2020 Volvo XC40 T5 R-Design

donaldj

Hello,

Could you please provide the current residual value, money factor and any incentives, rebates, cash, etc. for a 2020 Volvo XC40 T5 R-Design. Looking at a 36 month lease with 10k miles/year. Thank you! DJ

donaldj

My zip code is 10595. Thx

Michaell

donaldj said:

Hello,

Could you please provide the current residual value, money factor and any incentives, rebates, cash, etc. for a 2020 Volvo XC40 T5 R-Design. Looking at a 36 month lease with 10k miles/year. Thank you! DJ

donaldj said:

My zip code is 10595. Thx

.00110 and 59%
$2000 incentives

donaldj

Great. Thanks Michael. Will see what kind of deals May brings.

donaldj

Hi Michaell,

I have a quote from my local dealer on a lease for a 2020 Volvo XC40 T5 R-Design. Hoping you have a few minutes to give me your POV on the numbers. I live in New York.

3 year lease with 10k miles/year
MSRP $46,250
Selling price $40,950 (~13% off MSRP)
Add'l cap items $995 (bank fee)
Taxes $0 ($1,464 in taxes rolled into the monthly payments)
Gross Cap cost $41,495
Cap cost reduction $2,000 (rebate for first responder/medical personnel)
Adjusted cap cost $39,945
RV 59%
MF .0011%
Total DAS $850
Monthly payment $472.74

Note: Paying taxes upfront increases my DAS to $2,229.82 and the monthly payment drops to $425.54. I am leaning towards this scenario for the lower monthly payment.

Dealer also said Volvo currently has a $2k allowance on the R-Design. Not sure where that comes into play in the numbers above.

Thank you Michaell

DJ

kyfdx

donaldj said:

Hi Michaell,

I have a quote from my local dealer on a lease for a 2020 Volvo XC40 T5 R-Design. Hoping you have a few minutes to give me your POV on the numbers. I live in New York.

3 year lease with 10k miles/year
MSRP $46,250
Selling price $40,950 (~13% off MSRP)
Add'l cap items $995 (bank fee)
Taxes $0 ($1,464 in taxes rolled into the monthly payments)
Gross Cap cost $41,495
Cap cost reduction $2,000 (rebate for first responder/medical personnel)
Adjusted cap cost $39,945
RV 59%
MF .0011%
Total DAS $850
Monthly payment $472.74

Note: Paying taxes upfront increases my DAS to $2,229.82 and the monthly payment drops to $425.54. I am leaning towards this scenario for the lower monthly payment.

Dealer also said Volvo currently has a $2k allowance on the R-Design. Not sure where that comes into play in the numbers above.

Thank you Michaell

DJ

.00110 MF and 59% residual
$2000 lease bonus

Typo for your Gross CAP: $41,945

I agree with the payment w/o taxes.

That looks like a pretty good deal. I would pay the taxes upfront, as NYS has an anomaly where you pay more tax, if you roll it in (plus, subject it to the finance charges).

donaldj

Hello - just to close this out. I was able to negotiate a lower monthly payment of $398.00 with taxes paid upfront so overall pretty happy with this deal. Picked up the vehicle today and love it.

Michaell

donaldj said:

Hello - just to close this out. I was able to negotiate a lower monthly payment of $398.00 with taxes paid upfront so overall pretty happy with this deal. Picked up the vehicle today and love it.

Congrats!

Thanks for the report.