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2013 and earlier Volvo XC90 Lease Questions
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This was posted on www.swedespeed.com regarding a deal recently made on an 06 V8 lease deal:
"Terms were zero cap reduction and $388/month (plus tax is $407) for 15K miles per year. $1400 out of pocket included refundable security deposit and first payment. All this for a $50K car!
I never lease. But this deal was so good it did not make sense to buy."
is that realistic? that sounds REALLY good.
2007 XC90 3.2 AWD with Metallic Paint, Premium, Versatility and Cold Weather Packs from my local NJ dealer for $358 per month with $0 down payment, $400 sec deposit, $595 bank fee and first month payment due at signing. I did not get the NAV package. My search of inventories in the area indicated that there were LOTS of 2007 configured with the options I got, making a lease deal a lot easier to work. Email me if you want the dealer specifics.
sound familiar to anyone?
if so, does anyone know if they are extending it past tomorrow?
$5200 down (our choice, could have been lower)
24 month
versatility (inc. 3rd row w/ climate)
premium
NO convenience package
mine had bluetooth, but not sure about the new ones
$321/month inc. tax
24 month lease,
15,000 miles a year,
$2,149 drive off (1st months, DMV fee, acquisition fee and security deposit)
monthly payments of $396 + tax. On above average approved credit.
This lease is for a 2007 XC90 3.2 equipped with premium and versatility packages.
Are there any other options added or any other packages and are you getting the 3rd row?
versatility includes 3rd row and rear ac i believe... i really dont want the 3rd row, but guy says residual is better on the 3rd row models, hence the smokin payment.
Does that sound like a good deal?
2007 xc90 3.2 w/ premium and metallic pnt
1k down
375/mo+tax
24 month
15k miles per year...
i'm going down there to sign, I hope it's not a bait and switch lol.
Where did you get this deal? Where you able to get it after the end of August?
2007 Volvo XC90 with V-8, and some options.
I gave the dealership a down payment on Sept 2, 2006 to initiate the lease. I do not know if the same lease program is still available. My experience at the dealership was good.
MSRP was $51,147.
Invoice price was $47,830.
My lease is:
24 months
15k miles per year
Residual is 73%
Money factor is .00152.
This program was through Volvo and seemed to be the best program that Volvo was offering at the time.
My sale price was about $47,430 ($400 below invoice).
I was able to get a better deal than normal on the sale price of the vehicle because it was a demo with a few miles on it.
No cap cost reduction. The only money that I put down was for the inception fees (about $2200, which included security deposit).
My payment is $585 per month (includes 7% NJ sales tax).
If you were able to lease the same vehicle under the same program for $500 above invoice, I calculate that your payment would be:
$629 ($588 plus the .07% NJ sales tax)
If you were able to lease the same vehicle under the same program for $1,000 above invoice, I calculate that your payment would be:
$653 per month ($611 plus the .07% NJ sales tax)
I hope this info is helpful.
I am not familiar with how well the XC90's tires wear. I suspect that they would last for the entire length of a 2 month, 15,000 mile per year lease if you rotate them on a regular basis, but I don't know that for certain. You may be able to get additional feedback on this vehicle's OEM tires by visiting the following discussions: "Volvo XC90 -- Unusual Tire Wear Issues" or "Volvo XC90 SUV".
Car_man
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Car_man
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I am interested in a 24 month, 10.5K mile lease on a 2007 XC90 3.2 AWD (with Premium, Versatility and Climate). I am in CT and the current offer is:
MSRP = $45,075
Cap Cost = $42,200
Residual = 75% = $33,806.25
Money Factor = 0.00071 (1.7% APR)
Money Down $1,900 (includes 1st month and security)
Monthly payment = $478 (including sales and CT property tax).
I see there is a $2,575 manufacturer to Dealer incentive in CT. Should I be able to combine the incentive with this lease deal and get a Cap Cost of around $40K?
Also, why does Volvo add the property tax into the lease in CT (I'll end up paying interest on a tax???)
Also, does this seem like a good lease:
2007 xc90 FWD with premium, versatility and DVD
price: 41995.44
Residual:73%
Acq fee: $895.00
$ factor: .00045
Sec. deposit: $500.00
Miles: 12,000 year
Term: 24 months
Initial cash: $1210.92 (includes title/registration, security deposit,1st month payment)
monthly payment: $480.42
Also, they say there is a $250.00 non-negotiable advertising fee (included in purchase price). Are people paying this?
Also, does anyone know what the residual/money factor might be in 7-8 weeks on this car? The dealership is going to have to order it from the factory, and say they can't lock in the money factor/residual until 1 week before it arrives (roughly 8 weeks from now). Does this all sound kosher?
Thanks
Option 1:
2007 XC90 with no packages/xtras (pick black or white color) 10.5mi/yr and 24months for $1300 OOP and $406/mo (including taxes).
Option 2:
2007 XC90 with premium and versatility packages (pick black or white color) 10.5mi/yr and 24months for $1300 OOP and $441/mo (including taxes).
I'm a deal guy so much so that sometimes I worry more about getting the best possible deal rather than the best possible car! Anyway...wondering if anyone has been able to do better on this type of configuration...or anything else to add.
Thanks in advance...
I'm going to call a couple other dealers and see if anyone can do better...I'm guessing that will be the real test to see if I've gone as low as I can get.
Our dealer started with an $895 acquisition fee but came quickly down to $595 (seems to be the average on this site) saying it was a "mistake" to have quoted $895.
Also, I got them to waive the $250 advertising fee since I threatened to go to another dealer nearby who didn't include this fee in the invoice price they were quoting (check on Edmunds TMV for the invoice price without Ad Fee).
I don't think that anyone will be able to know what incentives are going to be offered 2 months from now (they change at least once a month). I believe that he dealer is right that you can't lock today's deal in until you actually take delivery of the vehicle.
If anyone has beaten this I'd love to know.
$1300 Out of Pocket
$425.61/mo. inc. taxes
that is for '07 with climate, premium, versatility and wood steering wheel.
That works out to roughly $460/mo (including the part of OOP that wasn't the first month's payment) so it seems as though that might be slightly better than what you negotiated which I am calculating at approx. $498/mo.
BTW...this is from Gwinnett Place Volvo in Atlanta.
Don't have MSRP and negotiated amounts with me.
2007 XC90 3.2f total MSRP $43,975
(includes titanium grey metallic paint, climate, premium, versatility, 18" camulus allow wheels and $695 destination charge)
24 month lease, 10.5k miles/yr.
$1300 Out of Pocket (includes $425 refundable security deposit, first payment, tax, tags, some profit for dealer?, etc.).
Monthly payments of $397.19. (with tax of 7% for me it was $424.99).
other stuff that may be useful:
My gross cap cost was $41,276.73.
residual value - $32,541.50
I think they said my residual percentage was 74%.
I also believe my money factor was .00045.
Here's to the power of the Internet and information sharing for the benefit of us consumers.
Could you please help me out & let me know if this is a good deal... I'm confused to say the least. I was offered something lower & now the salesman seems to be giving me the run around:
2007 Volvo XC90 2.5 awd
Premium Package
Versatility Package
Premium Sound Package
MSRP: $42,825
Price: $41,200. (I think. I'm reading off a lease worksheet)
LEASE
24 months $437.64
45,000 Total Miles
$4,823 Due at Signing
Residual: .72
ACQ Fee: 795.00
I've read on here that some have just put down O.O.P of 1300. & it seems they have had a better price.
Any help would be greatly appreciated!
Thanks,
Jana in Jersey
:confuse:
34900 is price
giving me 9000 for my jeep which i owe 13 on, and they are paying off the jeep
i think residual is 21 or 22k
quotes a 39mos lease 15k miles for 599 month including taking jeep off my hands.
let me know what you think
thanks much
so i am rolling in about 115 per month over 39 mos to cover that neg equity...that puts my true lease down around 480
better?
i see a lot of people worrying about MSRP, money factor..and everyone saying DON'T look at th emonthly payment. BUT if I just want to drive it for 2 years and get rid of it when the lease is up, why do I care what the rsidual is, or the money factor. as long as I calculate the monthly payment and keep the total out of pocket the same - then the less i pay per month, the cheaper i get the car for.
Car_man
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The money factor that you were quoted for the XC90 that you are interested in leasing looks good to me. Try stopping by the following discussion for feedback on the selling price that you were quoted: "Volvo XC90: Prices Paid & Buying Experience".
Volvo Finance's September lease program for the XC90 is scheduled to run through the end of today, October 2nd. If you check back with me later this week, I can give you an idea of what its new October program is like and tell you how long it is scheduled to run for.
Car_man
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My deal: 2007 XC90 3.2
- Metallic paint
- AWD
- Premium
- Versatility
- Convenience
- Climate
- BiXenon headlights
MSRP: $46,907
Dealer Add-ons:
- Wood dash
- Front window tint
- Supplemental Advertising ($250)
CAP COST: $44,236
Residual: 72% (15k/yr)
MF: 0.00077
Acq. Fee: $600
Doc Fee: $240
Monthly Payment = $536.20 / mo.
Dealer was in AZ, overall experience was very good. They were straightforward and pleasant to deal with. Only "surprise" was the Supplemental Advertising fee by Finance, looking back I should have denied this since it wasn't in the original deal.