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2013 and earlier Volvo XC90 Lease Questions
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XC 90 AWD, climate, blis, silver
msrp 43375
price 35200
no money down lease, 36 mos, 10k per year, incl NYS tax 749.86
first month's payment and dmv fees due at signing
mf .00270
residual 38%
buy out price 16482
What do you think?
I agree that the residual stinks. My gut is that the lease is too expensive, especially when you consider that I can get an Acura MDX or Mercedes GLK for much less than that monthly. Then again, I'd have to factor in the cost of maintaining the MDX or GLK over three years, which costs are included in the XC90 lease.
More to follow.
HELP!
Went today for the Costco deal of the day at Volvo in Fremont, CA.
Got all the stuff- $500 under invoice, $500 additional Costco incentive, 4250 lease incentive.
MSRP 42350
(37,700 base, plus had metallic paint, climate, bluetooth, AWD, and he added 250 for fun) which totalled the 42350
Invoice on all this was 40,042
39% residual, 36 month lease, 12K miles/yr
Money Factor: .00230
Monthly payment including 9.75% CA tax= 604.17
Drive off= 4885.22
(2499. cap cost reduction, initial fees 976.75, annual fees (DMV) 470, tax 2267.42)
Going in, I told them I wanted a payment around $500 and drive off 1K or less.
What's wrong with this picture?!?!?!? I walked away and they couldn't have cared less.
I really want this car. I have an ML350 that I hate, lease up in 3 months, and want a 3rd row seat. Any advice is appreciated!
Went through the same thing a year ago. Was paying on a TWO year V8 XC90 lease about 400 per month with 3K down. YES it was 400 including tax - Volvo MF of .00002 and a residual of 72 percent! Think I paid about 50 cents a month in interest. Tried to lease another V8 and the payments were in the 700 - 800 dollar range. Money factor at the time was pretty decent about 2% but the residual was the deal breaker and drove the payments up about 125 compared to other cars.
Ended up leasing a BMW X5 3.0 which had an invoice of 52K and my lease payments ended up being about 549+tax. with 3k down. HATE the car (noisy, seats really uncomfortable, rough ride) and in January will put it up on LeaseTrader/Swapalease and see what happens. Due to the lower monthly payment it should go. Would love to go back to an XC90 again but leasing it would cost way too much and buying would also be a mistake unless I was keeping it for 10 years - resale value are too low on the XC90 - 3 to 5 years out = = Huge money looser.
If you are a person doing 15,000 miles per year ( like myself) this is probably a better way to go than lets say a mercedes or bmw which you would be limited to a 36 month term and would be out of warranty in under 3 years due to mileage.
The maintence program at this time is only guaranteed thru December 2009, NO decision has been made by corporate going forward past that, If I find out about it later on in December if it is coming to an end or it will continue I will post it.
thanks
http://www.volvocars.com/us/salesandservices/Pages/Offers.aspx?model=xc90
So let's see how Volvo works this out.
With an msrp of 43375, here's the comparison between the old and new offers, 36mo, 10k, no money down, 8.625% NYS tax included in mo payment, Costco:
old new
cost 35200 38900
res 38% 45%
mf .00270 .00155
resulting in a new payment of 732/mo vs 750/mo on the old deal. On a 48 mo lease, the mo payment would be 662/mo. According to the dealer, there are no more 42 mo or 60 mo programs. I haven't worked these numbers or verified them.
I may go check with a different dealer, but if these numbers hold up, there's no Volvo in my future.
Thanks
On the 48-month, though, a second set of tires can be maximized (depending on driving styles).
$395 that used to be waived as I continued leasing through VCFNA in the past. What the hell is going on with Volvo? The MDX is looking more appealing now...
XC 90 AWD silver metallic paint, blis, climate, MSRP 43050
Cap cost 39600
MF is .001 for 36 and .00124 for 48
Res is 45% for 36 and 37% for 48
My payment including 8.625 NYS tax is 714 for 36 mo or 643 for 48 mo. Improved over what the first dealer gave me, still too high I think.
Out of pocket is first month and dmv.
I have a trade in worth about $22k which I was going to try to sell privately. If my wife still really wants this car I might decide to buy it and finance the balance for 3 years. I dunno. In either case I'll go back to negotiate a lower price if she's interested.
Might be worth adjusting the cap cost another 1,000 or so. Give it a try. Still the beginning of the month so maybe waiting towards the end might help.
Thanks
I am looking to lease the 2010 XC90. I currently have 6 mos left on my 07 Nissan Pathfinder lease...I'm debating to purchase at the end of the lease and then private party resale. My purchase option is $14500 but KBB is lower than that, and I have cash in hand and want to offer $11000 cash to the dealer...6 months from now...not sure if it will work, but I am a good negotiator and got a good deal on my lease.
Currently online I saw the 2010 XC90 is MSRP 37500 with a lease of 559/mo, but that is with $3k down and 12k/year. Not acceptable to me....definitely something I would squeeze passed them.
-OR-
Thinking I should finish up my Nissan lease, give it back to them, and take my cash towards the XC90. The only issue with that is I'm pretty close to my mileage limits on my lease. (Lease ends June 2010)
Any suggestions or comments please
Donna
Trade in - $5500
Cash $3200
Monthly payment--$538--48 month lease-$15k/year
Buy out 16135
Thanks
My 2 year lease is up March 7th'10.
2008 XC90
Original MSRP - $49,920
6 cyl
Nav
Climate
BLIS
Dual rear entertain
3rd row
Final price for leasing was $42,700
Buyout option is $29.900. Price for leasing was $42,700, I put zero down and rec'd $1000 towards price and $500 gift card from Costco at sign-up. Monthly payments are $484.00/month. This was a great lease I could not pass up back in Feb'08. Burgundy Metallic w/Sand interior.
I like the truck, but is buyout fair (or) should I haggle a bit?
Thank you
Things will be changing once Geely cars of China takes over from ford in february, you will be in a ideal situation. You may once again see comparable pricing on the new leases.
It has already internally announced the the xc60 will be relaunched with a all new ad campaign and more competive leases starting the first of march
That could be true. but I have another theory. Geely believes that Volvo is under-valued. They have a lot of money and do not need immediate increasing sales. My educated guess is that they will improve advertising for sure but may not drop the prices. They want Volvo to compete against MB, BMW and Audi. Dropping prices will give people the idea that there is something wrong and that quality will plummet given chinese aquisition. Continuing safe and sound will be a smart investment to assure the public.
The chinese are smart, they should maintain quality. If they lose it, Volvo will disappear like Saab.
I took delivery last week with the December program:
2010 Volvo XC90 R-Design
MSRP: 40,350
Cap Cost: 36,586.64 (includes inception fees)
Residual: $13,719
Money Factor: 0.00113
Term: 48 months / 12k miles year
Due at signing: $0 (rolled into the cap cost)
Payment: $565.26 (includes 6% use tax)
I had Costco + loyalty.
Would you mind sharing what the lease rates are for January? I am wondering about the 3.2 AWD R-design and V8 AWD. The incentives seemed to have stayed the same. Based on what you indicated in your previous post, it seems that the residuals fell and the money factors went up. Based on some advertising I saw, it seems that the 60 month leases are back. Thanks.
I can tell you that the $1,500 loyalty is gone for the XC90. There is only a $500 loyalty for leasing now. The Costco discount is also gone.
They paid off my loan of $14,700 (I also had another $3,600 cash in the 2004 that I took a hit on)
I paid $39,550 (not including some taxes of $1,100)
$0 down
60 month lease at $740 a month with 8% interest rate
$6,600 to buy at end of lease
Did I get a fair deal or did I get hosed again? As a lease, I don't think it's a very good deal, but I know I was upside down with the other car. I leased because they said they could give me a better deal. Buying would have been 72 months at $776 a month ($39,550, $0 down). Now I just need to figure out how to pay less than $11,400 more for the car ($44,400 in payments over the lease term + $6,600 to buy at end of lease - $39,550).
What I have been told to do, and have heard people do on these forums, is buy out the lease in six months to get a better interest rate and save on interest since I want to buy rather than lease. I'll end up paying like $10,000 in interest over the term of the lease! Also, how does the bank calculate what I will pay for the car in six months when I ask to buy out the lease. What do you all suggest?
I feel like I should have been offered the Costco program (I am a member). Is that possible for a lease? It ended on Jan. 4th, but I bought it on the 2nd. Can I ask for it now?
Sorry there are so many questions. Any advice you can give is helpful as I navigate through this. Thank you for your help and guidance!
As for the payment, seems that the interest rate is killing you. The money factor US Bank was providing to Tier 1 customers for 48 months was 0.00113 (a tad over 2.7%).
I have a 2008 xc90 and my lease is up Feb 24. I pay 438 per mo. I can extend the lease for 2 more months, but I will have to pay 400 registration.
I want to lease another xc90, but was told since US Bank is doing finance now, to get the same exact base model would be 550 per mo, with 3500 down.
I'm looking for a 36 month lease. Does anyone know if there will be better deals offered if I decide to extend the lease for 2 months and pay 400 for registration?
Thanks!