2019 Volvo XC40 Lease Deals and Prices

Michaell

rdnn2jc said:

That doesn’t sound right. In states where the taxes are due up front, I would assume it would be on Sale Price - Residual Value, and not the full sale price. In states where taxes are paid monthly, like PA, we pay taxes based on the monthly payment. So if the monthly lease payment is 500 dollars, and the tax rate it 9%, the totally monthly payment would be $545/month. The leasing company manages the details. In a typical lease, that means we are paying taxes on the depreciation + financing cost (and anything else rolled into the deal). With Care by Volvo, we would be paying taxes on (depreciation + financing costs + insurance costs + maintenance costs... etc... everything included in the subscription). I glad personally glad we pay taxes monthly, even if we pay a bit more in the long run. Paying taxes up front seems like a big hit.

Several states - TX, VA, MD - tax the entire selling price, even for a lease. Makes leasing very expensive.

Two other states - GA and IL - recently changed their tax regulations to tax the sum of the payments instead of the entire selling price. This is the practice in states like NY, NJ, OH and MN. You can add the tax amount to the cap cost, but then you're paying interest on those taxes.

Most states tax the monthly payment as you go - PA and CO (where I live) are two examples.

Then there are the states without sales tax - OR and NH, I'm told.

atticu5

Michaell said:

rdnn2jc said:

I also agree that the Care by Volvo program is overpriced. I especially don't like that the taxed amount (which is 11% here in Philly), is for the entire monthly subscription amount | 700*0.11= 77/mo in taxes. Alternatively, if I lease, I would be paying taxes on about 520/mo + taxes. | 520*0.11~57/mo in taxes. Also, I wanted the lava orange carpets, which you cannot get under Care by Volvo. In the Philadelphia area, dealers seem to have enough demand that they are asking for MSRP. I was originally quoted 591/mo incl. taxes, tags & fees (36/12, zero down, 45935 sale price) but that was with the residuals and MF's from March. I don't sit down to sign the papers until next week (when the vehicle gets in), so I still have time to negotiate and ensure the deal is okay. Did either the MF or residuals change from last month? Given 0.00007 MF and 61% residual, I'm estimating the payment should be closer to 572-575/mo. including 11% taxes. Any thoughts?

I was looking into the subscription in Texas and the dealers dont want to answer anything abiut taxes. Ine told me I would have to pay tax in full msrp....how can that be?!

Texas taxes 100% of the selling price, even on a lease. Discourages leasing, in most cases, and I suspect it would also greatly increase the subscription amount.

Yes, around 120 bucks on the R design subscription. Crazy.

atticu5

rdnn2jc said:

That doesn’t sound right. In states where the taxes are due up front, I would assume it would be on Sale Price - Residual Value, and not the full sale price. In states where taxes are paid monthly, like PA, we pay taxes based on the monthly payment. So if the monthly lease payment is 500 dollars, and the tax rate it 9%, the totally monthly payment would be $545/month. The leasing company manages the details. In a typical lease, that means we are paying taxes on the depreciation + financing cost (and anything else rolled into the deal). With Care by Volvo, we would be paying taxes on (depreciation + financing costs + insurance costs + maintenance costs... etc... everything included in the subscription). I glad personally glad we pay taxes monthly, even if we pay a bit more in the long run. Paying taxes up front seems like a big hit.

It is. I had a couple of leases when I was living in Ny a while back and they taxed the monthly payment. Would be better but all dealers here in the area dont even want to listen when I ask about the Subscription. Some dont even know.

atticu5

So based on my tax talks with some of the dealers, one of them just offered me a lease price instead of answering anything on the Subscription. 

I think theres still room to play in these numbers but here are the details:
XC40 R design 36 month lease 15k miles

MSRP = 45,835
Selling Price = 45,835
Goverment Fees = 195.25
Proc/Doc fees = 150
Acce = 375
Capitalized Taxes = 2,888.13
Acq Fee = 695
Gross capitalized cost = 49,943.13

696 a month with first payment down
652 a month with 2,500 down
578 a month with 5,000 down

Personally, not a fan of giving much down (or anything) for a lease, but still think the numbers are high looking at other lease deals for this. Looking at the residual value at 59%, payment should be around 580 without anything down, unless they are marking up thr MF, but I'm not a big expert on this.

Let me know whoever has any thoughts in the offer.

Thanks in advance!

jalwaaa

RV and MF for Volvo XC40 Momentum T5 in Texas?
I am looking for 10k miles and a 36 month lease.

kyfdx

atticu5 said:

So based on my tax talks with some of the dealers, one of them just offered me a lease price instead of answering anything on the Subscription. 

I think theres still room to play in these numbers but here are the details:
XC40 R design 36 month lease 15k miles

MSRP = 45,835
Selling Price = 45,835
Goverment Fees = 195.25
Proc/Doc fees = 150
Acce = 375
Capitalized Taxes = 2,888.13
Acq Fee = 695
Gross capitalized cost = 49,943.13

696 a month with first payment down
652 a month with 2,500 down
578 a month with 5,000 down

Personally, not a fan of giving much down (or anything) for a lease, but still think the numbers are high looking at other lease deals for this. Looking at the residual value at 59%, payment should be around 580 without anything down, unless they are marking up thr MF, but I'm not a big expert on this.

Let me know whoever has any thoughts in the offer.

Thanks in advance!

$641/mo. with those numbers.

Expecting a lease deal on a vehicle that they won't discount at all? A waste of your time.

kyfdx

jalwaaa said:

RV and MF for Volvo XC40 Momentum T5 in Texas?
I am looking for 10k miles and a 36 month lease.

.00047 MF and 64% residual

jalwaaa

Thank you, also could i please get the RV & MF for Volvo XC40 Momentum T4 & R-design T4 in Texas?
Looking at 10k miles and a 36 month lease

kyfdx

jalwaaa said:

Thank you, also could i please get the RV & MF for Volvo XC40 Momentum T4 & R-design T4 in Texas?
Looking at 10k miles and a 36 month lease

MOM: .00015 MF and 62% residual
RDES: .00027 MF and 63% residual

davidr__

Hi, can I please get the RV & MF for Volvo XC40 Momentum AWD in GA
Looking at 15k miles for 24 months/ 36 months

jalwaaa

Are T4's available to order? none of the dealerships in my area are allowing me to order a T4

Michaell

davidr__ said:

Hi, can I please get the RV & MF for Volvo XC40 Momentum AWD in GA
Looking at 15k miles for 24 months/ 36 months

T4 or T5?

Michaell

jalwaaa said:

Are T4's available to order? none of the dealerships in my area are allowing me to order a T4

I don't see why not, but your dealer would know for sure.

kyfdx

Only T5s for now, from what other members report

jalwaaa

RV and MF for Volvo XC40 R-Design T5 in Texas?
I am looking for 10k miles and a 36 month lease.

Michaell

jalwaaa said:

RV and MF for Volvo XC40 R-Design T5 in Texas?
I am looking for 10k miles and a 36 month lease.

.00007 and 62%

jayjay2789

RV and MF for Volvo XC40 R-Design T5 in 90404 and 94103?
Looking for 10k/36

kyfdx

jayjay2789 said:

RV and MF for Volvo XC40 R-Design T5 in 90404 and 94103?
Looking for 10k/36

.00007 MF and 62% residual

davidr__

T5! Thats all thats on the lot right now.

Michaell said:

davidr__ said:

Hi, can I please get the RV & MF for Volvo XC40 Momentum AWD in GA
Looking at 15k miles for 24 months/ 36 months

T4 or T5?

Michaell

davidr__ said:

T5! Thats all thats on the lot right now.

Michaell said:

davidr__ said:

Hi, can I please get the RV & MF for Volvo XC40 Momentum AWD in GA
Looking at 15k miles for 24 months/ 36 months

T4 or T5?

.00047 and 63% / 61%

lindamarieh

Hi, I've asked about the XC60 on the other thread (thank you), but can you also quote the MF and RV for the XC40 T5 Momentum and R-Design? 36 month / 12K miles. Los Angeles CA area. Trying to compare vs Care By Volvo...

Michaell

lindamarieh said:

Hi, I've asked about the XC60 on the other thread (thank you), but can you also quote the MF and RV for the XC40 T5 Momentum and R-Design? 36 month / 12K miles. Los Angeles CA area. Trying to compare vs Care By Volvo...

MOM - .00047 and 63%
RDES - .00007 and 61%

sparkland

flightnurse said:

zacmatic said:

Has RV or MF changed for April?
I think the idea of an all-inclusive subscription service is great, and I would like to see more automakers offer one, or at least offer insurance bundles and maintenance bundles. That said, the current Care by Volvo options aren't appealing to me for the following reasons:

1) The Momentum in the subscription doesn't include all the options I want, and I much prefer the leather seats in the Momentum to the R-Design's leather/cloth combo.

2) $600 + tax is too much per month/not competitive with separate maintenance and insurance. I think it might make sense if insurance is very expensive for you and you don't want to put any money down. My target monthly payment for a 10K/36 month lease is $350-$375 (after tax). I will have to put down $1500-$3000 depending on the sale price, but that's doable for me. The first three 10K maintenance intervals are included with this car, so there's effectively no maintenance cost during the lease. My girlfriend and I are on a two car insurance policy and we pay the full premium upfront instead of monthly. The XC40 with $1000 deductibles would cost us $398, or about $66 per month averaged out. Volvo leases include GAP insurance, so I save about $26 per term not buying that from my insurance company.

For me, Care by Volvo would cost at least $5000 more over a 3 year period. Granted I could swap out the car two times and drive more miles, but neither of those things are important to me.

Thanks for replying, why are you putting money down on a lease, the golden rule is ZERO down except for fee's. If you are doing it to keep your payments low then leasing an expensive car might not be for you. Keep the downpayment, and use that money to help pay for your payments but don't give it to Volvo.

I like this idea that Volvo has but I think the monthly is too high. Now if I was a 25 yr old then this might be a good way of getting a lower total price (which includes insurance.) But for a household that has more then 1 car, not a smart move, UNLESS Liberty Mutual has a way of giving you a discount if you change policy.

Is it even advisable to have 2 cars in the same household insured by two different carriers? It seems overly complicated in the case of an accident. Would both companies raise your insurance rates in that case?

Is Volvo Care unlimited mileage or is there a limit?

Michaell

sparkland said:

flightnurse said:

zacmatic said:

Has RV or MF changed for April?
I think the idea of an all-inclusive subscription service is great, and I would like to see more automakers offer one, or at least offer insurance bundles and maintenance bundles. That said, the current Care by Volvo options aren't appealing to me for the following reasons:

1) The Momentum in the subscription doesn't include all the options I want, and I much prefer the leather seats in the Momentum to the R-Design's leather/cloth combo.

2) $600 + tax is too much per month/not competitive with separate maintenance and insurance. I think it might make sense if insurance is very expensive for you and you don't want to put any money down. My target monthly payment for a 10K/36 month lease is $350-$375 (after tax). I will have to put down $1500-$3000 depending on the sale price, but that's doable for me. The first three 10K maintenance intervals are included with this car, so there's effectively no maintenance cost during the lease. My girlfriend and I are on a two car insurance policy and we pay the full premium upfront instead of monthly. The XC40 with $1000 deductibles would cost us $398, or about $66 per month averaged out. Volvo leases include GAP insurance, so I save about $26 per term not buying that from my insurance company.

For me, Care by Volvo would cost at least $5000 more over a 3 year period. Granted I could swap out the car two times and drive more miles, but neither of those things are important to me.

Thanks for replying, why are you putting money down on a lease, the golden rule is ZERO down except for fee's. If you are doing it to keep your payments low then leasing an expensive car might not be for you. Keep the downpayment, and use that money to help pay for your payments but don't give it to Volvo.

I like this idea that Volvo has but I think the monthly is too high. Now if I was a 25 yr old then this might be a good way of getting a lower total price (which includes insurance.) But for a household that has more then 1 car, not a smart move, UNLESS Liberty Mutual has a way of giving you a discount if you change policy.

Is it even advisable to have 2 cars in the same household insured by two different carriers? It seems overly complicated in the case of an accident. Would both companies raise your insurance rates in that case?

Is Volvo Care unlimited mileage or is there a limit?

Here is the link for more information.

kyfdx

@sparkland Is it even advisable to have 2 cars in the same household insured by two different carriers? It seems overly complicated in the case of an accident. Would both companies raise your insurance rates in that case?

That would be my biggest issue, other than the cost.

andrewscott87

Hello. Could you please provide the MF and RV for the XC40 T5 Momentum and the R-Design on a 36 month / 12K miles lease in the Chicago/Northwest Indiana area?

Thanks

kyfdx

andrewscott87 said:

Hello. Could you please provide the MF and RV for the XC40 T5 Momentum and the R-Design on a 36 month / 12K miles lease in the Chicago/Northwest Indiana area?

Thanks

MOM: .00047 MF and 63% residual
RDES: .00007 MF and 61% residual

golfer6969

Looking for the MF and RV on T5 Momentum and R-Design AWD for 36/10k in zip code 04401

Thanks!

Michaell

golfer6969 said:

Looking for the MF and RV on T5 Momentum and R-Design AWD for 36/10k in zip code 04401

Thanks!

MOM: .00047 MF and 64% residual
RDES: .00007 MF and 62% residual

jackal2001

Looking for MF and RV on T5 R-Design awd for 36/12k in zip 18017.  Thank you. 

kyfdx

jackal2001 said:

Looking for MF and RV on T5 R-Design awd for 36/12k in zip 18017.  Thank you. 

.00007 MF and 61% residual

jiminewlan

Hello,

May I please get the MF and RV on T5 Momentum and R-Design AWD for 36/12k in zip 87123. Thank you.

kyfdx

jiminewlan said:

Hello,

May I please get the MF and RV on T5 Momentum and R-Design AWD for 36/12k in zip 87123. Thank you.

MOM: .00047 MF and 63% residual
RDES: .00007 MF and 59% residual

uprocessed

2019 XC40 T5 AWD R-Design
36/10
Zip: 22204 (Arlington, Virginia)
MSRP: $46,000
Money Down: First months payment + fees

What should I expect my monthly lease payment to look like? (the 4.15% VA sales tax on the entire sales price will be spread out over the monthly lease payments)

Michaell

uprocessed said:

2019 XC40 T5 AWD R-Design
36/10
Zip: 22204 (Arlington, Virginia)
MSRP: $46,000
Money Down: First months payment + fees

What should I expect my monthly lease payment to look like? (the 4.15% VA sales tax on the entire sales price will be spread out over the monthly lease payments)

.00007 and 60%

Need to know the selling price or adjusted cap cost to calculate a payment.

uprocessed

The selling price is $46,000

Thank you!

Michaell said:

uprocessed said:

2019 XC40 T5 AWD R-Design
36/10
Zip: 22204 (Arlington, Virginia)
MSRP: $46,000
Money Down: First months payment + fees

What should I expect my monthly lease payment to look like? (the 4.15% VA sales tax on the entire sales price will be spread out over the monthly lease payments)

.00007 and 60%

Need to know the selling price or adjusted cap cost to calculate a payment.

Michaell

uprocessed said:

The selling price is $46,000

Thank you!

Michaell said:

uprocessed said:

2019 XC40 T5 AWD R-Design
36/10
Zip: 22204 (Arlington, Virginia)
MSRP: $46,000
Money Down: First months payment + fees

What should I expect my monthly lease payment to look like? (the 4.15% VA sales tax on the entire sales price will be spread out over the monthly lease payments)

.00007 and 60%

Need to know the selling price or adjusted cap cost to calculate a payment.

No discount at all? Ouch.

$516/mo, assuming all taxes and fees are paid up front.

uprocessed

Haven't been able to get any dealer to give a discount off MSRP, guessing $500-$1000 is the very best one can expect?

One dealer gave me a $655 quote for 10k/36mo lease including taxes and feed.

The taxes in VA would account for $52/month but confused as to why it's still so much higher than your estimate, even with taxes factored in!

Michaell said:

uprocessed said:

The selling price is $46,000

Thank you!

Michaell said:

uprocessed said:

2019 XC40 T5 AWD R-Design
36/10
Zip: 22204 (Arlington, Virginia)
MSRP: $46,000
Money Down: First months payment + fees

What should I expect my monthly lease payment to look like? (the 4.15% VA sales tax on the entire sales price will be spread out over the monthly lease payments)

.00007 and 60%

Need to know the selling price or adjusted cap cost to calculate a payment.

No discount at all? Ouch.

$516/mo, assuming all taxes and fees are paid up front.

kyfdx

@uprocessed

Dealer fees, acquisition fee, marked up money factor.. $95/mo isn't that hard to come up with, if they are trying to hit a home run.

uprocessed

One dealer also gave me a money factor of .00132 for the R-Design!

kyfdx said:

@uprocessed

Dealer fees, acquisition fee, marked up money factor.. $95/mo isn't that hard to come up with, if they are trying to hit a home run.

kyfdx

uprocessed said:

One dealer also gave me a money factor of .00132 for the R-Design!

kyfdx said:

@uprocessed

Dealer fees, acquisition fee, marked up money factor.. $95/mo isn't that hard to come up with, if they are trying to hit a home run.

Exactly my point

uprocessed

Is it easy to get them to lower their money factor if they're marking it up? I'd probably fall into tier 2 credit (borderline 700 score, perfect payment history).

kyfdx said:

uprocessed said:

One dealer also gave me a money factor of .00132 for the R-Design!

kyfdx said:

@uprocessed

Dealer fees, acquisition fee, marked up money factor.. $95/mo isn't that hard to come up with, if they are trying to hit a home run.

Exactly my point

kyfdx

uprocessed said:

Is it easy to get them to lower their money factor if they're marking it up? I'd probably fall into tier 2 credit (borderline 700 score, perfect payment history).

kyfdx said:

uprocessed said:

One dealer also gave me a money factor of .00132 for the R-Design!

kyfdx said:

@uprocessed

Dealer fees, acquisition fee, marked up money factor.. $95/mo isn't that hard to come up with, if they are trying to hit a home run.

Exactly my point

On a new model that they are asking MSRP?
No, it won't be easy

uprocessed

Also just discovered the same Volvo dealer who "generously" offered me $500 off is also trying to double charge me destination. Now the jacked up money factor makes perfect sense.

kyfdx said:

uprocessed said:

Is it easy to get them to lower their money factor if they're marking it up? I'd probably fall into tier 2 credit (borderline 700 score, perfect payment history).

kyfdx said:

uprocessed said:

One dealer also gave me a money factor of .00132 for the R-Design!

kyfdx said:

@uprocessed

Dealer fees, acquisition fee, marked up money factor.. $95/mo isn't that hard to come up with, if they are trying to hit a home run.

Exactly my point

On a new model that they are asking MSRP?
No, it won't be easy

Michaell

uprocessed said:

Also just discovered the same Volvo dealer who "generously" offered me $500 off is also trying to double charge me destination. Now the jacked up money factor makes perfect sense.

kyfdx said:

uprocessed said:

Is it easy to get them to lower their money factor if they're marking it up? I'd probably fall into tier 2 credit (borderline 700 score, perfect payment history).

kyfdx said:

uprocessed said:

One dealer also gave me a money factor of .00132 for the R-Design!

kyfdx said:

@uprocessed

Dealer fees, acquisition fee, marked up money factor.. $95/mo isn't that hard to come up with, if they are trying to hit a home run.

Exactly my point

On a new model that they are asking MSRP?
No, it won't be easy

Again, dealer is trying to hit a 'home run'.

zgroten

Hey!

Would you please share with me the MF, RV and any incentives for 2019 XC40 T5 AWD R-Design for the following?

ZIP: 11743 (Suffolk County, NY)

36mo/15K
39mo/15K

Thanks!

Michaell

zgroten said:

Hey!

Would you please share with me the MF, RV and any incentives for 2019 XC40 T5 AWD R-Design for the following?

ZIP: 11743 (Suffolk County, NY)

36mo/15K
39mo/15K

Thanks!

.00007 and 59% / 55%

uprocessed

A different dealer quoted me for a MF of .00097 for the R-Design.

Should I just take it or ask them to lower it?

kyfdx said:

uprocessed said:

One dealer also gave me a money factor of .00132 for the R-Design!

kyfdx said:

@uprocessed

Dealer fees, acquisition fee, marked up money factor.. $95/mo isn't that hard to come up with, if they are trying to hit a home run.

Exactly my point

Michaell

uprocessed said:

A different dealer quoted me for a MF of .00097 for the R-Design.

Should I just take it or ask them to lower it?

kyfdx said:

uprocessed said:

One dealer also gave me a money factor of .00132 for the R-Design!

kyfdx said:

@uprocessed

Dealer fees, acquisition fee, marked up money factor.. $95/mo isn't that hard to come up with, if they are trying to hit a home run.

Exactly my point

Ultimately, that's up to you.

Me, I'd push for the base MF.

Or find a different vehicle where the dealers are more accommodating.

goodtimes10

2019 XC40 Momentum MF & RV in Tampa FL
36/ 20k 
MSRP 40,850