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Questions on lease numbers I'm getting on a 2018 Volvo xc90?

nolagirl2nolagirl2 Posts: 5
edited February 2018 in Volvo
Hello,

I am in the middle of negotiating a lease on a 2018 xc90 Inscription in New Orleans, LA. Terms are 39/10,000. Can someone please tell me the lowest MF I can get right now? Dealer is offering .00138. Can I get any lower if I have a credit score or 844? Also they are quoting residual at 52%. What is the difference between a 36 month lease, which is what I wanted, and a 39 month lease, which they are slightly pushing? I don’t mind the extra 3 months if it makes things work to my advantage. Thank you in advance.

Comments

  • kyfdxkyfdx Posts: 104,425
    nolagirl2 said:

    Hello,

    I am in the middle of negotiating a lease on a 2018 xc90 Inscription in New Orleans, LA. Terms are 39/10,000. Can someone please tell me the lowest MF I can get right now? Dealer is offering .00138. Can I get any lower if I have a credit score or 844? Also they are quoting residual at 52%. What is the difference between a 36 month lease, which is what I wanted, and a 39 month lease, which they are slightly pushing? I don’t mind the extra 3 months if it makes things work to my advantage. Thank you in advance.

    .00108 MF and 55%/53% residual for 36/39 mo, 10K/yr
    52% would be 39/12.
    $2500 Volvo Allowance

    They are marking up your money factor.
    Residuals can't be altered. We would have to assume they just quoted it incorrectly.

    The 39 month term saves about $20/mo. on the payment.

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    Edmunds Moderator

  • Thank you so kindly. I appreciate your help.
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