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2013 and earlier Volvo XC90 Lease Questions
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Premium Package
Climate Package
Versatily Package
Monthly payment $599
Due at signing $810 (that's first month's payment of $599 and motor vehicle fee of $211).
Let me know what you guys think.
Thanks.
Was also told Volvo Financing charges $0.25 per mile (not the $0.20 I've seen on all Volvo adverts) for excess mileage for vehicles with a sticker greater than $50,000. Anyone else run into this?
To me, It doesn't sound like a good deal.
Leasing 101 (I learnt that from these boards), NEVER put any money down, always lease with minimum drive off.
I'm getting ready to lease a V8 7 pass. AWD
msrp = 57100
24 mo lease, 10,500 miles, 60% residual
drive off = 1200
mo. pmt + tax = 635
btw, what is Volvo Finance acquisition/bank fee?
$1,500 out of pocket
24 month lease
10,500 per year
$549 including taxes
This is a Pennsylvania lease
Do you think this is a good deal?
ME!
I read every darned thing on whatever I sign.
'11 GMC Sierra 1500; '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '08 Maser QP; '11 Mini Cooper S
This is a 24 mo. lease with 15k miles/year.
David
ALWAYS read what you sign!!!!
What is current money factor and RV% on a 24month lease? I have sterling credit.
Thanks
$535/mo. including taxes - 24 months
3.2 AWD
15k miles/yr
Premium
Versatility
Climate
Bi-Xenon
Convenience
Wood Inlays
Front window Tint
08 Volvo xc90
36month/15k miles/0down
w/dvd
$565/month
MSRP: 45,200
Cap cost reduction: 400
Acquisition: excluded from lease, paid cash
Cost:36,300
Residual was 48% and the MF was 0.002. Cash out of pocket was $2000, and $400 of that was at the cap cost reduction. Bank was not Volvo, but Chase - which probably accounts for the deep discount off MSRP.
PMT = 519 before tax, 545 after tax
I wasn't thrilled with the deal, but there it is. They tried to get me into a 48 month lease, but I wasn't going for that. If anyone has any data points to share, it would be great - knowing my msrp to pmt ratio was low 80s leads me to believe I didn't get a good deal, but this may be the going metric for Volvos...
08 XC90 Black/Sandstone Beige
Premium
Versatility
Convenience
Wood Steering Wheel
Active Bi-Xenons
MSRP: $44,620
Due at signing: First payment + tax + tag PLUS 500 down
$500 coming back from my previous lease security deposit, so in theory Just First Payment, Tax and Tag.
Payment: $519 (includes FL use tax).
Terms: 24 months, 10,500 miles per year
Additional Conditions: Dealer paid off 4 remaining payment of old lease - $1,944
Ended up spending $500 for the maintenance package they are selling at the dealer, which includes 15000, 22500, and 30000 mile maintenance (first 7500 mile service is free), and 30000 one by itself is about $500, I think it's a good deal.
David
Regards
good luck
2008 xc90 fwd leather no navigation
42k msrp
~36 sales price
2 years 10.5k miles
$2295 down
$424.50 incl tax.
This was before the Spring Sales event, i wonder if I can get them down even more. Not stoked on the down payment but don't want to pay much more per mth.
anyone know residual and mf for this car?
479/month inc 9% sales tax
0 Down
Add AWD for $519/mo with 0 down
24 month lease
12,000 per year
509.00 month including 9% PA tax
24 month lease/12,000 per year
metallic paint
AWD
Premium Package
Climate Package
0 down
Is this a reasonable deal???
24 mo./12,000 per year
XC90 3.2
AWD
DVD
Climate package
Versatility package
Premium package
$46,500 MSRP
$39,900 sale price
$1,550 at signing
...............$569/month including 9% PA tax
Thoughts?
2008 XC90 with the following:
Convenience Pkg
BLIS Pkg
Premium Pkg
Versatility Pkg
Wood Steering Wheel
Rear DVD Player (not sure if in one of above packages)
Garmin NAV Touchscreen system for Free w/ Bluetooth for Phone (current promotion through the end of March)
Note: this is not the garbage NAV system that's made by Volvo but one that is portable that they install for free mounted on top of dash wired directly into the speaker system...I believe it's voice activated too on Bluetooth commands
24 month lease, give the dealer a total of $935 at start, 15,000 miles/year and 23 remaining payments of $496 month including Florida state sales tax. The sticker price on vehicle was about $46K and lease cap cost was about $37K
Is this a good deal or not???
Note: This is NOT the AWD version vehicle.
Car_man
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Car_man
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Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Do you know what the MF and residual is for a X90 3.2 7 passenger for a 24 mo. 10,500 and 12,000 mile lease?
I was quoted .00087 and 63% (62% on the 12k lease) and I wanted to know if there was any room to negotiate there.
Thanks
Car_man
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Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Let's take a look at the selling price that you were offered. The XC90 that you are interested in probably has a spread of around $2,900 between its full MSRP and its dealer invoice price. Plus, Volvo is currently providing a $2,750 cash incentive on leases of this vehicle through Volvo Finance. This gives you a total of around $5,650 to play with during your negotiations. If the dealer is running your lease through Volvo Finance, the $6,000 discount that you were quoted looks outstanding to me. Just make sure that the dealer uses Volvo Finance's buy rate lease money factor to calculate your monthly payment and you're all set. Volvo Finance's current buy rate for a 24 month lease of an '08 XC90 3.2 FWD 5-Passenger is .00041. The residual value for a 24 month, 10.5k lease of this vehicle is 62%.
Car_man
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Here's the deal I'm leaning toward. I like this dealer better then the one who gave me the other offer.
2008 XC90 AWD, black, 5 passenger, premium package, climate package,
List: 42,475.00
Selling price: $35,400.00
24 mo / 12K per year lease
0 down, $468+ sales tax otd (first month lease)
$468 + sales tax per month
Would LOVE to do the same deal again as the car has been pretty flawless. The only problem I see is that there doesn't appear to be that many XC90 V8's on the lot this year but there are a ton still out there with the V6 model.
With same $1,000 total due at start on a 24 month lease, 23 remaining payments of $600/month including tax (includes 16,500 miles a year, not 15K). I almost think this is a better deal than the V6 version deal I posted available to me on 3/18's post. There are a few things I didn't like about the V6 version:
The cheap looking leather seats with the pebbles "vinly" looking seat bolsters on sides of seat cushion.
The radio, while some may like this style, I didn't like the BIG telephone style buttons....I'm coming from an Audi with MMI and not used to having radio buttons especially ones that big and bulky.
No avilable better stereo (Dynaudio).
I do realize there is a big price difference between the two and my V6 deal is smoking hot....but I am seriously considering the V8 version...also, wouldn't mind a little extra pep in the acceleration department.
I don't understand the people that have $0 at signing. Are those fees waived? Rolled into the monthly payments? What am I missing?
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Xc90 3.2 AWD 7 passenger
nav
premium package
climate pkg
versatility pkg
bi-xenon lights
silver
sticker: 47, 942
sale price 37,450
36 months/15k
$574 per month with tax
$1850 due at signing (includes 1st month pmt)
Xc90 3.2 AWD 7 passenger
nav
premium package
climate pkg
versatility pkg
bi-xenon lights
silver
sticker: 47, 942
sale price 37,450
36 months/15k
$574 per month includes tax
$1850 due at signing (includes 1st month pmt)
2008 XC90 3.2L AWD
7 Passenger
Climate Pkg (bum warmers)
Premium Pkg(oooo leather)
Versatility Pkg (3rd row for short people)
metallic paint
NO DVD, NO NAV, NO BIXENON
$249 a month, $4989 due at signing
4 Yr Warrantee, or 50,000 miles (standard)
The residual is 63%, which equals $18500.
So that means after 2 year lease, I will have paid $10965 (not including tax), and if I add the residual to buy the car outright, it's $29465...
Here are other calcs on this SUV:
The Cap Cost is $29408
The MSRP is $44725
The Invoice is $41908
The math:
What I pay after 2 years - CAP Cost = 29465 - 29408 =... $57???
Does this mean I am not paying any interest? I believe the bank underwriting this is JP Morgan, or at least that is what I think I saw on the screen.
So my first question is, is the 24 month deal that is going on a crazy deal?
Some things that factored into my deal, as some of you may say that my numbers are not what match the advertisements.
There are currently two offers in the NY Tri state area:
1) Garmin GPS for $750
2) $500 Trade in incentive
I was able to get credit for both as I did not want the Garmin. This may be in the tri state only.
So... if you factor that I got the extra $1250 to make my monthly payments $249 instead of $299, am I basically leasing a car at no interest?
Also, am I doing something horrible by putting so much down?
Since I'm doing a trade in, I just figured I would use that money to reduce my monthly.. not that I have a problem holding onto money, but still, I like the idea of just paying $250 a month...
Anyway, this was a LONG post, but I would love some feedback, as I will decide on this by Monday. Is there something wrong with this deal that I don't get? I am willing to pay down so much because I'm doing a trade in.
thanks, and this forum is awesome.
(One comment I've learned from the forum, that there are risks in paying so much in down payment if you get into an accident that totals the car. Is this true?)
You're saying that you were quoted a lease sale price of $29,400 on a car with an MSRP of $46,700???? $12,500 UNDER invoice? Even adding back in the $5,000 due at signing, your price is still more than $7,000 under invoice. I just don't see how that's possible. Plus, residual is based on MSRP, so a 63% residual (10.5k miles a year?) would put you at just over $28,000, only $1,400 under the sale price?? Consider me confused and extremely doubtful. I think you are missing something here. I'm about to post the lease deal that I just made. Not saying that it's the best, but it's waaaay off from yours. One of us is going to be wrong; if it's me, then I guess I made a crappy deal. See my post in prices paid and buying experience.
Also, I understand how easy it can be to put lots of money down when you are getting the cash anyway from the trade-in, but you would actually be better off putting that cash in the bank, having it earn interest, and pay a higher monthly. If the car is stolen or in a bad accident, that money is gone -- even if it's 3 days after leaving the dealer. . . .