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

new2leasing4new2leasing4 Posts: 3
edited May 9 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: 80,152
    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.

    MODERATOR

    Prices Paid, Lease Questions, SUVs

  • kyfdxkyfdx Posts: 80,152
    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%

    MODERATOR

    Prices Paid, Lease Questions, SUVs

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