. Any suggestions what I should do? Should I push for a better deal or should I just extend my current lease for another 6 months( this is a 2 yr lease from Volvo). Thanks.
  • crestonavecrestonave Posts: 219
    Just for kicks I went on the KBB website and I checked the resale value of this car (what they say you should expect to pay if you bought it used from a dealer) with one mile on it, in excellent condition, and the value came back as $43k. Tells you something about the impact of depreciation, huh?
  • radoncgsradoncgs Posts: 58
    A very good point. Thanks.
  • crestonavecrestonave Posts: 219
    Volvo has apparently just announced a price cut on the XC90, of 8% or up to $3250.

    http://www.motorauthority.com/volvo-cuts-xc90-pricing-by-8-for-2009.html
  • radoncgsradoncgs Posts: 58
    Just curious if the Invoice price will drop accordingly and how will this affect the Costco or A-plan price?
  • crestonavecrestonave Posts: 219
    Good question. Wish I knew. Guess I'll find out.
  • volvomaxvolvomax Posts: 5,274
    Volvo is sending the dealer new invoices for the cars.
    The A-plan price will be adjusted accordingly.
This discussion has been closed.