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2013 and earlier Volvo XC90 Lease Questions
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Metallic
AWD
Premium
Versatility
Climate
Convenience
RSE
MSRP(inc Dest) = $48,080
36 Month: 12k mile/yr
No money down!!!
I read that the MF was = .00369
(according to bimmer.org/financing forums - BTW great place for Money Factor and Residuals)
I was at the dealership this week and a Volvo MF is now .00128 and Residual is 56%.
MSRP / CAP / MF /Months/TaxNJ/Payment
48080/44500/.00128/ 36 / 6% /614
Not bad, but you get no big $5000 incentive.
The big incentive is on another bank lease. The guy showed me his "Book".
Here's my offer he gave me.
***This one is 39 Month***
$1716 out of Pocket (break down below)
795 aquisition
386 TTL(Tax Title Licence Registration)
7.50 Some Tire Fee
527 First Month
***** $527 per month *******
If I do not get metallic paint(black or white), drop another $12 off the monthly
He actually quoted me about $44/mo more on monday and 2 days later he called me
with a better deal over the phone.
"Hi, I was crunching some numbers and this I what I can do for you......"
Bluetooth was free according to him last month. Now it is $375
***Also after 25,000 miles they give you a free set of tires as long as you bring the maintenance to them.
I read on other forum that the tire get worn quick.
I hope this helps.
Please reply with your thoughts and post some of your leases too.
Have they even announced the pricing on the '07 V6 yet? If not, when will we be able to get numbers on that? Thanks
Specs are out now, except for EPA mileage.
Prices should be out in July.
MSRP $46,400
Added Options $3,320
Destination Fee $695
Total MSRP $50,415
Magic Blue Metallic $475
17" x 7" Anteaus Alloy Wheels with 235/65/R17 Tires N/C
Graphite Leather Seating Surfaces N/C
Climate Package
·Heated Front Seats
·Headlamp Washers
$675
Interior Air Quality System (IAQS) $175
Dual Screen Rear Seat Entertainment System $1,995
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I am specifically interested in the XC90 2.5T FWD with 7-Passenger seating.
These incentives through independent banks look great. Do you know the money factor and residuals at these banks? I am interested in a XC-90 AWD V8 7 passenger.
I am about to pull the trigger on a lease for a 2006 XC90 V8 with silver metallic, touring pkg, climate, xenons and int. air quality at the following numbers:
MSRP = $50915
Price = $44837
Terms = 39 mos.
MF = .00209
Residual = $25966.65 (51%)
Acq Fee = $595
Down Pmt = $930 (first payment and license fees)
Monthly payment =$699
So my question is: deal...or no deal?
Thanks in advance!
Quoted Sell price of $42,000
36 mo lease - 12,000 miles per year
With security deposit of $675 and first payment ($661) due at signing, is the quoted lease payment amount of $661 plus tax a good deal?
Thanks in advance!
Rick
My current lease is about to expire. i plan to lease another XC-90. I want a V-8 with rear entertainment. Can you please give me the MF and residuals for June.
Also previous messages mention independant banks. Can you provide the MF, residuals and any incentives these banks may offer.
thank you in advance for your assistance.
To piggy back on joegolfer1's comments. I am interested in leasing a XC90. My dilema is the following. Grab an '06 V8 now or wait and get the '07 I6 (not a fan of the 2.5 enginge). In terms of getting a better deal, would the '06 V8 be the way to go? I am little concerned about the gas mileage on the V8. I need to get the car by the end of Sept., which I believe is when the '07 will be rolling out. Any advice, I'd appreciate. Thanks.
MSRP $42340
Rate .00057
Residual .56
Residual $23710
Trade In 2005 Toyota Sienna XLE, no money down
$512/month
Thanks!!!
Premium
Versatility
Navi
Climate Package
Convenience Package
He quoted me a purchase price of $40,470 which seemed very fair. When I asked about leasing he also offered me what looks like a good deal through Volvo leasing:
36mos 18Kmiles/year
Money factor: .00074
Res: 52%
Due at signing:$1974 (first mo, security, disposition and lease acquisition fee.Note: this seems high and I plan to go back at him)
Payment:$645/month including PA 9%Tax
My issue is that the selling price he's using in the lease is $43,000, not the $40,470 he quoted me for the purchase. He claims I'm basically trading off the greater discount on the purchase price for the subvented money factor on the lease promotion through Volvo finance.
Everything I've read leads me to believe that the price I negotiated should be the price regardless of how I choose to finance it.
Any words of wisdom before I overpay on this lease? My wife is in love with this car (we're actually coming off of lease on our 2004 XC90 and replacing it with the 2006) and we want to wrap things up this coming week.
Thanks
I actually just leased a BMW X-5 instead because it was cheaper. We really enjoyed the XC-90 however we do feel the X-5 is an upgrade. Of course we do not need the 3rd row seat.
My X-5 numbers were:
50,170 msrp
57% residual
money factor = .00115
Purchase price = 47,670 (msrp - 2,500)
$617 per month plus tax = 648.
this is for 36 months at 15,000 per year.
Hope this info helps.
The lease on our 2002 XC70 is about to expire. I've always admired the XC90 but we chose to wait to lease one until the bugs were worked out. So the time has come. I must say the board about all the problems people are having with their XC90s is very scary. But this would be our 4th Volvo in 20 years. Surely that should count for something...(said with a healthy dose of skepticism).
So here are the 2 offers from our NY dealer:
2006 XC90 2.5T AWD
Premium, Climate and Versatility Pkgs
RSE
Metallic Paint
Term: 4 year / 15,000 miles
OPTION #1 (because I have some extra cash on hand)
MSRP $46,785.00
Selling Price $43,997.00
Residual %/Amt 45% / $21,053.25
Money Factor 0.00109
Adjusted Cap Cost $41,497.00
Rebate (Volvo loyalty) $500.00
Cash Cap Reduction $2,000.00 (my request)
Taxes $1,977.34
Base Payment $494.09
Security Deposit $0.00
Upfront fees $662.50
Due at delivery $5,133.93
OPTION #2
MSRP $46,785.00
Selling Price $43,997.00
Residual %/Amt 45% / $21,053.25
Money Factor 0.00109
Adjusted Cap Cost $43,497.00
Rebate (Volvo loyalty) $500.00
Cash Cap Reduction $0.00
Taxes $1,985.07
Base Payment $537.94
Security Deposit $0.00
Upfront fees $662.50
Due at delivery $3,185.51
Are either of these good deals? Or should we keep shopping?
If these deals don't look good to you, then why? Nothing would please me more than to drill the salesman for a better deal or to simply walk away. (I always envisioned that kind of scenario and have made a stern promise to myself that if the deal sucks then I will simply walk away.)
Thank you very much in advance for your assistance.
haaja
'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
2006 White XC90 2.5T FWD
MSRP $42340; "sale price" $41K.
36 month lease
3K down 463.12/month
Lease option to buy at end of 36 month: 25977.00
Also, who is responsible for the lease. Some lenders won't allow a complete substitution, Volvo Finance for instance.
The original party is still on the lease and can still effect the lease.
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Thanks for the response. We took the lease deal from Princeton Volvo. I'm actually paying less per month for my 06 XC90 with 18K miles per year than I was for my 04 with 15K miles.
For anyone in the Central Jersey or Northern Philly area, I highly recommend these guys. They were very fair, willing to negotiate via email and really buttoned up. They also have a lot of 06 XC90's on their lot.
jquilty
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Also, you really shouldn't make such a large down payment when leasing. If your XC90 is totaled in an accident or stolen and never recovered during your lease, your down payment essentially disappears. I will work up a sample lease payment based upon zero cap cost reduction for you so that you can see what it would be like. According to my calculations, if you were to lease a 2006 Volvo XC90 2.5T FWD with an MSRP of $42,340 and a selling price of $41,000 through Volvo Finance right now for 36 months with 12,000 miles per year, your zero down, pre-tax monthly payment should be around $529.
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$2000 down
$430/ month (includes everything)
36 months
Comfort pkg. incl.
I have 3 months left on my current lease....mercedes c320. Do you think think this deal will be around in sept? I feel as if it is a great deal but I don't want to pay 2 car payments for 3 months.
2.5T, Premium Package, Versatillity Package
$0 due at signing
$458/month for 24 months
23 payments remaining as the dealer paid for the first one, security deposit and other fees.
10,500 miles per year
Add tax to the payment
I was trying to get to $449, but i guess they were just pushin it to the cent.
Rent Charge on this lease $16.06, 0.01% APR, required 740 beacon score.
New Volvo owner with above deal here
But I've been hearing of others actually paying BELOW invoice. As an example Edmunds currently lists pricing for on '06 XC90 w/V8, touring, climate and metallic paint at 50,040 MSRP; 46,877 Invoice and 46,010 TMV.
They also show the following rebates and incentives:
> 500 Cash to Customer (if you finance with Volvo finance)
> 2,000 Cash to Customer (Conquest bonus cash - does anyone know what that means?)
> 1,500 Cash to Dealer (for marketing support)
Today I ventured into a local dealer (www.sandbergvolvo.com) which has an XC90 with an MSRP of 50,775 on sale at 44,996. However, if I want to lease that same XC90 he HAS to charge 48,839 as the gross cap cost as stipulated in the current lease ad. He insists that "Volvo requires" him to charge that or he can not offer the lease deal with the money factor or residual used for the current advertisement... (BTW, the car also had the convenience package which they were going to throw in for free as this was the only vehicle on the lot that could meet lease parameters.)
But the money factor and the residual value are sponsored through the financial arm of Volvo and are offered to help dealers sell remaining inventory before the '07's arrive. Volvo US already made their nut on the vehicle and allow dealers to sell the vehicle for what ever they want which is why you can buy cars closer to or sometimes below invoice based on market conditions and various incentives offered through the factory.
At this point he asked me if I was calling him a liar... and as this is not the way I wanted to start my weekend and certainly didn't need the aggravation, I walked. :P
I'd appreciate any help you could provide; just looking to find out what others may have been able to negotiate for the gross cap cost on this fantastic lease deal.
BTW, could you confirm the residual value and money factor (I seem to recall is was something like 74% and .0001 respectively).
Thanks!
The deal I've been offered is a 24 month lease for $499 / mo. with 16,500 miles per year. They told me orally a money factor of .0004. Residual, if I recall is 71%. Zero down (other than sec. deposit, etc.), and $45,610 sticker, $44,110 sale price.
Is this good enough?
Sticker was 55030
neg price 52400
Acquisition 795
0 down
74% residual for 10,500 miles
24 mos
.00001 money factor (.02%APR)
Got a tax credit (crucial in TX) with a fee of 1.2%
Payment is $559/mos. All I have to pay is 1st mos and security deposit up front.
MSRP: $50,555
Sale price: $47,441 ( $3114 discount )
Residual: 73%
Money Factor: 0.00001 ( yes, four zeroes, equals to 0.024% )
Acqusition fee: $595
Downpayment: 600 ( since I rolled the Acquisition Fee to the monthly payment, essentially my Down Payment is zero )
Monthly Payment: $442 + tax
The sale price for the national advertisement is basically
$1200 off MSRP, mine is $3114 off. I was able to beat it by almost $2000.
One thing to note, the TOTAL interest I will pay for the whole lease ( not just one month) is a whopping $20! Thanks to the super low money factor: 0.00001 .
The difference between mine and the National lease is $53/month and (lack of) $2500 downpayment.
Out of the $53,
$20 is due to the difference between 12k and 10.5k/year.
$6 is due to the Ocean Racer being $500 more expansive.
That leaves us at $27, which is equivalent to downpayment of $650, in other words, if I were to arrive at the same monthly payment of the national AD, I'd only need to put $650 down, instead of $2500 down.
The above is just a quick estimate.
But none the less, there are deals to be made and clearly you made a good one... congratulations! BTW, where did you pick yours up?
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Once you sign a lease on a vehicle, you are petty much stuck with it until its scheduled end. Banks will not renegotiate the terms of leases part of the way through.
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Volvo Finance's current 24 month, 12,000 mile per year buy rate lease money factor and residual value for the 2006 XC90 V8 are an amazingly low .00001 and 73%, respectively.
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