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2013 and earlier Volvo XC90 Lease Questions
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Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Can you share what the current MF and residual would be on a 2008 3.2 AWD 5 Passenger? Thanks!
I am currently sitting with a quote of .00078 and 65% for the 24 month with 10,500 annual miles.
What's the best I can expect do you think?
In short, the best way to get a good deal on a leased vehicle is to negotiate as low a selling price as you possibly can on the model that you want and then have the dealer you decide to go with calculate your monthly payment using its buy rate lease money factor. You should be able to get an idea of how much you will have to pay for the XC90 that you want right now by visiting the "Volvo XC90 Prices Paid and Buying Experience" discussion.
Volvo Finance's lease program for the XC90 varies by term level, term, and mileage allowance. For now I will assume that you and your wife are interested in a 24 month lease of a 2008 Volvo XC90 3.2 FWD 7-passenger with 12,000 miles per year. Volvo Finance's buy rate lease money factor and residual value for a lease using those variables are currently .00036 and 63%, respectively.
If you negotiate a low selling price and have the dealer use this money factor you will be in good shape. Let me know if you have any questions.
Car_man
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Car_man
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I'm wondering what the money factor and residual would be for a 36 month - 15K/year lease. I should also mention that I'm looking at the base model with premium package, so 3.2 FWD.
I'm X-plan eligible, so think that with that and what I believe are good terms, lease rates are comparable to much lesser cars.
Thanks
Car_man
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Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Im in socal and was quoted the following for 15k and 18k on 24 month lease for a 7 seater AWD.
.00078 for both and 62% and 60% for 15k and 18k - I assume its different by region and for 5 seater vs 7 seater?
I want a 5 seater but the closest ones are in northern cal or AZ and it would cost them 500 bucks to ship the thing over to SD.
Is it better to do a lease deal on 12/31?
Here's a quote I received today:
XC90 V8 AWD
Climate
Convenience package
Navigation
Rear Seat Entertainment (Complimentary from Volvo, dealer installed)
The above vehicle has a Manufacturer retail Price of $53425.00 without the DVD Entertainment System because it is dealer installed.
The Buy price is: $ 46985.00 (after all incentives)
The residual percentage of this vehicle is 65% at 10500 miles per year and 24 months term
The money factor used is 0.00029
The base payment: $566.52
Due on delivery: 1st payment $566.52
Security Deposit: Waived
Bank Fees: $695.00
Taxes: $1406.30
DMV: $177.50
Total of $2845.32
I could close on this today, but I'd like to ensure I get 3rd row seating, satellite radio, blind spot warning and moonroof; are these features typical of packages available on the Sport? If so, should I get a quote on a sport that has these features or better off negotiating for the options? Also, is the bank fee negotiable?
Thanks
Moonroof is std.
Sat radio is a dealer installed item on the V8.
It is part of the Technology pkg on the Sport
BLIS is a very rare option on any XC90.
The new proposed deal is as follows:
2008 XC90-AWD, Premium Package, Climate Package, Navigation System, Sirius
Satellite
MSRP-$44,680
Gross Cap Cost-$41,385
Less: $1,000 Lease Loyalty rebate
Net Cap Cost-40,385
Residual-$29,042.
Money Factor-.00078(1.872%)
24 Month Lease-$525/month
Due on Delivery
1st Payment-$525
Sales Tax-$1,000
Regist Fee-350
Bank Fee-650
Total due at signing-$2,525.
Questions
1. Is this a good deal?
2. What rebates are available in December? I heard Volvo is giving dealers $3,000 plus additional $400 for leases in December.
3. Bank Fee-Are these negotiable? This sounds like another profit maker for dealer
Thanks
2008 xc90 w/ 7 seat option
2 year lease
All the upgrades climate/ versatility/premium/ etc.(w/ park assist camera, bluetooth, ipod, navigation)
w/ 18" tires
W/ rear seat entertainment system
3k down
548 a month
the quote inlcudes 2k from costco plus all the dealer cash.....
49k invoice
42k after savings
31k residual after lease
I think it is a good deal.....
I am trying to surprise my husband with a new XC 90 as a Christmas present. I have read through several of these posts, but the leasing variables can be a bit daunting. I have the following offer from the Volvo dealer for a three year 12,000 miles annual allowance
2008 Volvo XC90 AWD 3.2L with premium package, versatility package, climate package, and electronic control.
MSRP $45,420
Selling Price $35,869
Money Factor 0.00205
Residual 46%
Total at inception (includes taxes, fees, and 1st month) $3007
Monthly payments of $522.38
The selling price looks low, but they are likely making it up on the higher money factor and lower residual. I don't have a lot of time, would like to pick it up tomorrow as my husband will be traveling. Any help is greatly appreciated, would like to ask for his help, but i want this to be a surprise.
Thank you everybody!!!
Selling price is excellent, money factor is high, residual seems low, and money up front is too much, IMHO. But you already knew all this.
If you are a Costco member, go to their website for a fantastic XC90 program, and make a call immediately. If not, bargain hard tomorrow, but be willing to walk, making sure they understand you're serious and that they have your phone number.
Then call or visit several other Volvo dealers and see what their best deal is. You can find them on the Volvo website.
Your husband is a lucky man. Good luck, and let us know how it works out.
This comes with a REAR SEAT ENTERTAINMENT SYSTEM TWIN SCREEN DVD PLAYER *$ 1,800 VALUE*
Total Down (drive offs and your first month's payment included) $ 3900.00
23 months @ $ 495.00 per month + tax (10,500 miles per year)
35 months @ $ 573.00 per month + tax (12,000 miles per year
Thanks.
45,200 XC90 (this one is titanium gray with climate, AWD, versatility, premium pkg.
You pay invoice $ 42,408, less $ 2500, less $ 1,000 and you get a $ 500 Costco Gift card. Also incudes Rear Seat Entertainment System.
$1,163 down including first months payment
24 months - 10,500 miles - $539 per month + tax.
Just received a quote on XC90 3.2 AWD (Premium, versatility, climate and convenience packages)
0 cap cost reduction paying 1 month, bank fee and taxes due at signing (NY) ($2300)
24 month lease 10,500 miles per year
Lease per month for $426.00
Sounds really good. What do you all think?
Thanks.
limetsfan
XC90 3.2 AWD (Premium, versatility, climate and convenience packages)
0 cap cost reduction paying 1 month, bank fee and taxes due at signing (NY) ($2300)
24 month lease 10,500 miles per year
Lease per month for $426.00
MSRP: $48,295
Selling price of vehicle is $41,271
Buy back is $31,391.75.
We are Costco members and using costco promotion.
Sounds really good. But now we are concerned about buyback price. Help!!
Thanks.
limetsfan
Another cute trick that you should check about the quoted RV: Is the "add back" price of the so called free rear seat DVD system in it, because they do add it in the final paperwork ~ about $1,200. Be careful.
You're still getting a $48K car for about $41K, including the cost of your two years of leasing to make up your mind if you want to keep it. Quite a good deal, I'd say, that needs no "help".
Enjoy the new ride!
VFNA does not negotiate the buyout on their leases, and chances are the car won't be worth the buyout.
premium pkg.
convenience pkg
climate pkg
blind spot info sys
naviga sys
wood steering wheel
electronic control all wheel drive
metalic paint
What is a Lease for 24 month in NYC with no money down and the Taxes in the monthl. payment, max miles I drive in 36 month is 23000 miles.
for a 24 month lease 10,500 miles a yr MSRP $47,470
however with the discount dealer gave us
he based the lease on this price: $42,870
not paying the taxes at signing but dividing that into 24 months
at signing COD is $1,749.84 includes: 1 month lease 1 month tax banking fee etc.
Buy back $29,906.10
Monthly lease payment including tax $621.63
Thanks.
MSRP $44,725.00 Cap Cost Reduction $0.00
Initial Cap Cost $36,255.00 Refundable Security Dep $0.00
Accessories $325.00 Acquisition Fee $895.00
Cost added to Lease $0.00 First Month Payment $599.51
Cap Cost Reductions $0.00 VT Tax $1,071.03
Adjusted Cap Cost $36,580.00 VT Reg $60.00
Mileage per year 15000 Title Fee $28.00
Residual Value $18,784.50 42 % Lien Fee $0.00
Money Factor 0.0019 Interest rate(%) 4.56 Doc Fee $55.00
Term(months) 36
Monthly payment $599.51
Total due at signing $2,708.54
Car_man
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Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
You are being given a massive discount on the XC90 that you are interested in. There is only a spread of a little over $3,000 between this vehicle's full MSRP and its dealer invoice price, but Volvo is providing huge cash incentives for leases of the '08 XC90 through independent banks. They vary from $3,500 to $6,000, depending upon the trim level that you get. It appears as though the dealer that you are working with is applying most of the cash incentive to your truck's selling price. It is difficult to say for certain without knowing exactly which model you are getting, but this looks like a good deal to me.
Car_man
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I also thought the residual looked pretty low, so I pushed the dealer and got the residual knocked up to 45%, which brought the payment down to $526/month. I think we are going to go for it.
Thanks for the help.
Monthly payment
$526.01
Total due at signing
$2,805.2
$1300 out of pocket due at pick-up
$574 per mo/24 mo.s
12K miles/yr
XC90 Premium Package
Climate Pckg
AWD
Metallic Paint
Metallic Paint
On a 24 mo lease, 1 point of residual is @$20-25/mo.
10,500 miles 24 month
XC90 Premium Package
Climate Pckg
7 Passanger
AWD
Metallic Paint
$2,500 Due at signing
$463 a month
Leased in PA
I'm going to trade in my 2006 Volvo XC90 (2.5; premium/3rd, 24 mo. $399/mo, 12,000m/yr, $2600 drove off 4/2006), love every bit of the car, btw, and getting a new one for another 24 month.
here are some lease quotes I got from different dealers (southern California):
The advertised special in the region is:
$42,675 MSRP of 2008 XC90 3.2 FWD 7 Passenger (includes Premium Package, Versatility Package, and Metallic Paint)
24 month $399 10500 miles/year, and $3769 d/o.
My quotes are:
1. 24 Months Lease
12,000 Miles per Year
$3,769 Drive-Off
$451 per Month + plus tax
Money Factor 0.00076
2. 24 Months Lease
12,000 Miles per Year
Cap $36500.00
$1550.14 Drive-Off (incls 1st pmt/taxes/registration/doc fee)
Mthly pmt $479.99 plus tax $519.59
3. 24 Months Lease
12,000 Miles per Year
$2,600 Drive-Off
$473 + plus tax
I think the 2rd one is a better deal, has anyone seen better ones? Do they still have backseat DVD player offer? Is it true that the deal and discount will end after February?
Thanks,
David
Is 24 month lease better than 36 month lease, as far as money factor and such concerned?
Thanks,
David
One thing I do know is that Volvo isn't going to subsidise the cars like they did last year.
If you can take advantage of the current program, you might want to do so.