2016 Volvo XC90 Lease Questions

yuanfen888

Thanks

jkipster said:

josad99 said:

jkipster said:

Thanks to Michaell and Kyfdx for confirming the terms of the XC90. I just want to share the deal that I was able to negotiate yesterday for the community. Had been all in on the 2017 T5 but was steered to the great terms on the leftover 2016 T8's.

2016 XC90 T8 Momentum AWD Hybrid fully loaded
30month/12K (30 month is the current sweet spot)
MSRP: $76,710
Selling price: $62,000
Residual: 54% $41,413
Money Factor: 0.00033 (from 0.00083 with 10 deposits)
Capped Bank Fee: $995 (I know it's marked up but he wasn't budging as we also did deposits to cut into their profit)
Capped Doc Fee: $80
Gross Cap Cost: $63,075
Net cap cost: $60,021

Rebate of $4,585 applied as:
Cap Cost Reduction: $3,054
Sales tax on CCR: $275
DMV: $544
First Month: $712

Base Monthly $653 + 9% tax

Drive offs of $7,500 covering 10 $750 refundable security deposits. Also received a check for $530 to cover the last payment of the current lease.

I thought this was a great deal on effectively a zero drive off lease for a loaded car.

That is an amazing deal - what dealership was that at?

Ontario (SoCal). I was subsequently offered $685 all in at another dealership in a different color that we didn't want. PM me for details if it is allowed. 

Can you share the name of the sales rep please? Thanks!

yuanfen888

kyfdx said:

yuanfen888 said:

Could I have the MF and residual for 2016 T8 R design 10k/30, 10k/36, 12k/30 and 12k/36
Really appreciate it!

.00160 MF and 55%/52% residual for 30/36 mo, 12K/yr
Add 1% for 10K/yr
$4585 Volvo Allowance

Thank you very much!

josad99

Was there any change to residual and money factors for October - I need the residual and money factor for the 2016 T8 AWD hybrid Momentum for 30/12 and 36/12?

Also, does the $4,585 credit still apply for October?

Thanks

Michaell

josad99 said:

Was there any change to residual and money factors for October - I need the residual and money factor for the 2016 T8 AWD hybrid Momentum for 30/12 and 36/12?

Also, does the $4,585 credit still apply for October?

Thanks

.00089 and 49% / 47%. $4585 credit is still there, this month.

buckeyesfan

Michaell said:

josad99 said:

Was there any change to residual and money factors for October - I need the residual and money factor for the 2016 T8 AWD hybrid Momentum for 30/12 and 36/12?

Also, does the $4,585 credit still apply for October?

Thanks

.00089 and 49% / 47%. $4585 credit is still there, this month.

Can you also provide the 39/10k info for the same vehicle? Thanks in advance!

Michaell

buckeyesfan said:

Michaell said:

josad99 said:

Was there any change to residual and money factors for October - I need the residual and money factor for the 2016 T8 AWD hybrid Momentum for 30/12 and 36/12?

Also, does the $4,585 credit still apply for October?

Thanks

.00089 and 49% / 47%. $4585 credit is still there, this month.

Can you also provide the 39/10k info for the same vehicle? Thanks in advance!

Same MF, but 46% residual

Oh, I just saw this .. an additional $9000 bonus on the T8 models.

jkipster

Michaell said:

buckeyesfan said:

Michaell said:

josad99 said:

Was there any change to residual and money factors for October - I need the residual and money factor for the 2016 T8 AWD hybrid Momentum for 30/12 and 36/12?

Also, does the $4,585 credit still apply for October?

Thanks

.00089 and 49% / 47%. $4585 credit is still there, this month.

Can you also provide the 39/10k info for the same vehicle? Thanks in advance!

Same MF, but 46% residual

Oh, I just saw this .. an additional $9000 bonus on the T8 models.

Is the $9,000 on top of the previous $4,585?

kyfdx

jkipster said:

Michaell said:

buckeyesfan said:

Michaell said:

josad99 said:

Was there any change to residual and money factors for October - I need the residual and money factor for the 2016 T8 AWD hybrid Momentum for 30/12 and 36/12?

Also, does the $4,585 credit still apply for October?

Thanks

.00089 and 49% / 47%. $4585 credit is still there, this month.

Can you also provide the 39/10k info for the same vehicle? Thanks in advance!

Same MF, but 46% residual

Oh, I just saw this .. an additional $9000 bonus on the T8 models.

Is the $9,000 on top of the previous $4,585?

Yes,.. on 2016 T8 models

jkipster

kyfdx said:

Was there any change to residual and money factors for October - I need the residual and money factor for the 2016 T8 AWD hybrid Momentum for 30/12 and 36/12? Also, does the $4,585 credit still apply for October? Thanks

.00089 and 49% / 47%. $4585 credit is still there, this month.

Can you also provide the 39/10k info for the same vehicle? Thanks in advance!

Same MF, but 46% residual Oh, I just saw this .. an additional $9000 bonus on the T8 models.

Is the $9,000 on top of the previous $4,585?

Yes,.. on 2016 T8 models

Thanks. And what are the 24 month terms?

danmgy11

So there are currently two incentives for leasing the T8, the $4,585 and $9,000?

Is it only on a specific trim, is it for the momentum? 

Can you tell me what they are for so when I go to the dealership I know how to properly address them? 

Thanks! 

Michaell

jkipster said:

kyfdx said:

jkipster said:

Michaell said:

buckeyesfan said:

Michaell said:

josad99 said:

Was there any change to residual and money factors for October - I need the residual and money factor for the 2016 T8 AWD hybrid Momentum for 30/12 and 36/12?

Also, does the $4,585 credit still apply for October?

Thanks

.00089 and 49% / 47%. $4585 credit is still there, this month.

Can you also provide the 39/10k info for the same vehicle? Thanks in advance!

Same MF, but 46% residual

Oh, I just saw this .. an additional $9000 bonus on the T8 models.

Is the $9,000 on top of the previous $4,585?

Yes,.. on 2016 T8 models

Thanks. And what are the 24 month terms?

.00089 and 54% for 24/12

Michaell

danmgy11 said:

So there are currently two incentives for leasing the T8, the $4,585 and $9,000?

Is it only on a specific trim, is it for the momentum? 

Can you tell me what they are for so when I go to the dealership I know how to properly address them? 

Thanks! 

All 2016 T8 trims have the same incentives, this month.

danmgy11

Could you please provide the numbers for 39/15 and 36/15 for the Momentum T8? 

Many thanks! 

gavin3466

Michaell said:

danmgy11 said:

So there are currently two incentives for leasing the T8, the $4,585 and $9,000?

Is it only on a specific trim, is it for the momentum? 

Can you tell me what they are for so when I go to the dealership I know how to properly address them? 

Thanks! 

All 2016 T8 trims have the same incentives, this month.

Just want to make sure I understand this correctly - $9000 + $4585 = 13,585 incentives? That sounds amazing.

Is this listed somewhere? Is there anything I can point them to show this incentive when I go to dealer? Thanks!

gavin3466

jkipster said:

josad99 said:

jkipster said:

Thanks to Michaell and Kyfdx for confirming the terms of the XC90. I just want to share the deal that I was able to negotiate yesterday for the community. Had been all in on the 2017 T5 but was steered to the great terms on the leftover 2016 T8's.

2016 XC90 T8 Momentum AWD Hybrid fully loaded
30month/12K (30 month is the current sweet spot)
MSRP: $76,710
Selling price: $62,000
Residual: 54% $41,413
Money Factor: 0.00033 (from 0.00083 with 10 deposits)
Capped Bank Fee: $995 (I know it's marked up but he wasn't budging as we also did deposits to cut into their profit)
Capped Doc Fee: $80
Gross Cap Cost: $63,075
Net cap cost: $60,021

Rebate of $4,585 applied as:
Cap Cost Reduction: $3,054
Sales tax on CCR: $275
DMV: $544
First Month: $712

Base Monthly $653 + 9% tax

Drive offs of $7,500 covering 10 $750 refundable security deposits. Also received a check for $530 to cover the last payment of the current lease.

I thought this was a great deal on effectively a zero drive off lease for a loaded car.

That is an amazing deal - what dealership was that at?

Ontario (SoCal). I was subsequently offered $685 all in at another dealership in a different color that we didn't want. PM me for details if it is allowed. 

Could you please share the other dealer's name? I am thinking about getting this one. Thanks.

kyfdx

danmgy11 said:

Could you please provide the numbers for 39/15 and 36/15 for the Momentum T8? 

Many thanks! 

.00089 MF and 45%/43% for 36/39 months.
$9000 XC90 T8 Bonus
$4585 Non-cash credit

kyfdx

gavin3466 said:

Michaell said:

danmgy11 said:

So there are currently two incentives for leasing the T8, the $4,585 and $9,000?

Is it only on a specific trim, is it for the momentum? 

Can you tell me what they are for so when I go to the dealership I know how to properly address them? 

Thanks! 

All 2016 T8 trims have the same incentives, this month.

Just want to make sure I understand this correctly - $9000 + $4585 = 13,585 incentives? That sounds amazing.

Is this listed somewhere? Is there anything I can point them to show this incentive when I go to dealer? Thanks!

$9000 XC90 T8 Bonus
$4585 Non-cash credit

No public information

jkipster

I was told by a dealer that the $9K isn't new for this month but was available last month as well. So I've gotten worse pricing from multiple dealers because the MF has gone up and residuals have gone down.

jkipster

josad99 said:

jkipster said:

Thanks to Michaell and Kyfdx for confirming the terms of the XC90. I just want to share the deal that I was able to negotiate yesterday for the community. Had been all in on the 2017 T5 but was steered to the great terms on the leftover 2016 T8's.

2016 XC90 T8 Momentum AWD Hybrid fully loaded
30month/12K (30 month is the current sweet spot)
MSRP: $76,710
Selling price: $62,000
Residual: 54% $41,413
Money Factor: 0.00033 (from 0.00083 with 10 deposits)
Capped Bank Fee: $995 (I know it's marked up but he wasn't budging as we also did deposits to cut into their profit)
Capped Doc Fee: $80
Gross Cap Cost: $63,075
Net cap cost: $60,021

Rebate of $4,585 applied as:
Cap Cost Reduction: $3,054
Sales tax on CCR: $275
DMV: $544
First Month: $712

Base Monthly $653 + 9% tax

Drive offs of $7,500 covering 10 $750 refundable security deposits. Also received a check for $530 to cover the last payment of the current lease.

I thought this was a great deal on effectively a zero drive off lease for a loaded car.

That is an amazing deal - what dealership was that at?

jkipster said:

Ontario (SoCal). I was subsequently offered $685 all in at another dealership in a different color that we didn't want. PM me for details if it is allowed. 

gavin3466 said:

Could you please share the other dealer's name? I am thinking about getting this one. Thanks.

This was from Culver City, but they've sold that car. They have one other T8 left, but see my previous comment on pricing.

gavin3466

kyfdx said:

yuanfen888 said:

Could I have the MF and residual for 2016 T8 R design 10k/30, 10k/36, 12k/30 and 12k/36
Really appreciate it!

.00160 MF and 55%/52% residual for 30/36 mo, 12K/yr
Add 1% for 10K/yr
$4585 Volvo Allowance

Looks like MF is much higher for R-design (0.00160) than Momentum (0.00083). Is this normal? BTW, is using 10 MSDs to bring down the MF a common practice? Thanks.

danmgy11

If you have the cash available MSD's are a fantastic investment and probably the most effective and cost effectiveway to low your mmonthly payments. 

Just make sure that the dealership starts off using the base MF.  I have found letting them know I am going to do MSD's is beat to tell them at the very end of negotiations. 

kyfdx

gavin3466 said:

kyfdx said:

yuanfen888 said:

Could I have the MF and residual for 2016 T8 R design 10k/30, 10k/36, 12k/30 and 12k/36
Really appreciate it!

.00160 MF and 55%/52% residual for 30/36 mo, 12K/yr
Add 1% for 10K/yr
$4585 Volvo Allowance

Looks like MF is much higher for R-design (0.00160) than Momentum (0.00083). Is this normal? BTW, is using 10 MSDs to bring down the MF a common practice? Thanks.

Unfortunately, I gave you the 2017 numbers

2016 T8 R-Design:
.00114 MF and 51%/46% residual for 30/36 months, 12K/yr
$9000 T8 Bonus
$4585 Non-Cash credit.

But, yes... money factors are all over the map. For no apparent reason, other than they are trying to hit a particular lease payment for a particular vehicle.

MSD programs are commonplace among luxury car makes, but I wouldn't say that their use is common. However, if you have the cash available, the savings can be fairly substantial.

earljans

Hello, could I get the MF and residual for 2016 T8 Inscription 39 months 10k miles, thanks!

danmgy11

I have a quick question, can a dealership refuse to allow you to use MSD? The local volvo dealershiptold me they wwon't allow me to use them with the deal they offered me.

Also, do you know how man MSD's Volvo allows and how much each one lowers the MF?
Thanks!

Michaell

earljans said:

Hello, could I get the MF and residual for 2016 T8 Inscription 39 months 10k miles, thanks!

.00113 and 46%. $9000 T8 bonus and $4585 lease bonus.

Michaell

danmgy11 said:

I have a quick question, can a dealership refuse to allow you to use MSD? The local volvo dealershiptold me they wwon't allow me to use them with the deal they offered me.

Also, do you know how man MSD's Volvo allows and how much each one lowers the MF?
Thanks!

Don't have the details of the Volvo MSD program.

I've not heard of a dealer flat out refusing to allow MSD. Some dealers don't know about or understand the program.

danmgy11

Michaell said:

danmgy11 said:

I have a quick question, can a dealership refuse to allow you to use MSD? The local volvo dealershiptold me they wwon't allow me to use them with the deal they offered me.

Also, do you know how man MSD's Volvo allows and how much each one lowers the MF?
Thanks!

Don't have the details of the Volvo MSD program.

I've not heard of a dealer flat out refusing to allow MSD. Some dealers don't know about or understand the program.

I'll double check with them.

Also, do you know how man MSD's Volvo allows and how much each one lowers the MF?

Thanks!

earljans

Can a dealer refuse to sell you a vehicle if you don't want to pay their marked up MF? Souldn't the MF be between the buyer and the leasing/financing company?

jkipster

danmgy11 said:

I have a quick question, can a dealership refuse to allow you to use MSD? The local volvo dealershiptold me they wwon't allow me to use them with the deal they offered me. Also, do you know how man MSD's Volvo allows and how much each one lowers the MF? Thanks!

Don't have the details of the Volvo MSD program. I've not heard of a dealer flat out refusing to allow MSD. Some dealers don't know about or understand the program.

I'll double check with them. Also, do you know how man MSD's Volvo allows and how much each one lowers the MF? Thanks!

10 max at 0.00005 each for 0.00050 reduction total.

Michaell

earljans said:

Can a dealer refuse to sell you a vehicle if you don't want to pay their marked up MF? Souldn't the MF be between the buyer and the leasing/financing company?

The dealer acts as the agent between you and the bank. You are free to walk away and find another dealer - only takes one to meets your terms.

Michaell

jkipster said:

danmgy11 said:

Michaell said:

danmgy11 said:

I have a quick question, can a dealership refuse to allow you to use MSD? The local volvo dealershiptold me they wwon't allow me to use them with the deal they offered me.

Also, do you know how man MSD's Volvo allows and how much each one lowers the MF?
Thanks!

Don't have the details of the Volvo MSD program.

I've not heard of a dealer flat out refusing to allow MSD. Some dealers don't know about or understand the program.

I'll double check with them.

Also, do you know how man MSD's Volvo allows and how much each one lowers the MF?

Thanks!

10 max at 0.00005 each for 0.00050 reduction total.

Thanks for the assist!

steel_guy81

can you provide residual and mf for 2016 T8 Momentum? 30/12k and 36/12k

Michaell

steel_guy81 said:

can you provide residual and mf for 2016 T8 Momentum? 30/12k and 36/12k

.00089 and 51% / 47%.

$9000 T8 bonus and $4585 non-cash credit.

bigmacoc

Looking to get 2016 XC90 T6 R-Design resid/lrf for 24/36 months @ 12k/yr. If possible, the same for T5. Thanks in advance.

Michaell

bigmacoc said:

Looking to get 2016 XC90 T6 R-Design resid/lrf for 24/36 months @ 12k/yr. If possible, the same for T5. Thanks in advance.

T5 - .00140 and 65% / 54%
T6 - .00152 and 62%; .00167 and 54%

buckeyesfan

Hello, do you have October numbers for 2016 T6 Inscription -- 24/36/39 mos, 10k miles?

senator_2001

Hi - Can someone explain how these credits work? $9000 XC90 T8 Bonus & $4585 Non-cash credit.
Is this how it works?
Example: Selling price = $70k. After credits the price would be $57k?
Or do the credits work another way?
Thanks!

jkipster

senator_2001 said:

Hi - Can someone explain how these credits work? $9000 XC90 T8 Bonus & $4585 Non-cash credit. Is this how it works? Example: Selling price = $70k. After credits the price would be $57k? Or do the credits work another way? Thanks!

In my experience the $9K will be built into the selling price that you are quoted. So you can expect a price in the low $60Ks. The $4,585 lease cash can be applied however you want. I.e. to full cap reduction or to pay some driveoffs. 

kyfdx

jkipster said:

senator_2001 said:

Hi - Can someone explain how these credits work? $9000 XC90 T8 Bonus & $4585 Non-cash credit.
Is this how it works?
Example: Selling price = $70k. After credits the price would be $57k?
Or do the credits work another way?
Thanks!

In my experience the $9K will be built into the selling price that you are quoted. So you can expect a price in the low $60Ks. The $4,585 lease cash can be applied however you want. I.e. to full cap reduction or to pay some driveoffs. 

What he said.

Pretty sure the $4585 will all have to be used as CAP cost reduction, and therefore taxed.

buckeyesfan

buckeyesfan said:

Hello, do you have October numbers for 2016 T6 Inscription -- 24/36/39 mos, 10k miles?

Bump this request -- thanks again!

Michaell

buckeyesfan said:

buckeyesfan said:

Hello, do you have October numbers for 2016 T6 Inscription -- 24/36/39 mos, 10k miles?

Bump this request -- thanks again!

Sorry we missed this ....

24/10 - .00152 and 60%
36/10 - .00167 and 53%
39/10 - .00167 and 51%

buckeyesfan

Michaell said:

buckeyesfan said:

buckeyesfan said:

Hello, do you have October numbers for 2016 T6 Inscription -- 24/36/39 mos, 10k miles?

Bump this request -- thanks again!

Sorry we missed this ....

24/10 - .00152 and 60%
36/10 - .00167 and 53%
39/10 - .00167 and 51%

No worries...many thanks!

buckeyesfan

buckeyesfan said:

Michaell said:

buckeyesfan said:

buckeyesfan said:

Hello, do you have October numbers for 2016 T6 Inscription -- 24/36/39 mos, 10k miles?

Bump this request -- thanks again!

Sorry we missed this ....

24/10 - .00152 and 60%
36/10 - .00167 and 53%
39/10 - .00167 and 51%

No worries...many thanks!

One more request on this thread and I'll leave you alone .....same breakdown but for '16 T6 Momentum. Located in FL. Thanks again!

kyfdx

buckeyesfan said:

buckeyesfan said:

Michaell said:

buckeyesfan said:

buckeyesfan said:

Hello, do you have October numbers for 2016 T6 Inscription -- 24/36/39 mos, 10k miles?

Bump this request -- thanks again!

Sorry we missed this ....

24/10 - .00152 and 60%
36/10 - .00167 and 53%
39/10 - .00167 and 51%

No worries...many thanks!

One more request on this thread and I'll leave you alone .....same breakdown but for '16 T6 Momentum. Located in FL. Thanks again!

.00111 MF and 65%/57%/57% residual for 24/36/39 mo, 10K/yr

senator_2001

jkipster said:

senator_2001 said:

Hi - Can someone explain how these credits work? $9000 XC90 T8 Bonus & $4585 Non-cash credit.
Is this how it works?
Example: Selling price = $70k. After credits the price would be $57k?
Or do the credits work another way?
Thanks!

In my experience the $9K will be built into the selling price that you are quoted. So you can expect a price in the low $60Ks. The $4,585 lease cash can be applied however you want. I.e. to full cap reduction or to pay some driveoffs. 

Thank you!

senator_2001

jkipster said:

senator_2001 said:

Hi - Can someone explain how these credits work? $9000 XC90 T8 Bonus & $4585 Non-cash credit.
Is this how it works?
Example: Selling price = $70k. After credits the price would be $57k?
Or do the credits work another way?
Thanks!

In my experience the $9K will be built into the selling price that you are quoted. So you can expect a price in the low $60Ks. The $4,585 lease cash can be applied however you want. I.e. to full cap reduction or to pay some driveoffs. 

Thank you!

yuanfen888

How does this look 2016 XC90 T8 Momentum T8:

36 months/10k miles per year
Monthly payment: 722.72 (includes tax 9%)

MSRP: 77025.00
CAP COST: 58375.00
Total down: 7500.00 sec deposit. plus $1203.00 down drive off. Total:8703.00
Residual: 48% / $36972.00
MF: .00039 (includes 10 MSDs at $750 each)

pilot25

This is the current deal for a 2016 T8 XC90
Selling price $55,676. There is a $13,676 in Volvo market support. the residual value is 48% and the money factor is 0.00089

36 months/10k
$1,193.83 Due at signing
$746.33 a month

Michaell

pilot25 said:

This is the current deal for a 2016 T8 XC90
Selling price $55,676. There is a $13,676 in Volvo market support. the residual value is 48% and the money factor is 0.00089

36 months/10k
$1,193.83 Due at signing
$746.33 a month

What is the MSRP? Is the $55K number after all applicable incentives and dealer discounts?

What trim level is this?

pilot25

Sorry T8 Momentum MSRP is $73,125 and he said 55k is after all incentives and deals. Located in NY