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XC60 T8 Inscription in Los Angeles

911rs911rs Los AngelesPosts: 11
edited May 18 in Volvo
Hello, I am about to lease a XC60 T8 Inscription.
Can you tell me how the $5002 Manufacturer's rebate works? I believe it is applied to the CAP COST on the car, but I am not sure. (Apparently, rebate only applies to leases at leases?)

Also, for 36/month, 10K miles/yr can you tell me residual and money factor please?

Thanks so much, always incredibly valuable info here!!

All the best!

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Comments

  • kyfdxkyfdx Posts: 86,311
    Yes, it's a consumer rebate that is applied as a CAP cost reduction.

    .00065 MF and 49% residual
    $1000 XC60 Allowance
    $5002 non-cash credit

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  • 911rs911rs Los AngelesPosts: 11
    Great info, THANKS AGAIN!

    All the best!

  • galacticagalactica Posts: 3
    I am looking at the Volvo XC60 Inscription T8 eAWD Plug-in Hybrid in Los Angeles.

    I am undecided between the R-design and Transcription. Could you please give current info for both?

    Thanks!
  • MichaellMichaell ColoradoPosts: 78,097
    galactica said:

    I am looking at the Volvo XC60 Inscription T8 eAWD Plug-in Hybrid in Los Angeles.

    I am undecided between the R-design and Transcription. Could you please give current info for both?

    Thanks!

    What lease term and how many miles per year?

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  • galacticagalactica Posts: 3
    My apologies. 36 mo and 12k miles.
  • kyfdxkyfdx Posts: 86,311
    galactica said:

    I am looking at the Volvo XC60 Inscription T8 eAWD Plug-in Hybrid in Los Angeles.

    I am undecided between the R-design and Transcription. Could you please give current info for both?

    Thanks!

    galactica said:

    My apologies. 36 mo and 12k miles.

    Inscription: .00065 MF and 48% residual
    R-Design: .00107 MF and 50% residual

    $1000 XC60 Allowance
    $5002 Hybrid credit

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  • apathetic1apathetic1 Posts: 4
    edited June 19
    I’m new to this car leasing stuff. I just left the dealership in CA. XC60 transcription T8.

    Base price 52,900. Fully loaded - luxury seats and upgraded sound system.

    Offer was 67,050 - 7,502 rebate + dealer discounts. They said 1k allowance only applies to purchases.

    0 down. 36 months @839.49 thoughts? Appreciate the help.
  • MichaellMichaell ColoradoPosts: 78,097

    I’m new to this car leasing stuff. I just left the dealership in CA. XC60 transcription T8.

    Base price 52,900. Fully loaded - luxury seats and upgraded sound system.

    Offer was 67,050 - 7,502 rebate + dealer discounts. They said 1k allowance only applies to purchases.

    0 down. 36 months @839.49 thoughts? Appreciate the help.

    What is the net selling price?

    $0 down or $0 due at signing? Not the same thing.

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  • apathetic1apathetic1 Posts: 4
    Michaell said:

    I’m new to this car leasing stuff. I just left the dealership in CA. XC60 transcription T8.

    Base price 52,900. Fully loaded - luxury seats and upgraded sound system.

    Offer was 67,050 - 7,502 rebate + dealer discounts. They said 1k allowance only applies to purchases.

    0 down. 36 months @839.49 thoughts? Appreciate the help.

    What is the net selling price?

    $0 down or $0 due at signing? Not the same thing.

  • MichaellMichaell ColoradoPosts: 78,097

    Michaell said:

    I’m new to this car leasing stuff. I just left the dealership in CA. XC60 transcription T8.

    Base price 52,900. Fully loaded - luxury seats and upgraded sound system.

    Offer was 67,050 - 7,502 rebate + dealer discounts. They said 1k allowance only applies to purchases.

    0 down. 36 months @839.49 thoughts? Appreciate the help.

    What is the net selling price?

    $0 down or $0 due at signing? Not the same thing.

    2018 or 2019?

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  • apathetic1apathetic1 Posts: 4
    2018 :)
  • kyfdxkyfdx Posts: 86,311

    2018 :)

    .00107 MF and 50% residual for 36/12
    $1000 XC60 Allowance (they didn't tell you about this incentive, I'm guessing)
    $5002 non-cash credit

    $7502 isn't much of a discount, considering the $6002 in dealer incentives.

    Need the adjusted CAP cost to check the payment, though your quote doesn't look bad, considering the small discount

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  • apathetic1apathetic1 Posts: 4
    The guy said the $1000 incentive only applies to purchases not leases.

    What do you need to get the cap cost?
  • kyfdxkyfdx Posts: 86,311

    The guy said the $1000 incentive only applies to purchases not leases.

    What do you need to get the cap cost?

    That's not true, but it's their incentive, not yours, so they aren't obligated to share the information.

    Ask the dealer for the adjusted CAP cost, and the itemization of how it is calculated.

    That's no different than a purchase, where you want to know the amount financed.

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