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2013 and earlier Volvo XC90 Lease Questions

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  • zamozamo Posts: 120
    residual: 26% after 48 months ($12114 at lease end)

    Jeez!!

    I am in for the buyout at month 48!
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi zachman1. Volvo Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2009 Volvo XC90 3.2 7 Passenger AWD with 12,000 miles per year are .00197 and 47%, respectively.

    For November, Volvo introduced a $750 Holiday gift card on this model that is compatible with all other offers.

    There also is $500 owner loyalty cash on all deals.

    Volvo is providing a $4,750 cash incentive on leases of '09 XC90 3.2 models through independent banks.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi jmcbmw. Here's Volvo Finance's current buy rate lease money factors and residual values for a 36 month lease of the 2009 XC90 with 15,000 miles per year:

    XC90 5 Passenger 3.2 AWD: .00182 / 46%
    XC90 7 Passenger 3.2 AWD: .00197 / 45%
    XC90 5 Passenger 3.2 FWD: .00169 / 44%
    XC90 7 Passenger 3.2 FWD: .00185 / 44%
    Base XC90 3.2 FWD: .00004 / 41%
    XC90 V8 AWD: .00122 / 44%

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
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  • serdarflserdarfl Posts: 13
    Carman,

    The loyalty money applies to XC90, XC70, V70 and S80 only. It is $2,000.- Costco money($1,000) applies to XC90, XC70 and V70. Just want to clarify. For the Costco money you need to be a Costco member as of October 31,2008. You can't just open an account and take advantage of it in another words.
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  • serdarflserdarfl Posts: 13
    Patriot,

    What is the invoice on the car?
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  • rameshrrameshr Posts: 3
    Hello Carman,
    I would appreciate if you would please evaluate the following deal.
    MSRP: 47,225 (Includes following options - premium, versatility, climate, metallic paint)
    Sale price: 35,533
    Term: 39 Months
    Total out of pocket: 3,418
    Customer Rebate: 1,750
    Miles per year: 10,000
    Purchase Option: 19,834 (i guess this is the residual?)
    Cap reduction: 0
    Money factor: .002708
    1st Payment: 489.13
    Base pmt: 498.13
    Sales Tax: 8.25%
    Dealer: Hassel Volvo in New York

    Thanks for your help.
    Best,
    Joy
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  • silverspork1silverspork1 Posts: 5
    I'm considering leasing an 08 xc90 AWD, and I live in Denver. I have been quoted $37k on 2008 3.2 ($45k MSRP) and $41k on a v8 (MSRP $50k). I have three questions that I would appreciate any opinions on:

    1) is the 3.2 too underpowered, for example for trips to the mountains. Or is it sufficient
    2) I am reading so many bad things about reliability, if I buy a 2008 can expect a maintenance nightmare? Note I am thinking of getting the 3.2 because the reliability issue has scared me to the point I think I should limit my investment
    3) do these purchase prices seem reasonable?

    It's too bad I read all of these posts about reliability and maintenance issues because before I read them I had no reservations about this car choice.
    Thank you
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  • patriot21patriot21 Posts: 10
    The price on the '08 xc90 SE is $37995.

    I've gotten the $485/mo down to $457 after getting a $455 price from Lexus on an 09 RX350. Adding NAV I got $495 for RX350 & $515 on the Volvo.

    I'm really not sure which to get at this point. Any suggestions?
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  • lmuellerlmueller Posts: 28
    Hi,
    I have read in earlier posts that Volvo is offering incentives for non-Volvo finance leases on MY2008 XC90's. It was my understanding that the figures were $9750 for 3.2 and $12000 for V8 models, as well as $4000 dealer cash and $2000 loyalty rebates. I am also a Costco member, but in looking at their promotion online, it seems to be valid on 2009 models only.

    I emailed a local Volvo sales manager (my current XC90 is from his dealership) to verify these figures. He told me the numbers are as follows for independent bank leases:

    3.2 Base 11/07/2008 - 11/30/2008 $4,750
    3.2 Non Base 11/07/2008 - 11/30/2008 $6,000
    V8 11/07/2008 - 11/30/2008 $9,250
    Residual/Money Factor for 36 month lease/12K miles/year
    MY 2008 33% .00254

    He also mentioned that Volvo is offering special lease rates on the 08 (not combinable with the $4000 dealer cash) ranging from .00001 to .00164 depending on term and model (I have asked for specifics on this, but haven't had a reply just yet).

    Do these numbers sound correct to you? My current lease of a 2006 XC90 is over in April, and I was thinking about leasing another one sooner if the deal was significantly better than what I am currently paying. ($450/mo for 7 pax FWD w/premium & versatility pkgs).

    Thanks in advance for your help!
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  • silverspork1silverspork1 Posts: 5
    I haved decided on purchasing a v8 xc90 2008. A dealer gave me the following lease offer through Costco.

    $51,670 MSRP
    money factor .00275
    36 month lease
    12,000 miles per year

    $586 a month (excluding taxes), with $1500 due at signing (increased to $599 for 15k miles).

    Does this sound like a good deal?
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  • rameshrrameshr Posts: 3
    I desperately need to get a car by the weekend! So, can someone please please help me by replying to my earlier post # 1250.

    Best,
    Joy
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Greetingws Joy. The money factor that you were quoted is not nearly as attractive as the one that Volvo Finance is offering on the 2009 XC90 right now. This probably means that your deal is being run through an independent bank. There's nothing wrong with that, because Volvo is providing special additional cash incentives on XC90s that are leased through banks other than Volvo Finance.

    Specifically, Volvo is providing a $4,750 cash incentive on non-Volvo Finance leases of this model plus an additional $750 holiday bonus cash. Add to this the likely $2,800 or so spread between this model's MSRP and dealer invoice price and you have a total of around $8,300 to play with during your negotiations. Anyhow, the point of all of this was the $11,000 discount that you were quoted looks very attractive. If you like the truck, I personally don't see any reason not to go for it.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hey Joy. Please see my previous post for an evaluation of your deal. Thanks and good luck in your negotiations this weekend.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
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  • rameshrrameshr Posts: 3
    Car_man,
    Thanks for your advise. By virtue of having good credit score, I was able to negotiate a better money factor (.002158) that lowered my monthly payments by approx $50. In fact, they threw in 'blue tooth' for free. I tried to increase the rebate but they just wouldn't budge anymore and was told that I have "maxed" out by being enrolled in the Costo program. I would have gotten much higher rebate (over $4k) had I been a prior Volvo owner. Overall, I am happy with the deal :)
    Thanks again.
    Rgds,
    Joy.
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  • PetemichaelsPetemichaels Posts: 3
    Hi Car Man,

    I am thinking about getting the xc-90 3.2 with versatility (3rd row seat), climate, premium (leather int.) and convenience packages (nav system and seat back monitors).

    The lease rate is $549 with $3971 down ($558 first payment, $1991 tax, $351 paperwork and $895 non-volvo bank fee) for a 48 month term. The residual value is $15,314 based on 31% of the $46,440 sticker price after add'l packages. This is based on 12K miles a month and the lease payments are based on $37,000.

    I think the base price is $34,780, plus upgrades, minus rebates and incentives, gets me to $37,000.

    Any thoughts on whether this is a fair deal?

    Thanks,
    Mike
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  • PetemichaelsPetemichaels Posts: 3
    I noticed a typo. The first payment in parenthesis should have been $549. Thanks, Mike
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  • wanapilotwanapilot Posts: 8
    I do not know where you live. However, you will be well advised to check with Lawrance Volvo in Walnut Creek, CA. They are offering $13,000 off MSRP from their 08 XC90s (leasing only). On top of that, current Volvo owners get a $2K loyalty discount, a $750 gift card and two ski season tickets.

    Too bad I am not in the market, otherwise I'll jump on it.
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  • PetemichaelsPetemichaels Posts: 3
    Thanks, for the note. I am in the NYC area.
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  • crestonavecrestonave Posts: 219
    Can you recap for me the final details of your deal? I'm in Suffolk County and I plan on shopping Georgetown, Hassel and probably Volvoville in Massapequa. Thanks! I'm also a Costco member so I wonder if I could add that incentive to whatever your bottom line was.
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  • uzhanyuzhany Posts: 3
    Hi,

    I am looking to lease a 2008 XC90 V8, and the dealer quote me the following price, can anyone let me know if it is a good deal?

    Trade in: 2006 Volvo XC90 2.5 Liter 36K mile with $16K balance with Volvo Finance,

    Dealer offered:

    Pay off remaining balance of the 2006 car
    $0 drive off
    12K Miles/year
    42 Month @ $615 + tax

    They said this is what they can do through the Costco program, but I have a feeling they can do better than that... any adivise will be much appreciated.
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  • crestonavecrestonave Posts: 219
    Is it possible that you could do better leasing a 2009? I stopped at Volvoville in Massapequa New York yesterday and saw a 2008 in the showroom which was very deeply discounted, but the salesman told me that the Costco program and the lease deals only applied to the 2009 model. Also it's hard to comment on your deal without knowing the msrp of the car you're looking at as well as the price that you negotiated.
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  • uzhanyuzhany Posts: 3
    Hi Crestonave,

    The volvo I was looking at is a XC90 V80 model the MSRP is $55k, and after the negotiated prices is around $39K
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  • qbrozenqbrozen Posts: 21,606
    2006 Volvo XC90 2.5 Liter 36K mile with $16K balance with Volvo Finance

    And what did they give you for your car?

    '17 F150 Crew 2.7; '67 Coronet R/T; '14 Town&Country Limited; '09 LR2 HSE. 44-car history and counting!

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  • uzhanyuzhany Posts: 3
    they said they will pay off the balance
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  • qbrozenqbrozen Posts: 21,606
    They love saying that.

    Yes, they will pay off the balance. They have to pay off the balance. But that doesn't mean they are giving you $16k for the car. They may, for instance, credit you $14k, pay off the balance, and add the $2k balance to your new vehicle.

    '17 F150 Crew 2.7; '67 Coronet R/T; '14 Town&Country Limited; '09 LR2 HSE. 44-car history and counting!

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  • volvomaxvolvomax Posts: 5,274
    That information is incorrect.
    Costco can be used on either the 08 or 09 XC90's.
    The lease incentives are greater on the 08's.
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  • crestonavecrestonave Posts: 219
    Are you suggesting that my sales consultant told me a non-truth :mad: ????

    Thanks so much for this information. Would it be possible for you to recap the lease incentives on the 2008 XC90s? This particular dealer told me that he has five in stock. I went back a bit in the forums and I didn't see any posts detailing the current incentives on 2008s.

    Very much appreciate! Thanks!
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  • flufjetflufjet Posts: 5
    I have a 2006 XC90 V8 coming off lease next month. The residual is about $31,000. My dealer told me that in the current market the wholesale is around $22,000. I would like to buy the car but will not pay anything close to $31K. Is there any way to negotiate a lower buyout with Volvo finance? Thanks!
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  • serdarflserdarfl Posts: 13
    To answer some questions...
    1- Leasing is better on '09 models. Loyalty+Gift card+Costco applies to 08 and 09 models.
    2- I would suggest anyone who is thinking about buying/financing an 09 XC90 to lease it first then buy it. There is so much alternative leasing money that works out alot better than financing it.
    3- If your lease is with Volvo Finance and you are looking to buy your current lease vehicle, you need to go to your dealership to buy the vehicle. Volvo Finance.does not allow customers to buy their vehicles thru them. Fifth Third and US bank is another story.
    4- Above applies to Southeastern market as I do not have the information for the other markets.
    Hope this helps
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  • crestonavecrestonave Posts: 219
    Thank you! Would you be able to recap the current lease deals being offered for both the 2008 and 2009 XC90 3.2 AWD? I'm interested in 36 months/15k per year. I live in NY. Thanks very much!
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