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2013 and earlier Volvo XC90 Lease Questions
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This cash incentive is not compatible with the special 0.0% to 3.9% financing offer that Volvo is currently providing on this truck. It is not compatible with conventional loans through independent banks either, but $4,250 dealer cash is.
Car_man
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Are you paying $349.00 for XC90 V8? This is truly terrific as my 39 month lease on 2006 V8 is $500.00. Anyway, what do you all think about buying proposition for 2006 V8 that I received from the bank: they want me to buyout it early for $26000 under 7.5% interest for 5 years and to forgo my remaining 7 payments? Will be curious to learn your opinion
2008 vehicle, this would be my third Volvo form the same dealership-
I called the dealership and have yeat to see the #'s on paper, but right now-
- Live in NJ, Deal in PA
- $1526.00 out of pocket/walk away
-$514.71 per mth 36 mths, 15K per yr
- they will pay final three mths off current lease
Please give me your thoughts. I love this site and am glad to finally actively post.
I just got some strange numbers from my local Volvo dealership:
MSRP $42,675
SP $31,350
Res $15,624
MF 0.00217
36month 12k/yr
$1512 due at signing
$558+tax ($597/m)
Seems like the residual is out of whack.
Edit: just got word from the dealership. Bank is US Bank hence the low residual.
Volvo Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2008 XC90 3.2 5 Passenger AWD with 12,000 miles per year are .00136 and 43%, respectively in the areas that Volvo is still providing lease support on it.
If you decide to lease through an independent bank instead of Volvo Finance, you can take advantage of the following cash incentives:
Base XC90: $8,500
XC90 3.2 5 Passenger 2WD: $9,750
XC90 3.2 7 Passenger 2WD: $9,750
XC90 3.2 5 Passenger AWD: $9,750
XC90 3.2 7 Passenger AWD; $9,750
XC90 V8: $12,000
Car_man
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the figures I got were on a 3.2 FWD 7 seater - versatility and premium packages
MSRP $42,675
Lease Price $ 31,350
Residual $15,624
MF .00217
I guess this was through US Bank and they would eat $982's worth of my remaining lease payments.
Based on your figures there's more to be had from this deal...
MSRP $47,515
$1,600 down
$512 mo for 36 months
I remember dealer stating Residual around $17,000.
Also, I am coming out of a 2 year Volvo lease the beginning of Nov. and have gone over my miles. I will owe about $900. I have never been in this situation before. Dealer says over the mileage not negotiable. Is this true?
Any help would be greatly appreciated
Mileage charge is non negotiable. You can use any available rebate to offset the fee. My guess is that all rebates are already applied to the new lease.
Can you clarify whether the cash incentives mentioned above are incentives against the MSRP or the dealer invoice. My understanding is that they normally come off the dealer's invoice price. If that's the case, then I'll go back to my Volvo salesperson to further negotiate a lease on a 2008 XC90 V8. He told us he could take $14K off the MSRP, but residual is so low ($15,568 - ouch) that payments end up being high (in the $600 range). If Volvo is offering a $12K incentive off dealer invoice, then that means there's more room to negotiate, right?
Thanks,
DaisyR
Car_man
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I was quoted a 2009 XC90
MSRP: 44.8k
QUOTE: 35,362
DOWN: 2944.00
LEASE: 39 mth/12k miles for 500.00
silver ext /black int
pkg: climate & premium
addon: ipod/bluetooth
when i go to the volvo website i see a MSRP of 44.3k with the following:
Convenience Package
Climate Package
Premium Package
iPod® Music Interface
Park Assist Camera
Sirius Satellite Radio
Bluetooth Hands-Free System
Can someone help make sense of this? I am very confused, could i use this information to my advantage?
thanks for the help
Real-Time Navigation
Convenience Package
Climate package
Bi-Xenon headlights
Dynaudio stereo system
BLIS
MSRP is $56057, Invoice $51708. Can we ask for below invoice price and then get the $12K cash incentive on top of that? We are in Marin County, California.
The current sales price we were quoted for a USBank lease was $42708, residual of $16256, MF 0.0025, $1000 loyalty rebate, $5000 partial trade-in. monthly payment of $589, exlcuding sales tax. My inclination is to ask for Invoice less the $12k cash incentive for sales price of $39708. Any thoughts?
Tks.
2008 Volvo XC90
6K mi. (loaner car)
6 cyl.
Met. paint
Climate package
Blind spot protection
Premium package
Versatility
36 month lease
10.5K mi./yr
486.62/mo.
At signing: 1579.52 (incl. tax) + 795 bank fee + 486.62 1st month + misc. small fees = 2928.64
08 i6 3.2l Versatility and Premium package:
12,000 miles per year
39 months
$474 per month plus tax
$1,475.72 Due at signing
I've yet to hit him up for the sale price MF and residuals yet.
We'll be test-driving the XC90 & Mazda CX9 back to back tomorrow. Personally I'd rather go w/the CX9 due to the $$ available on that car but my wife will be the one to make the call ultimately.
It's ironic that I find myself shopping for a Volvo again. We did this 2yrs ago, and my preferred choice was the XC90, but we were lured away by an amazing lease on the M-B R350
Car_man
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Other than a $500 incentive for loyal customers, Volvo is not providing any cash incentives on leases of the '09 XC90 through Volvo Finance. It does however have $4,750 to $7,750 in cash incentives for leases of this vehicle through independent banks.
Car_man
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Both 2008 and 2009
Example:
Volvo Finance MF/ Resid/ Incentives (rebates/ Cash back)
12000 miles and 15000 miles on 5 pass non AWD
From what I see from your earlier posts:
15K miles on a 2008 with 24 month lease 2.5 5 pass AWD - .00132 and 54%
15K miles on a 2008 with 36 month lease 2.5 5 pass AWD - .00182 and 46%
Incentive on 2008 7 pass awd is $ 7,750
2008 5 pass AWD for 3 yrs 12K miles is .00136 and 43%,
Other Banks (and their name) with MF/ Resid/ Incentives (rebates/ Cash back)
12000 and 15000 miles on 5 pass non awd
Here are the incentives you listed from independent banks:
XC90 3.2 5 Passenger 2WD: $9,750
XC90 3.2 7 Passenger 2WD: $9,750
XC90 3.2 5 Passenger AWD: $9,750
XC90 3.2 7 Passenger AWD; $9,750
What bank are these from and do you know the MF & Resid?
Thanks in advance for doing this. You do great work. Its just hard to follow all the possibilities and would be great to have them summarized once a month (if time permits).
PS can you get the 500 loyalty if you own a volvo and trade it in but use an independant bank? Also see there is 4000 in marketing support - any limitations on that?
Cheers
Lease would be based on 36/12K with only inception fees for the 3.2L with the following options:
Premium, climate, versatility, RSE and maybe the convenience package.
Any lease incentives with Volvo or independent banks on the 2009?
Loyalty incentive? Costco incentive?
Money factor with Volvo and independent bank? Residual with Volvo and other bank?
This is what I was recently quoted:
$620 per month for 36 months on the 3.2model with inception fees of $1700 and 12K.
Options include: AWL, premium, climate, versatility, DVD, convenience and metallic paint.
residual was 40% and interest rate 5.4%
Is this a good deal?
2008 xc90 SE $ 31792, 48 months lease with 12k miles per year is $ 485 per month with $4500 total out of pocket. This is a demo model with @ 500 miles on it. Any thoughts on this deal?
The same car is being offered by two local dealerships. One is a demo with a sticker of $37995 and the other is new with a sticker of $36547. The lease offer is for the demo as I said and I am currently looking to see what the other dealership is offering.
Are you saying I can get a better deal on an 09 SE? I thought $31792 is pretty good price for a car that has an MSRP of $46595. I'm still trying to get the money factor and residual so I can calculate things myself.
2008 xc90 SE
price: 31792 (still need to get the 1k costco discount)
money factor: 0.00248 (5.95 APR)
residual: 26% after 48 months ($12114 at lease end)
money down: $4500
$485/month for 48/months at 12k/yr
I'd love some help negotiating this if anyone can offer some advice. It seems the residual is low considering the 46% for 3yr/15k I read in an earlier post.
Jeez!!
I am in for the buyout at month 48!
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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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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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.
What is the invoice on the car?
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
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
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?
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!
$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?
Best,
Joy
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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Car_man
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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.
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
Too bad I am not in the market, otherwise I'll jump on it.
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.