Volvo XC70 Lease Questions

meteop34 · October 2009

I am leasing a 2007 XC70 and the lease is up in about 9 months. I now need to replace all 4 tires and have heard a lot of great reviews from XC70 owners on Nokian tires. All of these owners have upgraded the size from OEM 215/65/16 to 235/60/16.

Should I worry about paying a penalty when I return the car if the tire size is different from OEM?

CarMan@Edmunds · October 2009

Hi meteop34. It wouldn't hurt to check with the bank that you are leasing through to make certain, but generally speaking most banks don't care of a vehicle has different tires on it than the ones that it originally came with...as long as all four new tires match.

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jaa37jaa37 · December 2009

My parents have a 2007 XC70, and they're finishing a 30-month lease in Feb. The residual is $21,500. The car is in very good shape, and while I don't know the exact mileage right now, I'm certain it's under 20,000. Any idea whether I can expect the dealer to offer me a better deal on the residual? I read that dealer auction prices are pretty low right now.

meshugy · December 2009

I'm in the exact same situation....finishing a lease on a low mile 2007 XC70. I spoke with the bank (Wells Fargo) several times and they will not lower the residual (mine is $18,000). The car will easily sell for $22K or more so they have no incentive to make deals.

vancouver83 · December 2009

I just bought mine for $18,700 and tried to get the bank to go lower but they would not. Mine also only had 26,000 miles on it and I found nothing out there (including the new XC70) that was any better at that price. I also like the car and have a big dog that won't fit in most other stationwagons.

I think you can probably sell the car for around $22,000 (my refinance bank said it was worth) so $21,500 might be pushing it. If they need a wagon, I would look at Subaru Outback (to buy) or Passat if they just want to lease. At 21,500, their monthly payments wont be that different and they wont need to fix up the 3 year old car.

jaa37jaa37 · December 2009

Thanks for the responses. Sounds like the $21,500 is a pretty decent price. If they decide not to keep it, it will probably be because they've decided to get a hybrid -- they don't *need* a wagon anymore, but I think they like the flexibility of having all that space when they want it.
I suppose there's no harm in trying to negotiate a better price...

stevensteven · December 2009

I am looking for info on what the percentage residual is on 24, 36, 48 month lease.

noa7 · January 2010

just starting the process. xc70 w/ premium, convenience, climate, pcc + blis. msrp is $48,500. cap cost is $40, 500. (that's with the $6000. allowance). 48 mo lease, 10, 000 miles - $3000. down and the payments are $587. is this deal good or bad? where do i go from here? do i push to get the cap cost lower? i don't mind putting some money down, but i'd like lower payments.

vancouver83 · January 2010

Hi Noa7,

Of course everyone has to choose the deal that works for them. However, in my opinion, that is a terrible deal (see leasing info on edmunds.com as a backgrounder as well). I am the proud owner of a 2007 XC 70 (premium, Xenon) which I originally leased and then opted to buy. I also LOVE Volvos.

However, I am unlikely to lease another XC 70. Volvo and their lending partner USA bank do not offer good interest (money factor) rates and frankly speaking, the new XC 70 is not worth the asking price when you compare it to other cars out there (BMW, Audi, VW, and Subaru).

If you really have your heart set on this car, it seems that buying it will cost you about the same. Also, never put a lot of money down on a lease (see edmunds for reason). If you are a Costco member, you should get another $1000 off the price. See edmunds true value for a good price but I wouldn't pay more that the low 30's for a new XC 70, Volvo is way over charging. If they dont come down, then simply look at some of the other wagons out there. Although it doesnt have the name, the Subaru Outback (V6), is a great alternative if you need a big wagon.

Anyway, this is just my opinion, but I wanted to help you out with my thought, hope it helps.

lucy81 · September 2010

The lease (thru US Bank) on my 2007 XC70 expires on 10/31/10. Car is "clean" except tires should probably be replaced within the next 3-6 months. 34,500 miles. Option to purchase vehicle is $15,203 + tax. Interest rate to purchase car thru US Bank is 5.1% (3.66% thru my own bank). Understand I can also purchase the car thru the dealership (Volvo Oak Park IL) and get an extended warranty, etc. but I don't have those numbers yet.

Have leased all of my cars over the last 20+years. This is the first time I'm considering exercising the buy option and keeping it. Also wondering if I should buy it and then trade it in on something else... Or just return it ($395 return fee) and lease again....

Goal is to keep my monthly payment as low as possible....Have been paying $453/month (48 mo lease) and would like to lower that amount.

Any advice would be greatly appreciated....venturing into unknown territory here and it's all pretty overwhelming. THanks.

vancouver83 · September 2010

Lucy81 -

We purchased our 2007 XC 70 at the end of our lease and are extremely happy with the decision. We chose to do the financing through with our own bank. If you are comfortable with the car (feel its reliable), then there is no better car you can get for $15,000. That was our logic. Anyway, I love the 2007 XC70 model. The 2008 body style does not appeal to me (not as nimble). Its solid and rugged but still drives well.

We did it after 3 years and still are under warranty until December (4th year). We also changed the tires - heavy car = more tire wear and tear and had the car detailed. Our baby looks brand new. There is nothing better out there for a comparable car with that 15,000 price.

Enjoy it

theta1 · November 2010

I hope you decided to buy it!

I've been looking for a used xc70 for a few months....dealers, ebay, craigslist. A 2007 xc70 with under 40k miles is worth above 20k. I just bought one from a private party for under 20 but it was hard to find this one and it took me months.

Let us know what you decided.

PS: also, the reliability of the 07 xc70 is very good compared to audi, bmw, subaru etc according to actual repair data reported by users via TrueDelta

fawltytowers44 · February 2011

Does anyone know if the entire driver seat can be repositioned further rearward by the dealer or a mechanic? I cannot get enough leg room in the car when the seat is at it highest point and all the way back. Your help could persuade me to lease one. Alternately; can the XC90 seat be grafted into the XC70 by a mechanic without creating a safety hazard?

rundy · April 2011

What is Volvo's current buy rate lease money factor and residual value for a 36 month lease of a 2010 XC70 3.2 AWD with 15,000 miles per year?

We're looking at an XC 70 with a MSRP of $44k and a sales price of $35,669.

CarMan@Edmunds · May 2011

Rundy, through May 2nd, US Bank's buy rate lease money factor and residual value for a 36 month lease of a 2011 XC70 3.2 AWD with 15,000 miles per year are .00097 and 50%, respectively.

Volvo isn't providing lease support on the 2010 XC70 any longer.

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autoboy19 · December 2011

Do you have the the following December money factors and residuals:

T-6 Premier Plus for 36 and 48 months 15k per year

3.2 AWD Premier Plus for 36 and 48 months 15k per year

Thanks

CarMan@Edmunds · December 2011

Hey autoboy19. According to the latest information that I have seen, US Bank's current buy rate lease money factor and residual value for a 36-month lease of a 2012 XC70 T6 Premier Plus with 15,000 miles per year are .00143 and 53%, respectively.

The numbers for an otherwise identical 48-month lease are .00170 and 43%.

The numbers for the XC70 3.2 Premier Plus AWD are .00143 / 52% and .00170 / 42%.

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lsr2k12 · August 2012

Carman,

Could you provide the current money factor and residual for the following vehicles for 36 months and 15k miles per year?

2012 and 2013 XC-70 3.2 Premier Plus

2012 and 2013 XC-70 T-6 Premier Plus

Thanks in advance.

CarMan@Edmunds · August 2012

I'd be happy to lsr2k12. US Bank's current buy rate lease money factor and residual value for a 36-month lease of a 2012 XC70 3.2 Premier Plus with 15,000 miles per year are .00113 and 49%, respectively for consumers who qualify for its top credit tier.

The numbers for an otherwise identical lease of a 2012 XC70 T6 Premier Plus are .00113 and 50%.

The numbers for the 2013 versions of this vehicle are .00178 / 56% and .00178 / 58%.

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lsr2k12 · September 2012

Carman,

Could update the XC-70 rates as well for September?

Thanks.

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Volvo XC70 Lease Questions

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