2016 volvo xc90 t6 momentum

ctor3527ctor3527 Member Posts: 30
edited July 2016 in Volvo
ok so i got some numbers for you guys,
57, 375 take $4000 off
come up with $4500 down at $597 a month includes everything, tax, registration, they pay first month, i live in rhode island so sales tax is 7 percent.

i also got a quote for a 59, 325 take $6000 off, $4000 at $596 a month, includes everything as well as first month payment

Comments

  • kyfdxkyfdx Moderator Posts: 216,065
    ctor3527 said:

    ok so i got some numbers for you guys,
    57, 375 take $4000 off
    come up with $4500 down at $597 a month includes everything, tax, registration, they pay first month, i live in rhode island so sales tax is 7 percent.

    i also got a quote for a 59, 325 take $6000 off, $4000 at $596 a month, includes everything as well as first month payment

    What term and mileage?

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  • ctor3527ctor3527 Member Posts: 30
    first one that is $597 a month is a 36 months, 12k miles a year and the second one at $596 a month is 39 months, 12k miles a year, so again when i say take $4000 or $6000 off thats what they are discounted the vehicle, off the msrp
  • kyfdxkyfdx Moderator Posts: 216,065
    ctor3527 said:

    first one that is $597 a month is a 36 months, 12k miles a year and the second one at $596 a month is 39 months, 12k miles a year, so again when i say take $4000 or $6000 off thats what they are discounted the vehicle, off the msrp

    .00061 MF and 56% residual for 36/12
    .00069 MF and 55% residual for 39/12


    Are these two different deals at different dealers?
    The first one looks about right, but the 2nd one seems like it should be cheaper, given the numbers provided.
    Get the first deal quoted as a 39/12 lease, and the payment should come down about $25/mo.

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  • ctor3527ctor3527 Member Posts: 30
    yes two different dealers!! and just spoke to the first quote dealership, and they are not budging, saying he is losing money, and that is at 39 months 12k miles a year, so do you do you think he is just BS or?
  • harrymed38harrymed38 Member Posts: 38
    Hey all would like some help here.....Do we have MF and residuals for July in MA? XC90 T6 Momentum: 24/10k, 36/10k and 39/10k. I made an order couple of months ago and the dealership said expect the arrival this months. Just want to be ready for any BS they through ....do you think the MF and residuals will change for the 2017 models? Any thoughts would be greatly appreciate
  • kyfdxkyfdx Moderator Posts: 216,065
    ctor3527 said:

    yes two different dealers!! and just spoke to the first quote dealership, and they are not budging, saying he is losing money, and that is at 39 months 12k miles a year, so do you do you think he is just BS or?

    The first one seems realistic. I have doubts about the second one.

    But, no experience with pricing. Can't give you any insight on that.

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  • kyfdxkyfdx Moderator Posts: 216,065

    Hey all would like some help here.....Do we have MF and residuals for July in MA? XC90 T6 Momentum: 24/10k, 36/10k and 39/10k. I made an order couple of months ago and the dealership said expect the arrival this months. Just want to be ready for any BS they through ....do you think the MF and residuals will change for the 2017 models? Any thoughts would be greatly appreciate

    Did you order a 2016 or 2017?

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  • ctor3527ctor3527 Member Posts: 30
    ok so i got another offer on a more expensive model, priced MSRP at 59,325, dont know how much they are discounting the vehicle but i did tell them that the other dealership discounted that vehicle $6000, so they told me, $2000 down at $639 a month, 39months 12k miles a year, to bring that number down, i would need to put $3000 down to get it to $620 a month, knocking it down $19, how does this sound? and for every thousand you put down how much should come of the monthly payment? thank you in advance
  • kyfdxkyfdx Moderator Posts: 216,065
    ctor3527 said:

    ok so i got another offer on a more expensive model, priced MSRP at 59,325, dont know how much they are discounting the vehicle but i did tell them that the other dealership discounted that vehicle $6000, so they told me, $2000 down at $639 a month, 39months 12k miles a year, to bring that number down, i would need to put $3000 down to get it to $620 a month, knocking it down $19, how does this sound? and for every thousand you put down how much should come of the monthly payment? thank you in advance

    About $26/mo.+tax on a 39 month lease

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  • harrymed38harrymed38 Member Posts: 38
    kyfdx said:

    Hey all would like some help here.....Do we have MF and residuals for July in MA? XC90 T6 Momentum: 24/10k, 36/10k and 39/10k. I made an order couple of months ago and the dealership said expect the arrival this months. Just want to be ready for any BS they through ....do you think the MF and residuals will change for the 2017 models? Any thoughts would be greatly appreciate

    Did you order a 2016 or 2017?
    They said all order are 2017
  • m_kothuri@yahoo.com[email protected] Member Posts: 44
    kyfdx said:
    ok so i got another offer on a more expensive model, priced MSRP at 59,325, dont know how much they are discounting the vehicle but i did tell them that the other dealership discounted that vehicle $6000, so they told me, $2000 down at $639 a month, 39months 12k miles a year, to bring that number down, i would need to put $3000 down to get it to $620 a month, knocking it down $19, how does this sound? and for every thousand you put down how much should come of the monthly payment? thank you in advance
    About $26/mo.+tax on a 39 month lease
    Hi,

    can you share the dealer info?? Thanks
  • m_kothuri@yahoo.com[email protected] Member Posts: 44
    edited July 2016
    ctor3527 said:
    ok so i got another offer on a more expensive model, priced MSRP at 59,325, dont know how much they are discounting the vehicle but i did tell them that the other dealership discounted that vehicle $6000, so they told me, $2000 down at $639 a month, 39months 12k miles a year, to bring that number down, i would need to put $3000 down to get it to $620 a month, knocking it down $19, how does this sound? and for every thousand you put down how much should come of the monthly payment? thank you in advance
    Can you share the dealer info??
  • m_kothuri@yahoo.com[email protected] Member Posts: 44
    My latest quote t6 momentum awd

    The Msrp is $57,440.00.  We are selling you this vehicle for $52,481.00.  The down payment DOES include your first months and all fees for both quotes.

    The money factor is 0.00069
    The Residual is .53%
    The Cap Cost is $1,403.06

    1.  $564.00 a month for 39 months with 10k per year with $5,000.00 out of pocket
    2.  $632.00 a month for 39  months with 10k per year with $2,500.00 out of pocket

    What do you think guys??
  • MichaellMichaell Moderator Posts: 218,140

    My latest quote t6 momentum awd

    The Msrp is $57,440.00.  We are selling you this vehicle for $52,481.00.  The down payment DOES include your first months and all fees for both quotes.

    The money factor is 0.00069
    The Residual is .53%
    The Cap Cost is $1,403.06

    1.  $564.00 a month for 39 months with 10k per year with $5,000.00 out of pocket
    2.  $632.00 a month for 39  months with 10k per year with $2,500.00 out of pocket

    What do you think guys??

    Assuming the selling price is the cap cost, I get $622/mo before tax with those numbers.

    I'd ask the dealer for the adjusted cap cost.

    What state and tax rate is this?

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  • m_kothuri@yahoo.com[email protected] Member Posts: 44
    NJ 
  • MichaellMichaell Moderator Posts: 218,140

    NJ 

    Still need to know the adjusted cap cost; NJ assesses tax against the sum of the payments and collects it up front. Are you paying it out of pocket or rolling it into the lease?

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  • m_kothuri@yahoo.com[email protected] Member Posts: 44
    Michaell said:
    NJ 
    Still need to know the adjusted cap cost; NJ assesses tax against the sum of the payments and collects it up front. Are you paying it out of pocket or rolling it into the lease?
    Here is the Breakdown of the $5,000.00.

    1st month's payment - $564.00
    Up front fees - $465.70
    Tax-  $1,877.61

    Total = $2,907.31

    Subtract $5,000.00

    Giving you a Cap Cost Reduction of $2,092.63

    Capcost went up from 1403 to 2092. I asked them why and was told that's a mistake. Residual is 56% not 53%. That's a mistake too from the dealer..
  • MichaellMichaell Moderator Posts: 218,140


    Michaell said:

    NJ 
    Still need to know the adjusted cap cost; NJ assesses tax against the sum of the payments and collects it up front. Are you paying it out of pocket or rolling it into the lease?

    Here is the Breakdown of the $5,000.00.

    1st month's payment - $564.00
    Up front fees - $465.70
    Tax-  $1,877.61

    Total = $2,907.31

    Subtract $5,000.00

    Giving you a Cap Cost Reduction of $2,092.63

    Capcost went up from 1403 to 2092. I asked them why and was told that's a mistake. Residual is 56% not 53%. That's a mistake too from the dealer..

    We advise against any sort of cap reduction up front; if the car is stolen or totaled, you lose that money.

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  • m_kothuri@yahoo.com[email protected] Member Posts: 44
    ctor3527 said:
    ok so i got another offer on a more expensive model, priced MSRP at 59,325, dont know how much they are discounting the vehicle but i did tell them that the other dealership discounted that vehicle $6000, so they told me, $2000 down at $639 a month, 39months 12k miles a year, to bring that number down, i would need to put $3000 down to get it to $620 a month, knocking it down $19, how does this sound? and for every thousand you put down how much should come of the monthly payment? thank you in advance
    My friend, can you share dealer info??
  • kyfdxkyfdx Moderator Posts: 216,065

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