Edmunds dealer partner, Bayway Leasing, is now offering transparent lease deals via these forums. Click here to see the latest vehicles!
Popular New Cars
Popular Used Sedans
Popular Used SUVs
Popular Used Pickup Trucks
Popular Used Hatchbacks
Popular Used Minivans
Popular Used Coupes
Popular Used Wagons
Comments
And is it USBank for the 2.9% finance for purchase as well ?
Seems like restricting the number of lenders will increase rates for leases and purchases. Doesn't seem like an efficient market, does it?
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Other than the available $1,000 owner loyalty cash, I don't believe that Volvo is currently providing any cash incentives on leases of this truck right now.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
According to the latest information that I have seen, Volvo Finance's buy rate lease money factor and residual value for a 36 month lease of a 2011 XC60 3.2 AWD with 15,000 miles per year are .00134 and 53%, respectively.
The numbers for an otherwise identical 48 month lease are .00161 and 43%.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
For some reason your reply didn't generate an email alert and I only now see your response.I hopefully have now corrected/re done that on my Edmunds profile.
You are absolutely right about $500-$1000 over invoice, before incentives. Despite the fact that Edmunds "True Market Value" has it at $100 under invoice, I haven't encountered that.Ill pop over to the "prices paid" discussion forum for more on that...The incentives I have found may be regional, but again, more on that at "Prices paid".
I have gathered some more Cap Cost numbers, but the MF of .00109 and RV of 54% are consistent on any 2011 AWD XC60T6 3 years/12K miles I have looked into.BTW, not a 3 year 15K-I changed that. Hope I really WILL be driving less, but in a nicer car! :shades:
Now I have to find someone with the vehicle I want in stock-Some say they have to order unless I "buy up" adding a metallic paint or BLIS.
Thanks again for all the input;Ill let you know what number I settle upon.
It is great to have a "reality checker" ,Thank you.
SO are the following consistent across Volvo dealers now as all are using the same bank:
1.Disposition fee (hopefully zero)
2.Deposit
3.GAP coverage included
4.Closed end lease
Or am I just wishing that were true?
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
I don't believe that US Bank charges an acquisition fee on any leases.
Just about all leases nowadays are closed-end and Volvo's are no exception.
I'm not 100% positive, but I believe that gap insurance is included on Volvo leases at no additional cost.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
This lease program is scheduled to run through June 30th, but Volvo might make some unscheduled changes to it for June. It's difficult to say exactly what automakers will do with their future programs.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Here's what I got.
MSRP: $46,645 convenience, climate, BLIS, Personal Comm.
Negotiated Price: $43,347 + $995 acquisition
MF: .00124
Residual: 52%
12,000 miles / 36 months
This is in San Diego.
Hope it's good because the car is in my garage already!
What's the payment and upfront money?
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Upfront was 1499.99 which is first, dmv, taxes, etc.
My cap reduction was a whopping $140
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
thanks
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Thanks in advance for any input!
The numbers for an otherwise identical lease of a 2012 model are .00178 and 54%.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Thanks,
The numbers for an otherwise identical lease of a FWD model are .00178 and 52%.
Volvo runs its special lease through US Bank. US Bank charges a $695 acquisition fee on leases.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
It is true to some degree that banks got fairly burned by overestimating vehicles' residual values prior to the credit crisis. They were uber conservative coming out of it, but have loosened up somewhat lately. It doesn't hurt that the values of used vehicles is very strong right now.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
I am looking at 2012 3.2 FWD Prem. Plus, +BLIS, +Climate, for 36 mos. lease with 12k miles, or a 2012 T6 with same options and same terms. Thanks so very much!
The numbers for an otherwise identical lease of an XC60 T6 Prem. Plus FWD are .00122 and 51%.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
For XC60 3.2 AWD Premier Plus w climate package & blind spot
MSRP 43045
Residual 52%
MF: 0.00122
10,000 miles/year for 36 mos
If I am thinking about making an offer what will be a godd starting point? 38,500 sound reasonable starting point?
Do you have the the following December money factors and residuals:
T-6 R-Design for 36 and 48 months 15k per year
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
The numbers for the XC60 T6 Premier Plus are .00122 / 50% and .00148 / 39%.
The numbers for the XC60 3.2 Premier Plus AWD are .00122 / 49% and .00148 / 38%.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Can you advise of current money factors and residuals for an XC-60 with the Premier Plus package for 3 yrs and 12,000 miles/year.
Invoice for the car (with a few other options) was $42,740 and they agreed to $41,500 (the XC-60 is really tough to find here in Dallas for whatever reason). Without giving me the money factor or residual, they are saying a 3 yr/36k mile lease would be $731 after a $3000 down payment. That number just doesn't make any sense to me. It's basically the same as the 60 month loan at 2.9%.
Thanks in advance.
I would ask for A-plan pricing. It equates to invoice pricing and basically almost anyone can qualify for it. You can find the eligibility list on the Volvo of Dallas website.
Based on last months numbers of .00122 money factor and 48% residual, that $731 doesn't seem too far off. I get about $680 a month on my lease calculator taking into account the fact that Texas charges the full tax price of the car on the lease.
I don't know if the $3000 was all cap cost reduction or included other fees, but it is likely the dealership is marking up the money factor a bit to get to that $731 number.
This car is a better purchase candidate at 2.9% APR for 60 or 72 months.
Also, is this at Park Place or Volvo of Dallas?
Can you tell me if the above numbers have changed since last month?
Sorry that wasn't clear. Yes, the MSRP was 42,740 and they came down to 41,500. This was Park Place. I'll check the Volvo of Dallas website.
After asking twice for the residual and money factor, they finally came back with 48% and .00163. With 3000 down (basically the sales tax) they calculated the lease payment as $669. I was wondering if the money factor really went up that much from December to January.
We're still considering the purchase option... Just not sure we will want to keep it for that long as the main consideration.
Thanks again.
I drove a 2012 XC60 with premier and climate packages awd 3.2, i was told the sticker was around 37.5k, with the inception fee 0f 4200 does a 36month 10k mile per yea lease at $531 month sound reasonable? It was their first offer but i had to leave the dealership in a hurry not sure how low it can go from there, the rsidua was .58. Thanks
It sounds like the money factor is the same as last month and they are marking it up by .00041, which I think might be the maximum allowed. Tell them you want the base rate money factor.
Also, make sure you are being given the base acquisition fee of $795.
At first glance, that payment seems high.
What is included in the down payment?
Also, it is generally advised not to make such a high down payment when leasing.
Are you sure they said the residual was 58% for 36 months? That seems too high. Should be more like 48%.
Also, did that quote include tax?
Does the monthly payment include tax, or all taxes paid up front? Not sure what state you are in.
Is the MSRP $39,775 and the price they are selling to you before down payment and fees is $37,500?
Base Acquistion is $795, so they are marking that up $200.
Money factor looks like the buy rate which is good.
If you can provide the selling price before any fees or down payment, and also tell me how much of the $4,200 is going to taxes, I can provide you with a better estimate of how good of a deal this is.
Thanks
Based on my calculations, it seems the dealer is selling the car to you at about $38,400 which equates to (38,400-20683)*.07 or $1,240 in taxes.
As such, ~$1,100 is going as down payment.
It would be helpful if you could get the exact selling price of the vehicle in order to analyze your deal more closely.
Unless you really need the payment to be ~$30 lower, I would recommend keeping the down payment money and just paying up fronts.
Approximate invoice on this vehicle is $37,500.
Also, I would inquire about A-plan pricing which is invoice.
You can find a list of eligible companies in this link
https://pictures.dealer.com/volvodallasvtg/e6e4c5490a0d02b701b7bf86689c1e66.pdf
If you don't qualify, I would shoot for a selling price of $500 over invoice as well as request the base rate acquisition fee of $795 and you will have a good deal.
That payment sounds like way too much to pay for an XC60.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Please comment on this lease offer. XC 60 T6 loaded with MSRP 47,625, Cap cost 43,600. 10k miles, 3 years, at delivery cash due 1,900 includes DMV, First Month payment and $695 US Bank fee. Monthly rate $662.00. Residual 51% and MF .0012.
thanks
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum