Volvo XC70 Lease Questions
CarMan@Edmunds
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Hi everyone. Please use the following discussion to post any questions that you have about leasing a Volvo XC70. Thanks.
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I am hoping to get the sept residuals and money factors of 2005 xc70 3 years 15K a year
Thanks KA
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Thanks
Just got a lease quote on a 2006 XC70 with Premium Package & Climage Package
MSRP $40,500
Initial Cap Cost $28,102 (A-Plan price)
Adjusted Cap Cost $28,102
12K miles per year
Residual $14,985
Interest 0.0025%
42-month Term
$420.03 Monthly payment
Total due at signing $2,125
Is this a good deal for A-Plan pricing? I am in the Burlington, VT area. Brand new to this forum and Volvo in general. Any help is much appreciated!!
CAN YOU LET ME KNOW THE RESIDUAL VALUE, MONEY FACTOR AND
ANY INCENTIVES.
THANKS
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Here are the details:
MSRP - $40,785
August Program Cap Cost - $30,220
36 months
15,000 miles per year
Residual - $16,985
$0 down
$0 sec dep
$1,809.04 in drive off(including first month payment)
$484 per month including taxes
This seems like a good deal to me, and when I went to another dealer they couldn't come close to it and seemed genuinely confused.
Any feedback would be helpful.
Thanks
2) Check out the news paper, there is a 24 month lease - $359 a month with
$370 - Security Deposit
$795 - Bank fee
$359 - First month
Plus add in taxes.
Here are the details:
1)24 month lease
2)$33,654 Cap cost
3)12K miles/yr
4)$412/month + tax + excise
5)$2,211 up front w/ 0 security deposit
6)$24,853 Residual value
My eyes are starting to glaze over w/ all the numbers. I should also note they will to give me $10,500 as a trade in on a 2001 XC V70 w/ 78k and the transmission needs replacing.
Thanks!
2007 XC70, premiun package, climate package, convenience package, metallic paint, sticker $42,855.
* 24 month lease
* $0 down
* 10,500 miles/yr
* $338/month (including VCF leasse loyalty $500)
* $1748 total up front
* sweet
That is a sweet deal. Can you tell me the name of the dealership? Was the upfront payment for 1st month, security deposit, bank leasing fee, and tags & registration?
Thanks and good luck with your car.
$1748 total at signing was:
* first month
* bank fee
* tax
* registration
* no security deposit as returning VCF customer
* no cap cost down
I received the following quote,
339 per month for 24months. MSRP is $41,260 Purchase price is 36,000.
WHat is the residual value and money factor. WHen I put it into the Calculator my number is higher.
Due at signing - bank - 795, first month and security.
Volvo Finance's lease acquisition fee is currently only $595. It appears as though the dealer that you are working with is trying to mark this fee up a couple hundred dollars to add additional hidden back-end profit to your deal. Make sure to insist upon the base fee.
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2007 70XC $43,000 Price
48 Month
15k per year
2700 down
$546.00 Per month
Any Ideas?
Thanks
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THE MSRP was 42,855
Purchase Price was $36,000 (includes a $3000) rebate
Money Factor .00001
Residual 65%
Do not know if this special is still in place
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here is what I know so far,,
MSRP 42,930
Cap Cost = 32,921
residuals are 46% at 36 months, no cash down payment = 497/mo + taxes
36% at 48 months, no cash down payment = 470/mo + taxes
I think the money factor is .00225,
This even with a early buy out penalty sounds better than I can get "X" plan, depending on what I put down, the penalty looks like this:
$395 + 3 x monthly payment and it's yours,
I also assume those are low mileage / yr factors, which are fine, since I don't drive more than 10K/year.
I suspect they are combining the MFG to DEALER $5,000 with something from the bank (Wells Fargo) as this is NOT volvo leasing. Sounds like about $11,200 off of MSRP.
thoughts?
Doc
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I'm being offered the 9K discount off MSRP as well with a Wells Fargo lease at 48 months, 12,000 miles per year .00249 money and 36% residual. MSRP is 45,159, initial cap cost 34,767.68 -- the dealer is raising the MSRP via the options packages to increase the residual at the end, which Wells Fargo allows. I think I understand that, but wanted to check with you if that made sense.
Complicated the deal, I'm ending an upside down lease on a v70 early with a trade-in and paying 4K down with a cash cap reduction of $2,998.86 for an adjusted cap cost of 32,563.82. That all comes down to 457.73 base payment with a use tax of 41.62 and a monthly payment of 498.99.
I think it make sense and gets me out of the v70, into nearly twice the car, with a much better equity position -- plz advise if that makes sense to you.
I'm looking to trade in my 2001 V70 and to lease a 2007 XC70. I'm wondering if anyone knows what dealer/buyer incentives are currently in place and what residual value % and money factor would apply for a 36 or 48 month lease, 12k annual miles. Is the $5000 dealer incentive mentioned back in October still in effect? Any loyalty perks? Thanks!
My drive off is 5,000 with payments of 367 per month for 36 months. The Residual is 18851. OK deal?
Thanks.
Bob
-Laurawiz
Let's take a look at the price that you were quoted for this vehicle. A base 2007 Volvo XC70 has a spread of $2,150 between its full MSRP and dealer invoice price. On top of that there is $2,250 lease cash on this model right now. That gives us a total of $4,400 to play with. You were quoted a discount of $4,000 on the specific vehicle that you are interested in. This looks like a good price to me. Make sure that the dealer you are working with uses Volvo Finance's 36 month buy rate lease money factor of .00116 to calculate your monthly payment and you're in business.
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2007 XC70 prem and comfort packeges
MSRP 43,659
Cost 34,658
Net 37,579
residual 18,773
money .00214
12k miles
zero down = 483
1000 down = 451
tax inc
Do you think I'm close, I wonder if the 2008 XC70 press release will put more pressure on dealers to move 07's.
PS. this is a great resource.
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Good luck and let me know if you have any other questions.
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We are interested in purchasing an XC70 here in Florida. The Edmund's website lists marketing support of $5000 on this vehicle. There is no mention of the other lease incentives on Edmund's or on the Volvo site. Are these still active? If so, this would total $9500 in savings before the cap cost is even negotiated, correct? How does the marketing support amount fit into the picture?
Thanks in advance for your response .
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Do you know when the $9,500 cash incentive on leases through an independent bank expires on the XC70? Thanks.
thanks
I've been shopping for a V70, but there are very few in the Seattle area. XC70s seem to outnumber them 20 to 1, and most of the dealers seem overstocked with them and are willing to deal. So even though I don't need all wheel drive, it looks like I'll be getting an XC70.
I'm look at leasing a premium 2007 XC70. The deal is:
Cap: $29,200
$2100 due at signing (applied to 1st month payment)
All fees waived: deposit, cap cost reduction, taxes, ect)
12K miles a year
Payments $379 a month.
Sounds like a good deal, especially if they'll lower the cap cost a few K.
Car_man and company what do you think? What are the current Volvo incentives?
BTW, they say that "All leases exclude tax with the option to purchase at the end of term." Every lease I've seen has tax worked into the monthly payment. How can they exclude it?
Is it a 36 month lease? What is the residual on the car and a breakdown on the due at signing amount ($2100)?
Thank you.
The $2100 covers all the fees:
License fee: $185
Doc Fee: $35
Cap cost reduction: ?
First month payment: $411
I also found out that they monthly payments don't include tax, so you'd actually be paying $414 a month, not $379
Still a pretty good deal. If you calculate the cost to buy at the end of the lease it comes to: $37,04
36 payments of $414: $14,904
Down payment: $2,100
Residual: $20,000
Total: $37,04 (did I miss something?)
If you bought a new XC you'd be paying around $39-43. Seems like a good deal to lease/buy.
2007 XC70 with climate, convenience, and premium packages
Term: 36 months
MSRP: 42,950
Cap: 30,950
Residual: 18,039
Down: 900 (includes 1st payment and all fees)
Monthly payment: $517 (includes tax)
Miles: 12000
This seems to be the best I can get....looks like a good deal. If I buy the car after the lease is up I've paid
$37,551. This same car would cost $42K if you flat out bought it.
What do people think?
One dealer told me the lease incentives are so good right now that people are leasing cars and then just breaking the lease a few months later and buying the car. The penalty is often only $1800. So you still get a good deal...
Here's what I got:
XC70 with climate, convenience, and premium packages. Also had the air quality option and is wired for a sirius radio and an ipod. They also threw in a free 36 month service package and cross bars for the roof rails.
Term: 36 months
MSRP: 43,950
Cap: 31,250
Residual: 18,149
Down: 750 (includes 1st payment and all fees)
Monthly payment: $510(includes tax)
Miles: 15000
I'll probably buy the car at the end of the lease. Comes to $37,259. They also hit you with a $500 if you buy it at the end. But I should be able to negotiate the residual price down quite a bit. Could come out a few thousand lower in the end.
This was the best deal of 6 dealers....required a massive amount of haggling. The dealer claims that he made almost nothing. Not sure I believe that, but it does seem fairly competitive.
Overall, a pretty good deal for a new XC. I'd like to know what sort of deals other people got
I paid for 15K miles/year for a total of 48785. However, I will likely end the lease 20-22K UNDER that. I don't know that it means much more than I overpaid/overestimated my use, but it makes me wonder if I should consider buying the car at the end of the lease and reselling it with it's low miles. My purchase option is 22082.50 (including the $500 charge)
My 04 XC Came with the premium package, the Audiomax package, Xenon, Booster seats.
Gross Capitlaized 35468.26
-Capitalized cost reduction--paid up front (3016)
= Adjusted Cap. Cost = 32452.76
-Residual value: 21582.50
=Depreciation/amortized amounts: 10870.26
+ Rent Charge: 4783.74
=Total base of monthly payments: 15654.00
x 39 months with $11.64 sales tax = $413.02
At the end of the lease I will have paid $19615.74
I'm interested in the V50 this time around, but not likely the 2008 XC or a 2007 XC. But I"m also checking out the Mazda CX7, The Audi a4 wagon, and maybe the BMW 325ix wagon. It's been a fantastic car for me!