2018 Volvo XC 60 T6 R-Design

luvlongdrives

Hi all,

I'm planning to lease 2018 Volvo XC 60 T6 R-Design for 3 years and wants to buy the car at the end if evrything is ok.

MSRP 60,670

After Discount 56,000

Dealer final lease quote $635 with $4k down (Registration + tax + doc fee etc) for 12k miles / 39 months.

Could someone give me residual value and Money Factor please?!

Zip code : 07604

P.S. I'm looking for $500 lease with 4k down or 600/month with 15K miles, is that too much to ask?!


My auto loan was pre-approved for 2.90% interest / 60 months. I will prefer lease right now to havae some financial flexibility.



Any help and insight would be appreciated!


P.S. I was thinking, if i buy car at the end of lease, i can negotiate the residual value and save some money on interest by financing car for 2 or 3 years depends on the financial situation at that time. Worst case scenario returning the car at the end of lease, I would hate to do that. Sorry for any grammatical errors.


I look forward to hearing from you guys. Thank You!

kyfdx

luvlongdrives said:

Hi all,

I'm planning to lease 2018 Volvo XC 60 T6 R-Design for 3 years and wants to buy the car at the end if evrything is ok.

MSRP 60,670

After Discount 56,000

Dealer final lease quote $635 with $4k down (Registration + tax + doc fee etc) for 12k miles / 39 months.

Could someone give me residual value and Money Factor please?!

Zip code : 07604

P.S. I'm looking for $500 lease with 4k down or 600/month with 15K miles, is that too much to ask?!


My auto loan was pre-approved for 2.90% interest / 60 months. I will prefer lease right now to havae some financial flexibility.



Any help and insight would be appreciated!


P.S. I was thinking, if i buy car at the end of lease, i can negotiate the residual value and save some money on interest by financing car for 2 or 3 years depends on the financial situation at that time. Worst case scenario returning the car at the end of lease, I would hate to do that. Sorry for any grammatical errors.


I look forward to hearing from you guys. Thank You!

.00044 MF and 54% residual
$4000 seems like a lot for tax, acquisition, dealer/DMV fees and first payment. I'm always wary of round numbers upfront. Ask for a breakdown.
If the charges are all legitimate, then the payment is correct.

You likely won't be able to negotiate the residual at lease end.
Also, at that point, you will be financing a used vehicle. Banks generally do not offer favorable terms for financing the off-lease vehicles for their lessees.

Nothing wrong with leasing, but if your intention is to own the vehicle, it's better to do that from the start.