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Looking for 2018 Volvo XC90 T5 AWD 36mo/12k miles lease.. new to leasing

new2leasing4new2leasing4 Posts: 3
edited May 2018 in Volvo
I have seen some money factors, residuals, etc... what should I expect in each category in Chicago?
1- Money Factor
2-Residual
3- purchase price?

Also - I have seen some posts where people say $2000 Volvo cash.. what does that mean and how is it applied in a lease? is there anything avail for what I am looking for right now? Thank you!!

Best Answers

  • kyfdxkyfdx Posts: 117,500
    Accepted Answer

    I have seen some money factors, residuals, etc... what should I expect in each category in Chicago?
    1- Money Factor
    2-Residual
    3- purchase price?

    Also - I have seen some posts where people say $2000 Volvo cash.. what does that mean and how is it applied in a lease? is there anything avail for what I am looking for right now? Thank you!!

    .00113 MF
    56%/57% residual for 2row/3row seating
    We don't track pricing

    The $2000 Volvo Allowance is a Volvo-to-dealer incentive. It won't be "applied". But, you should consider it, when negotiating your sale price.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • kyfdxkyfdx Posts: 117,500
    Accepted Answer

    When you quote MF/residuals on 36 month/12k miles do you then pay extra for the additional miles as well or is that built into the residual?

    The residual is specific to that term and mileage allowance. If you go over that allowance, you'll pay a penalty per mile.

    You can contract for 36/15, but the residual will drop by 2%

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

Answers

  • So the Volvo dealer near me told me the "buy rate" on the money factor was .00113, "sale rate" was .00133... so which one am i holding them to for a lease? also they quoted acquisition fee of $995 (is this padded by $300?) and quoted me a lease price that for instance was with 2000 down and 1st month payment... is that standard in a lease to have the downpayment & a 1st month payment? thanks!
  • syed_kazmisyed_kazmi Posts: 26
    What is the current MF, residual, allowance for dallas TX 75068 on 2018 Volvo XC90 T5 AWD 36mo/12k
  • kyfdxkyfdx Posts: 117,500

    What is the current MF, residual, allowance for dallas TX 75068 on 2018 Volvo XC90 T5 AWD 36mo/12k

    5 passenger or 7 passenger?

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • syed_kazmisyed_kazmi Posts: 26
    kyfdx said:

    What is the current MF, residual, allowance for dallas TX 75068 on 2018 Volvo XC90 T5 AWD 36mo/12k

    5 passenger or 7 passenger?
    7
  • kyfdxkyfdx Posts: 117,500

    kyfdx said:

    What is the current MF, residual, allowance for dallas TX 75068 on 2018 Volvo XC90 T5 AWD 36mo/12k

    5 passenger or 7 passenger?
    7
    .00113 MF and 57% residual
    $2000 Volvo Allowance

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • When you quote MF/residuals on 36 month/12k miles do you then pay extra for the additional miles as well or is that built into the residual?
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