Edmunds dealer partner, Bayway Leasing, is now offering transparent lease deals via these forums. Click here to see the latest vehicles!
2013 and earlier Volvo XC90 Lease Questions
This discussion has been closed.
Popular New Cars
Popular Used Sedans
Popular Used SUVs
Popular Used Pickup Trucks
Popular Used Hatchbacks
Popular Used Minivans
Popular Used Coupes
Popular Used Wagons
Comments
I am currently getting a Deal in NJ for a
2008 Volvo XC90 3.2 AWD
For 48 Months with $0 due at signing
for $494 a month with 15,000 miles.
Just wondering if this is a good deal.
Please somebody respond AS SOON AS POSSIBLE because i might be buying this car this week
Thanks.
ummmm... no its not.
MSRP means sticker price. Ain't no XC90 that stickers for $31k.
'11 GMC Sierra 1500; '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '08 Maser QP; '11 Mini Cooper S
MSRP is NOT the price you get from the dealer. MSRP is what is printed on the window sticker at the factory. The XC90's MSRP STARTS at around $37k. Your SELLING price, however, may be $31k.
'11 GMC Sierra 1500; '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '08 Maser QP; '11 Mini Cooper S
Sorry about that the MSRP is $45,200
MSRP $36,995
Gross Cap $26,255
Adj Cap $25,690
Residual $15,168
$1000 down includes 1st pmnt
36 mo lease
12k miles/yr
Not sure about this but rent charge $2795, I assume this involves MF?
Trying to figure out apr?
Please let me know if you think this is a good deal and about the rent charge? Thanks
Divide that number by the term (36 months), and that gives you the monthly finance charge...
Divide the monthly finance charge by the sum of the adjusted cap and the residual, and that gives you the money factor..
In this case, it is .0019
Multiply .0019 by 2400 to get the roughly equivalent APR, which is 4.56%.
Don't focus on the money factor, though... The cheap lease payment comes from the big discount from MSRP...
regards,
kyfdx
Host-Prices Paid Forums
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
2008 v6
metallic paint
climate, versatility, premium, rear-seat entertainment packages
39 months
12k/year
$1000 out of pocket for first month, etc.
$610/month.
I have loyalty as I'll be turning in a 2006 XC90. I was hoping to do better for an 08. Any thoughts? Anyone done better with any dealers in the NYC/northern NJ area?
check out the deals posted above you. Yours doesn't sound so hot when folks are getting lower payments with $0 out of pocket.
'11 GMC Sierra 1500; '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '08 Maser QP; '11 Mini Cooper S
I turned in my car on Feb this year, and had $0 used of the allowance. Car had a couple of dings, and scratched leather on the front seat.
More info here:
http://www.volvocarfinance.com/lease/features_benefits.jhtml
Anyone know how/if they address the maintenance schedule? I've done most of the oil/filter/fluid changes on my own, so they only have a few records at their dealership.
I really do not know what additional options it may have besides (sunroof, leather, third row).
51 month lease, 48,000K total miles (11,294 / year) through fifth third bank
MSRP $42,675
Price Paid: $28,058.23
Total Fees: $2114 (Dealer Doc, Gap Insurance, Lessor Admin Fee)
Adj Cap Cost $30,172.23
Residual Value $14,791.70
Total out of pocket $0
Base payment $408.14
Plus Local Tax: 6%
Based upon what we have researched, this appears to be a pretty good deal. This board has been very helpful so we wanted to share what we experienced.
We were looking at an XC90 and a Mazda CX-9 Touring with leather/sunroof. We really liked both vehicles for different reasons, but figured since both were about the same price per month with $0 down; the Volvo was the obvious choice.
This was purchased in Marietta, GA.
jeez
The vehicle we purchased has the premium and versatility pkg.
I also spoke with Mark Kops the GM at North Point Volvo. On Friday he told me the best he could do was $475/mo for the same car based upon a 48 month lease.
The North Point quote actually seems more accurate as we received a call from the dealer today that they messed up with the residual by over $1000 (equating to the low lease price). They honored the deal and ate the difference.
Both dealers were very professional and Nally was easy to work with.
I recommend negotiating the discount off of MSRP. Based upon the price we paid, it appears that they went into their holdback quite a bit.
Your local dealer may come close knowing that you are willing to drive to Atlanta to purchase the vehicle.
The last car we purchased was a Mercedes R350. We got a local dealer to get close to the price of a dealer in Columbia SC knowing that we were willing to purchase it there.
Best of luck!
DB
Looks better than the currently advertised deal
Problem with lump sums is that in case of total loss, you are never going to see your money coming back to you.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
is it true that for leasing the 2008 xc90 in august that a 36mos/12k lease will place a 40% (37% on V8s) residual on these cars?
isn't that crazy? i mean i guess it makes sense but c'mon!
At these prices for basically a leftover to pay this amount is crazy. If they want to move cars they are going to have to subsidize for September as the 09's are well on their way - most XC90's are in port.
I looked at the monster QX56 from Infiniti which has a list of 59210 - fully loaded with more electronics then Volvo including navi, XM for free for three years, rear DVD, bluetooth phone integration, Ipod interface, power rear hatch and rear seats, heated wheel and front and rear heated.
Residual was and still is 60% and financing rate is .00007. Discounted pretty decently. Payment in the mid to upper 5's. Gas mileage isn't so great but acceptable at 18-19 on highway - real number had it for the night and tested it.
Love my 06 V8 but I'm only paying 349+taxes (per prop and state) for a grand total of 429 per month with 1500 down. Obviously heavily subsidized by Volvo. Unfortunately there are better deals out there and the residual is a deal killer.
my deal (rough numbers):
39m/39k
V8 white with climate/BLIS
msrp 50600
lease price 34150
residual 35%/MF .00194
upfront 1950 (1st m/bank/mv/doc)
555/m (tax included)
:confuse:
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
they quote 499 plus tax for the XC90 and
419 plus tax for the S80
both no money down and 10,500 miles on 42 month leases.
any coaching here?
2008 Volvo XC90 (new not a demo) Sale price:$31,490 On a 36 month/15k per year lease term. Nothing down except first payment of $587.58 and have 35 additional payments of $587.58. The residual would be $15,746.50. The total of the payments is $21,152.88 + $15,746.50 yields a total price over the term of the lease of $36,899.38.
I am likly to buy this out at the end of the lease (we keep cars a long time but they are willing to deal more on the lease).
I have not hit him with my trade in yet a 1996 Jeep Cherokee Country. 112K miles. Never been in a wreck, good condition for age. No mechanical problems. Normal wear and tear.
Thoughts? Should I keep shopping??
Thanks for all your help
With incentives, dealer quotes price of $35,583 inc. 6% tax, not including fees, $0 otherwise out the door. This was the dealership test-driver- has 76 miles.
Money factor .00185, depreciation 37%, payment $610
Seems high to me. No allowance for 2008 depreciation, either. Thoughts?
I am looking to lease basically a fully loaded 2008 AWD Volvo XC90 this weekend (either 3.2 or V8). I don't have much experience leasing cars - and in the two days I've taken to contact dealers by e-mail haven't gotten anywhere. Basically am asked "how much do you want to put down" and "when do you want to come in for a test drive." What I'm looking for are actual or average numbers to take with me when I go into the dealership so that I know I'm not getting taken for a ride. The questions I have are as follows:
Selling Price (what am I getting off of MSRP):
Invoice:
Money Factor:
Residual Value:
Bank fees:
Drive off fees:
Monthly Payment (assume $2500 down) excluding taxes:
Additional assumptions (36 month lease / 12k miles per year / live in Northern NJ / good credit).
Has anyone leased something similar? It would be great to have something in hand when I walk into a dealership.
THANKS!
MSRP for a 3.2 (loaded) XC90 = $47k
My price = $38,000
Money factor is .00185 and residual is $18000.
For a 36 mth / 12k per year lease monthly payment is $700. Down payment of 2500.
Carman - I could use some advice!
Thanks in advance.
'11 GMC Sierra 1500; '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '08 Maser QP; '11 Mini Cooper S
see my post from a few days back. that is what i got from scouring the internet sales folk in the area. i probably could have gotten lower, but i don't feel like i was taken for a ride.
i used the posts before mine to get an idea of how low they were going below invoice, and then tried to go a bit lower...
good luck! it's a nice car.
I am also considering a loaded Toyota Highlander (Limited) that has a MF of .00001. However, my wife is obsessed with the Volvo ...
Thanks!
Still trying to decide myself... looking at xc90, highlander and odyssey (i know).
Cheers!
If I didn't live in Hoboken, I'd probably consider an Odyssey too.
i agree with another responder to your post - you can get a lower price, especially with the 09's already on board. the key is getting the capcost/lease price as low as possible since the mf/residuals just plain suck.
just ask the area dealers (e.g. montclair/both kundert sites/ramsey/smythe/prestige) if they can go lower, you have been talking with the other dealers, etc... and i am sure they will drop the capcost/lease price. since you are at hoboken, it would be easier to do this all on-line, which is what i did...
again, good luck.