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2013 and earlier Volvo XC90 Lease Questions

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  • vascovasco Posts: 16
    I am in process of leasing XC90 with the following details:
    09 FWD
    Premium
    Versatility
    Garmin Nav (port installed)
    RSE
    Park Assist
    Bluetooth
    15K
    48 months

    $1035 drive off , $590 including TAX (CA)

    I believe the Cap Value was around $32000 and residual around 12K!

    but on the other hand since it is the end of the month the dealer is having hard time to get the invoice from Port to bill the car hence the deal in June with the new program might be different? :cry: :confuse:
    Anyone know what the program and residuals will be in June. I know they are throwing the 5 year maintanence program including the wipers and breaks (which is huge) but the lease side of it might be quite bad??? Any ideas :confuse:
  • vascovasco Posts: 16
    I actually got even better DEAL TODAY :)

    09 FWD
    Premium
    Versatility
    Garmin Nav (port installed)
    RSE
    Park Assist
    Bluetooth
    15K
    48 months
    CAP$31741
    RES $12162 (%29) :)
    MF: .00207

    $1000 drive of an $560 per month includes TAX including the 5 YEAR MAINTANENCE PLAN that includes the BREAKS and ROTOR and WIPER REPLACEMENT (SICK) I am glad I waited for the June program. :D

    Good Luck
  • s60leasers60leaser Posts: 53
    Hello again CAR_MAN and KYFDX!!!

    I am really glad you are still here!

    (By the way, I did buy my S80 off lease and really love it, very happy with it. Thanks for the advice back then!)

    I am replacing a 2000 Suburban(98K miles!) with a Volvo XC90 with Climate, premium,versatility and AWD. I may lease, finance or buy outright, depending on the best deal. I can use the COSTCO buyers Program (750 under invoice), and then deduct 1500 Volvo Loyalty and 500 Volvo rebate to lower the price further.

    The first numbers I've been given are:
    $40,530 MSRP
    $35,378 purchase or
    36 mo.
    12K
    $15,736 RV -(I was told it was a 37% residual Value but that doesn't foot)
    $2000 down.(Which I won't do)

    What numbers do you have for current VOLVO XC90 leases?What do you think of this deal offer?
    THANK YOU AGAIN- :shades: This is too tricky to do without advice from experts.
  • s60leasers60leaser Posts: 53
    Car_Man and KYFDX-
    Can you help me decipher this? Dealer now says the "Lease Purchase Price" is #31,128 (Cap cost $35,378 less $4,250 Alternative Lease Assistance Program). :confuse:

    All other # are:
    MSRP 40,350
    36 m
    12K miles
    rv =.39 or $15,736
    MF=.00230 or 5.52%
    $567.45/month (which includes$32.12 tax) In addition there is
    $2,000 in upfront fees(plates,reg,dealer process, bank process and first month)

    My question are
    1) Do I save money by leasing THEN buy out the lease after 2-3 months in order to get the Alternative Lease Assistance purchase price. I am confused as to how to calculate that. and
    2) What do you think of the proposed lease deal?

    THANKS THANKS!!!!!! :confuse:
  • mel10021mel10021 Posts: 29
    Car_Man:

    Do you have current #'s for a XC90 3.2, 10k / year ? Im not sure what the programs are now ( 24k, 36, etc).

    Thanks
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi my328i. Volvo Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2009 XC90 V8 AWD with 15,000 miles per year are .00200 and 41%, respectively.

    You may find that you are better off leasing this vehicle through an independent bank and taking advantage of the special $7,000 cash incentive that is available on leases of it through banks other than Volvo Finance.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Welcome back s60leaser. Volvo's current lease program for the XC90 3.2 is pretty bad. If you really want to lease one, you will likely be better off doing so through an independent bank. Volvo is currently providing a special cash incentive of $3,250 on XC90 3.2 5 Passenger and $4,250 on XC90 3.2 7 Passenger models that are leased through any bank other than Volvo Finance.

    If I was in the market for an XC90 right now, I personally would shoot for a selling price of a couple hundred dollars over dealer invoice (you can look that number up right here) minus the available cash incentives.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hi car man can you please provide residual and money factors for 2009 xc90 with US Bank for 15K and 20K over 36 and 48 months.
    Thank you
  • Thanks to the help of this forum, I negotiated the following deal in Aug. 2007:

    2008 Volvo XC90
    -Premium Pkg
    -Climate Pkg
    -Versatility Pkg
    -Metallic Paint
    MSRP $43,350
    Cap Cost $38,226
    Residual $26,443

    24 month lease with 15k miles per year
    $500/month.
    $821.36 total due at signing which was inclusive of SC sales tax of $300

    Well 24 months has come and gone and now it's time to decide if I should buy the car or not. My question is this, can I negotiate with Volvo Finance on the payoff amount ($26443)? So far, they have indicated that they will not negotiate. If not, would I be better off trying to buy a used XC90 from scratch? My wife loves the car, but after reading recent posts, I can't help but feel like I can get a better deal on an 08 XC90 similarly equipped. Oh, and I'm under the miles so that doesn't factor in. Thanks for any thoughts/suggestions!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hey mel10021. Here's the info that you're looking for. Volvo Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2009 XC90 3.2 AWD 7 Passenger with 10,000 miles per year are .00301 and 45%, respectively.

    You probably will be better off leasing this truck through an independent bank and taking advantage of the special $4,250 cash incentive for leases of it through any bank other than Volvo Finance.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi leasecruncher. Unfortunately, I only keep tabs on the lease programs for manufacturers' captive finance companies. I have not seen US Bank's current program for the XC90. Sorry that I could not be of more help.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • volvomaxvolvomax Posts: 5,274
    Buy your car. You aren't gonna get an 08 XC90 with good miles for $26k.
  • mel10021mel10021 Posts: 29
    Thanks. I have a 2008 that comes off in 6 months. Will they ever let me roll out early to move inventory? I was told to try in the fall with about 3 months left??

    Thanks
  • tredvr6tredvr6 Posts: 10
    I'm considering leasing an 09 Volvo XC90 3.2 AWD 7 passenger SUV. I've determined a fair purchase price based on the Edmunds invoice price and available incentives, however, I cannot find any information on the residual values and money factors. I'd like to lease for 42 to 48 months and be allowed 15k miles per year.

    Can anyone help with Volvo's RV's and MF's for July?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi tredvr6. Unfortunately, Volvo appears to have stopped providing lease support on the XC90 this month. This is an unusual move because Volvo almost always has lease support on this model. If you really want to lease an XC90 3.2 AWD 7 passenger right now, you will have to do so through an independent bank. Volvo is currently providing a special $5,000 cash incentive on leases of this truck through banks other than Volvo Finance.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • tredvr6tredvr6 Posts: 10
    Would this $5000 cash incentive be in addition to other available incentives? My research indicates there are the following discounts available

    $3245 price reduction on 7 passenger model
    $500 Volvo Allowance
    $1500 Owner Loyalty (we own an S40)
    $1500 NEA discount (my wife is an NEA member)

    Is it possible that the total discount available on a lease through an independent bank is $11295?!?!
  • sgt1sgt1 Posts: 3
    I'm looking at a similar combination of packages - but I just went thru the Edmunds pricing and clicked on incentives and rebates - I'm not seeing the $3245 discount or the $1500 Volvo loyalty. Is that a regional thing that is based on your zipcode? The only one that showed up for me was the $500 allowance.

    Have you gotten any prices yet from a dealer? If you get a quote for purchase versus lease, I hope you'll post it. I'm at $37000 (not including tax/tag) for AWD, 3.2, with prem,. versatility (so 7 passenger) and climate. I'm thinking that's not as good as it ought to be. Maybe my dealer has not already factored in the Volvo loyalty - I'll ask and let him know I assume he hasn't.

    Thanks.
  • tredvr6tredvr6 Posts: 10
    sgt1, i don't think the $3245 or the $1500 discounts are regional. I found it on the Volvo website. I'm not sure why Edmunds is not showing them....

    http://www.volvocars.com/us/Documents/PDF/Volvo_Loyalty_Offers/09VOL_SummerSales- EventJUL_OnlinePDF_fin2.pdf

    FYI, when determining invoice price on Edmunds you need to add the Premium and Versatility packages and then subtract the $3245. You'll find that the $3245 equals the MSRP on those packages. I believe Volvo is offering the Versatility (7 passenger) option for free due to the introduction of the XC60.

    Hope this helps...
  • sgt1sgt1 Posts: 3
    This does help - thanks, tredvr6!
  • volvomaxvolvomax Posts: 5,274
    The cars were all repriced in April,so that $3245 reflects the new lower MSRP.
    A someone pointed out, the Premium and Versatility packages are now free.
This discussion has been closed.