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Volvo XC60 Lease Questions

clay_frankclay_frank Posts: 1
edited May 2015 in Volvo
I'm new to leasing, and I received the deal told me that the residual value on a 2015.5 AWD XC60 platinum package was $25,703 with a MF of .00031 on a 39 month lease. Does these numbers sound reasonable or high?

Best Answer

  • MichaellMichaell ColoradoPosts: 140,654
    Accepted Answer

    I'm new to leasing, and I received the deal told me that the residual value on a 2015.5 AWD XC60 platinum package was $25,703 with a MF of .00031 on a 39 month lease. Does these numbers sound reasonable or high?

    I suspect this is for the T5 trim - the base MF for 39 months is .00021, so your dealer is marking that up on you for a bit of extra profit.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

Answers

  • I just got This deal. Xc60 t5 fwd platinum. Bliss and booster seats. MSRP $46880. 1500 cash 39 months 12,000 miles. $545 a month including taxes. Did I get screwed?
  • MichaellMichaell ColoradoPosts: 140,654
    I just got This deal. Xc60 t5 fwd platinum. Bliss and booster seats. MSRP $46880. 1500 cash 39 months 12,000 miles. $545 a month including taxes. Did I get screwed?
    What was the selling price? Breakdown of the $1500?

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Selling price  $43330. $ 1500 was not down payment. I guess first month. Transfer of tag and all those inception and dealer fees they come up with. 
  • Correction. Selling price $43,443
  • MichaellMichaell ColoradoPosts: 140,654

    I just got This deal. Xc60 t5 fwd platinum. Bliss and booster seats. MSRP $46880. 1500 cash 39 months 12,000 miles. $545 a month including taxes. Did I get screwed?

    Selling price  $43330. $ 1500 was not down payment. I guess first month. Transfer of tag and all those inception and dealer fees they come up with. 

    Correction. Selling price $43,443

    MF is .00009 and 39/12 residual is 49%. With your MSRP and selling price, I get a pre-tax payment of $530.90.

    I think you did fine.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • kymerakymera Posts: 16
    Hi, i've been reading these forums for months now, and I think this is an awesome thing that you do. Thanks so much for this. I have a couple questions.

    I just came back from my local Volvo dealer and I was looking at a XC60 T6 AWD. I was told there was a special going on right now on the T6 leases. The salesman gave me the following numbers:

    MSRP: $46, 915 (T6 AWD, Convenience, Proximity packages)
    Selling: $43,195
    Residual: 52%
    MF: 0.00026
    Term: 39

    Do those match the numbers you have? My second question is: What are the lease numbers for the T5 AWD?

    Again, thanks for the information.
  • kyfdxkyfdx Posts: 148,174
    kymera said:

    Hi, i've been reading these forums for months now, and I think this is an awesome thing that you do. Thanks so much for this. I have a couple questions.

    I just came back from my local Volvo dealer and I was looking at a XC60 T6 AWD. I was told there was a special going on right now on the T6 leases. The salesman gave me the following numbers:

    MSRP: $46, 915 (T6 AWD, Convenience, Proximity packages)
    Selling: $43,195
    Residual: 52%
    MF: 0.00026
    Term: 39

    Do those match the numbers you have? My second question is: What are the lease numbers for the T5 AWD?

    Again, thanks for the information.

    We don't have May numbers for Volvo, unfortunately..

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • kymerakymera Posts: 16
    edited May 2015
    Here are the numbers from another thread.
    I was told that there was a special rate for the T6 over 39 months for the month of May. It does look like they reduced the residual on me.

    These are for 36month 12,000miles

    T5 - .00021 and 53%

    T6 - .00043 and 55%
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