leasing demo model

Ramfoot21Ramfoot21 New JerseyMember Posts: 5
edited August 2018 in Volvo
On a 2018 Volvo XC90 T6 momentum with an msrp of 58,111 and 7k miles. the dealer offered me a 39mth lease with 12k miles for $600 plus 4k down.

they said the selling price was 48k in change. don't remember the exact number

the residual value was 49.5% and the MF was .00133

Is this a good deal? I feel like the RV is a little low.

thoughts??

Comments

  • kyfdxkyfdx Moderator Posts: 197,912
    Ramfoot21 said:

    On a 2018 Volvo XC90 T6 momentum with an msrp of 58,111 and 7k miles. the dealer offered me a 39mth lease with 12k miles for $600 plus 4k down.

    they said the selling price was 48k in change. don't remember the exact number

    the residual value was 49.5% and the MF was .00133

    Is this a good deal? I feel like the RV is a little low.

    thoughts??

    The base residual for a new unit is 52%, so 49.5% seems about right, considering the 7K existing mileage.
    We show the base MF as .00110.
    But, we don't have any familiarity with Volvo's lease program for demo/service loaners.

    Given their lease parameters, the total cost seems about $1000 too high.

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