2016 Volvo XC90 Lease Questions

cboker · August 2016

Any update on August numbers? 2017 rates still too high for me looking into 2016 leftover. What kind of numbers are we looking at for r sport and t6 36/12k 39/12k ?

Michaell · August 2016

cboker said:
Any update on August numbers? 2017 rates still too high for me looking into 2016 leftover. What kind of numbers are we looking at for r sport and t6 36/12k 39/12k ?

Did you mean R-Design?

T6 AWD R-Design - .00100 and 56% for 36/12; .00107 and 54% for 39/12

pinggirl · August 2016

I sent as a message to Michaell and kyfdx but thought I would post here as well. Sorry that I'm long-winded in my typing. I'm a woman, can't help but give lots of details flanked by extraneous words

The details:
2016 Volvo XC90 Momentum Plus- 900 miles (they loaned it in service a few times)
It literally has every bell and whistle, Bowers and Wilkins Sound, lighting package, convenience package, BLISS, all kinds of safety stuff including parking, heads up display, integrated booster seat... I won't bore you with details on the car. Here are the numbers.
BECAUSE it was loaned and is not at less than 100 miles I negotiated hard, and this is where I am.
MSRP - 62,975
Negotiated Price - 55,000
This lease is for 25,000 miles per year. Basically, I drive a TON and this was discussed at length.
Also, I am planning to put NO MONEY down, so the quotes below are based upon no money down.
Losing 1400 on my Infiniti QX60 trade

Term Options
30 (.000610 MF) 58.00 RES 950.34 monthly
36 (.000610 MF) 54.00 RES 899.75 monthly
39 (.000690 MF) 53.00 RES 870.76 monthly
24 (.000610 MF) 64.00 RES 971.87 monthly

So, my question is, are the Money Factor and Residual Values fair?
What would be the best option, financially? My hubby thinks I like to change cars and will want something newer in 2 years, so he leans toward the 24 month option. I like the 39 month option because the payments are at 870.76.

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Michaell · August 2016

pinggirl said:
I sent as a message to Michaell and kyfdx but thought I would post here as well. Sorry that I'm long-winded in my typing. I'm a woman, can't help but give lots of details flanked by extraneous words
The details:
2016 Volvo XC90 Momentum Plus- 900 miles (they loaned it in service a few times)
It literally has every bell and whistle, Bowers and Wilkins Sound, lighting package, convenience package, BLISS, all kinds of safety stuff including parking, heads up display, integrated booster seat... I won't bore you with details on the car. Here are the numbers.
BECAUSE it was loaned and is not at less than 100 miles I negotiated hard, and this is where I am.
MSRP - 62,975
Negotiated Price - 55,000
This lease is for 25,000 miles per year. Basically, I drive a TON and this was discussed at length.
Also, I am planning to put NO MONEY down, so the quotes below are based upon no money down.
Losing 1400 on my Infiniti QX60 trade

Term Options
30 (.000610 MF) 58.00 RES 950.34 monthly
36 (.000610 MF) 54.00 RES 899.75 monthly
39 (.000690 MF) 53.00 RES 870.76 monthly
24 (.000610 MF) 64.00 RES 971.87 monthly

So, my question is, are the Money Factor and Residual Values fair?
What would be the best option, financially? My hubby thinks I like to change cars and will want something newer in 2 years, so he leans toward the 24 month option. I like the 39 month option because the payments are at 870.76.

First things first ... 25,000 miles a year is a lot for a lease. The numbers we have are for 15,000 miles per year:

64% / 58% / 54% / 53%

Extra miles are charged at .20 per mile, deducted from the calculated residual.

Therefore, the deduction for the different lease terms are as follows:

24 months - $4000
30 months - $5000
36 months - $6000
39 months - $6500

Second, the MF looks to be for the T6; at least the dealer isn't marking that up.

Next, the $1400 of negative equity will be added directly to your payment - the more payments you have, the lower that hit is each month. (24 months = $58/mo, 36 months = $39/mo)

Last, what is the adjusted cap cost - this is the negotiated price plus taxes and fees, plus the negative equity. With that number, we can approximate the payment for you for each term.

If you wait, will you be in a better position with the negative equity?

You're making a vehicle that isn't cheap to lease to begin with much more expensive.

pinggirl · August 2016

Hi Michael! Thank you for your reply and assistance. The MSRP is 62975. Agreed price is 55k plus 1400 negative equity and the following:
920.11 taxes
479.90 dealer fees
16.50 fees
Thus making it $57,816.51.

OR I could buy it and put 15k down. I'm basically in a position where we have no issue getting the car, we just want to make the smartest financial decision. I think within 3 years I would want a new car, my hubby thinks within 2 years.

Any help is so very much appreciated!

pinggirl · August 2016

Also, I'm planning to take the negative equity out of the situation by getting more for the trade or just selling it on my own, outside of this deal.
So, if you take out the negative equity, I guess I'm still making it expensive because of high miles?
The thing is, if I put 15k down and then makes payments around 1k per minth, then after 2 years, I will be in the car for around 39k and it's hard to know if I would have any equity built up due to depreciation for high miles, or God forbid an accident or a fender bender further reduced the value.

Once again, really appreciate the advice!

kyfdx · August 2016

pinggirl said:
Also, I'm planning to take the negative equity out of the situation by getting more for the trade or just selling it on my own, outside of this deal.
So, if you take out the negative equity, I guess I'm still making it expensive because of high miles?
The thing is, if I put 15k down and then makes payments around 1k per minth, then after 2 years, I will be in the car for around 39k and it's hard to know if I would have any equity built up due to depreciation for high miles, or God forbid an accident or a fender bender further reduced the value.

Once again, really appreciate the advice!

At that price, and the mileage you drive, I'd just buy it. $55K is about $1100/mo. on a purchase, and you can sell it whenever you want to.

pinggirl · August 2016

Thank you very much KYFDX! I lean that way as well but my hubby really likes the lease option. I guess if I really feel like I will only keep it for 2 years, I'd just need to compare the 2 year cost of ownership to the cost of leasing?
Really appreciate this forum!

pinggirl · August 2016

Do you feel like that's a good price, KYFDX?

kyfdx · August 2016

pinggirl said:
Do you feel like that's a good price, KYFDX?

Sorry, we don't track pricing.

tlx_2015 · September 2016

Hello kydfx / Michaell,

Can you please provide the new September MF and RV numbers for a 2016 AWD T6 Momentum for the following terms in PA?

15K / 36 mos
15K / 39 mos

Thanks!

kyfdx · September 2016

Sorry.. haven't seen the September programs. Hopefully, next week.

cboker · September 2016

Any update on septembers numbers?

cboker · September 2016

cboker said:

Any update on septembers numbers?

For T6 momentum 36/12 and 39/12

kyfdx · September 2016

cboker said:

cboker said:

Any update on septembers numbers?

For T6 momentum 36/12 and 39/12

.00111 MF and 56% residual for either term (pick 39..lol)

jkipster · September 2016

kyfdx said:

cboker said:

cboker said:

Any update on septembers numbers?

For T6 momentum 36/12 and 39/12

.00111 MF and 56% residual for either term (pick 39..lol)

Any lease cash like the $4585 from prior months?

Also please provide MF and res % for 2016 T5 Momentum AWD for 36/10 and 39/10.

Michaell · September 2016

jkipster said:

kyfdx said:

cboker said:

cboker said:

Any update on septembers numbers?

For T6 momentum 36/12 and 39/12
.00111 MF and 56% residual for either term (pick 39..lol)

Any lease cash like the $4585 from prior months?

Also please provide MF and res % for 2016 T5 Momentum AWD for 36/10 and 39/10.

.00126 and 57% or 56%. No lease cash

jkipster · September 2016

Michaell said:

jkipster said:

kyfdx said:

cboker said:

cboker said:

Any update on septembers numbers?

For T6 momentum 36/12 and 39/12
.00111 MF and 56% residual for either term (pick 39..lol)
Any lease cash like the $4585 from prior months?

Also please provide MF and res % for 2016 T5 Momentum AWD for 36/10 and 39/10.

.00126 and 57% or 56%. No lease cash

Michaell,

What are the numbers for the FWD T5 for the same lease terms? Do you know the base Volvo Acquisition fee?

Thanks.

jkipster · September 2016

Michaell,

What are the numbers for the FWD T5 for the same lease terms? Do you know the base Volvo Acquisition fee?

Thanks.

Michaell · September 2016

jkipster said:
Michaell,

What are the numbers for the FWD T5 for the same lease terms? Do you know the base Volvo Acquisition fee?

Thanks.

.00118 and 54% for both terms. $695 acquisition fee.

gogooma · September 2016

Hi, what would the MF (Excellent Credit) and Residual be for a 2016 T5 Momentum AWD, 36/10k in NJ? Just stumbled across this forum. This is great, and thanks so much!

Michaell · September 2016

gogooma said:
Hi, what would the MF (Excellent Credit) and Residual be for a 2016 T5 Momentum AWD, 36/10k in NJ? Just stumbled across this forum. This is great, and thanks so much!

.00126 and 57%

gogooma · September 2016

Sorry, could you also please provide the MF and Residual for a 2016 T6 Momentum as well? 36/10k in NJ. Thanks again!

Michaell · September 2016

gogooma said:
Sorry, could you also please provide the MF and Residual for a 2016 T6 Momentum as well? 36/10k in NJ. Thanks again!

.00111 and 57%

jkipster · September 2016

Do you have the MF, residual, and incentives on the XC90 Hybrid T8 AWD?

30/36/39 months at 10 and 12K/yr please.

Thanks.

kyfdx · September 2016

jkipster said:
Do you have the MF, residual, and incentives on the XC90 Hybrid T8 AWD?

30/36/39 months at 10 and 12K/yr please.

Thanks.

I don't see Hybrid numbers listed, unless all the T8s are hybrid?

Michaell · September 2016

kyfdx said:

jkipster said:
Do you have the MF, residual, and incentives on the XC90 Hybrid T8 AWD?

30/36/39 months at 10 and 12K/yr please.

Thanks.
I don't see Hybrid numbers listed, unless all the T8s are hybrid?

I'm pretty sure the T8 is the twin-power, or hybrid, model.

What trim level?

jkipster · September 2016

Michaell said:

kyfdx said:

jkipster said:
Do you have the MF, residual, and incentives on the XC90 Hybrid T8 AWD?

30/36/39 months at 10 and 12K/yr please.

Thanks.
I don't see Hybrid numbers listed, unless all the T8s are hybrid?
I'm pretty sure the T8 is the twin-power, or hybrid, model.

What trim level?

Yes, T8's are the AWD hybrid. T8 Momentum please.

Michaell · September 2016

jkipster said:

Michaell said:

kyfdx said:

jkipster said:
Do you have the MF, residual, and incentives on the XC90 Hybrid T8 AWD?

30/36/39 months at 10 and 12K/yr please.

Thanks.
I don't see Hybrid numbers listed, unless all the T8s are hybrid?
I'm pretty sure the T8 is the twin-power, or hybrid, model.

What trim level?
Yes, T8's are the AWD hybrid. T8 Momentum please.

30/12 - .00083 and 54%
36/12 - .00091 and 47%
39/12 - .00091 and 45%

$4585 "non cash credit"

jkipster · September 2016

Michaell said:

Do you have the MF, residual, and incentives on the XC90 Hybrid T8 AWD? 30/36/39 months at 10 and 12K/yr please. Thanks.
I don't see Hybrid numbers listed, unless all the T8s are hybrid?
I'm pretty sure the T8 is the twin-power, or hybrid, model. What trim level?
Yes, T8's are the AWD hybrid. T8 Momentum please.
30/12 - .00083 and 54% 36/12 - .00091 and 47% 39/12 - .00091 and 45% $4585 "non cash credit"

Do they have residuals for 10k and 7.5k?

gogooma · September 2016

Is it typical for dealers to "pad" the base MFs you are quoting? Or is that considered an unscrupulous practice. Just wondering how firm you should stand your ground if they use a higher MF in their lease calculations, assuming that you qualify for the lowest MF.

kyfdx · September 2016

jkipster said:

Michaell said:

jkipster said:

Michaell said:

kyfdx said:

jkipster said:
Do you have the MF, residual, and incentives on the XC90 Hybrid T8 AWD?

30/36/39 months at 10 and 12K/yr please.

Thanks.
I don't see Hybrid numbers listed, unless all the T8s are hybrid?
I'm pretty sure the T8 is the twin-power, or hybrid, model.

What trim level?
Yes, T8's are the AWD hybrid. T8 Momentum please.
30/12 - .00083 and 54%
36/12 - .00091 and 47%
39/12 - .00091 and 45%

$4585 "non cash credit"

Do they have residuals for 10k and 7.5k?

Add 1% or 2% to the 12K/yr numbers

Michaell · September 2016

gogooma said:
Is it typical for dealers to "pad" the base MFs you are quoting? Or is that considered an unscrupulous practice. Just wondering how firm you should stand your ground if they use a higher MF in their lease calculations, assuming that you qualify for the lowest MF.

Yes, dealer can inflate the MF for extra profit. If your calculations don't match theirs, and you suspect this, be polite and tell them you won't sign a deal with a marked up MF.

jkipster · September 2016

Do you also have the MF and residual for the 2016 T8 AWD hybrid for 24/12k?

Michaell · September 2016

jkipster said:
Do you also have the MF and residual for the 2016 T8 AWD hybrid for 24/12k?

What trim level?

jkipster · September 2016

Michaell said:

Do you also have the MF and residual for the 2016 T8 AWD hybrid for 24/12k?
What trim level?

Momentum. Thanks.

Michaell · September 2016

jkipster said:

Michaell said:

jkipster said:
Do you also have the MF and residual for the 2016 T8 AWD hybrid for 24/12k?
What trim level?

Momentum. Thanks.

.00083 and 58%

jkipster · September 2016

Thanks to Michaell and Kyfdx for confirming the terms of the XC90. I just want to share the deal that I was able to negotiate yesterday for the community. Had been all in on the 2017 T5 but was steered to the great terms on the leftover 2016 T8's.

2016 XC90 T8 Momentum AWD Hybrid fully loaded
30month/12K (30 month is the current sweet spot)
MSRP: $76,710
Selling price: $62,000
Residual: 54% $41,413
Money Factor: 0.00033 (from 0.00083 with 10 deposits)
Capped Bank Fee: $995 (I know it's marked up but he wasn't budging as we also did deposits to cut into their profit)
Capped Doc Fee: $80
Gross Cap Cost: $63,075
Net cap cost: $60,021

Rebate of $4,585 applied as:
Cap Cost Reduction: $3,054
Sales tax on CCR: $275
DMV: $544
First Month: $712

Base Monthly $653 + 9% tax

Drive offs of $7,500 covering 10 $750 refundable security deposits. Also received a check for $530 to cover the last payment of the current lease.

I thought this was a great deal on effectively a zero drive off lease for a loaded car.

Michaell · September 2016

jkipster said:
Thanks to Michaell and Kyfdx for confirming the terms of the XC90. I just want to share the deal that I was able to negotiate yesterday for the community. Had been all in on the 2017 T5 but was steered to the great terms on the leftover 2016 T8's.

2016 XC90 T8 Momentum AWD Hybrid fully loaded
30month/12K (30 month is the current sweet spot)
MSRP: $76,710
Selling price: $62,000
Residual: 54% $41,413
Money Factor: 0.00033 (from 0.00083 with 10 deposits)
Capped Bank Fee: $995 (I know it's marked up but he wasn't budging as we also did deposits to cut into their profit)
Capped Doc Fee: $80
Gross Cap Cost: $63,075
Net cap cost: $60,021

Rebate of $4,585 applied as:
Cap Cost Reduction: $3,054
Sales tax on CCR: $275
DMV: $544
First Month: $712

Base Monthly $653 + 9% tax

Drive offs of $7,500 covering 10 $750 refundable security deposits. Also received a check for $530 to cover the last payment of the current lease.

I thought this was a great deal on effectively a zero drive off lease for a loaded car.

Sweet deal! Congrats and thanks for sharing your details with us.

josad99 · September 2016

Can I get the residual and money factor for the 2016 T8 AWD hybrid Inscription for 30/12 and 36/12?

Also, does the $4,585 credit apply to Inscription as well as Momentum models?

- thanks in advance

kyfdx · September 2016

josad99 said:
Can I get the residual and money factor for the 2016 T8 AWD hybrid Inscription for 30/12 and 36/12?

Also, does the $4,585 credit apply to Inscription as well as Momentum models?

- thanks in advance

.00100 MF and 52% residual
.00114 MF and 44% residual
$4585 non-Cash Credit

The credit is on all 2016 T8 models.

josad99 · September 2016

jkipster said:
Thanks to Michaell and Kyfdx for confirming the terms of the XC90. I just want to share the deal that I was able to negotiate yesterday for the community. Had been all in on the 2017 T5 but was steered to the great terms on the leftover 2016 T8's.

2016 XC90 T8 Momentum AWD Hybrid fully loaded
30month/12K (30 month is the current sweet spot)
MSRP: $76,710
Selling price: $62,000
Residual: 54% $41,413
Money Factor: 0.00033 (from 0.00083 with 10 deposits)
Capped Bank Fee: $995 (I know it's marked up but he wasn't budging as we also did deposits to cut into their profit)
Capped Doc Fee: $80
Gross Cap Cost: $63,075
Net cap cost: $60,021

Rebate of $4,585 applied as:
Cap Cost Reduction: $3,054
Sales tax on CCR: $275
DMV: $544
First Month: $712

Base Monthly $653 + 9% tax

Drive offs of $7,500 covering 10 $750 refundable security deposits. Also received a check for $530 to cover the last payment of the current lease.

I thought this was a great deal on effectively a zero drive off lease for a loaded car.

That is an amazing deal - what dealership was that at?

jkipster · September 2016

josad99 said:

Thanks to Michaell and Kyfdx for confirming the terms of the XC90. I just want to share the deal that I was able to negotiate yesterday for the community. Had been all in on the 2017 T5 but was steered to the great terms on the leftover 2016 T8's. 2016 XC90 T8 Momentum AWD Hybrid fully loaded 30month/12K (30 month is the current sweet spot) MSRP: $76,710 Selling price: $62,000 Residual: 54% $41,413 Money Factor: 0.00033 (from 0.00083 with 10 deposits) Capped Bank Fee: $995 (I know it's marked up but he wasn't budging as we also did deposits to cut into their profit) Capped Doc Fee: $80 Gross Cap Cost: $63,075 Net cap cost: $60,021 Rebate of $4,585 applied as: Cap Cost Reduction: $3,054 Sales tax on CCR: $275 DMV: $544 First Month: $712 Base Monthly $653 + 9% tax Drive offs of $7,500 covering 10 $750 refundable security deposits. Also received a check for $530 to cover the last payment of the current lease. I thought this was a great deal on effectively a zero drive off lease for a loaded car.
That is an amazing deal - what dealership was that at?

Ontario (SoCal). I was subsequently offered $685 all in at another dealership in a different color that we didn't want. PM me for details if it is allowed.

Michaell · September 2016

jkipster said:

josad99 said:

jkipster said:
Thanks to Michaell and Kyfdx for confirming the terms of the XC90. I just want to share the deal that I was able to negotiate yesterday for the community. Had been all in on the 2017 T5 but was steered to the great terms on the leftover 2016 T8's.

2016 XC90 T8 Momentum AWD Hybrid fully loaded
30month/12K (30 month is the current sweet spot)
MSRP: $76,710
Selling price: $62,000
Residual: 54% $41,413
Money Factor: 0.00033 (from 0.00083 with 10 deposits)
Capped Bank Fee: $995 (I know it's marked up but he wasn't budging as we also did deposits to cut into their profit)
Capped Doc Fee: $80
Gross Cap Cost: $63,075
Net cap cost: $60,021

Rebate of $4,585 applied as:
Cap Cost Reduction: $3,054
Sales tax on CCR: $275
DMV: $544
First Month: $712

Base Monthly $653 + 9% tax

Drive offs of $7,500 covering 10 $750 refundable security deposits. Also received a check for $530 to cover the last payment of the current lease.

I thought this was a great deal on effectively a zero drive off lease for a loaded car.
That is an amazing deal - what dealership was that at?

Ontario (SoCal). I was subsequently offered $685 all in at another dealership in a different color that we didn't want. PM me for details if it is allowed.

You are welcome to share the dealer and salesman name here. Just no contact info.

djv_165 · September 2016

So, What is your thought on 2016 T8 issues in various forums? Are you worried? Not worried?

josad99 said:

jkipster said:
Thanks to Michaell and Kyfdx for confirming the terms of the XC90. I just want to share the deal that I was able to negotiate yesterday for the community. Had been all in on the 2017 T5 but was steered to the great terms on the leftover 2016 T8's.

2016 XC90 T8 Momentum AWD Hybrid fully loaded
30month/12K (30 month is the current sweet spot)
MSRP: $76,710
Selling price: $62,000
Residual: 54% $41,413
Money Factor: 0.00033 (from 0.00083 with 10 deposits)
Capped Bank Fee: $995 (I know it's marked up but he wasn't budging as we also did deposits to cut into their profit)
Capped Doc Fee: $80
Gross Cap Cost: $63,075
Net cap cost: $60,021

Rebate of $4,585 applied as:
Cap Cost Reduction: $3,054
Sales tax on CCR: $275
DMV: $544
First Month: $712

Base Monthly $653 + 9% tax

Drive offs of $7,500 covering 10 $750 refundable security deposits. Also received a check for $530 to cover the last payment of the current lease.

I thought this was a great deal on effectively a zero drive off lease for a loaded car.
That is an amazing deal - what dealership was that at?

jkipster · September 2016

djv_165 said:
So, What is your thought on 2016 T8 issues in various forums? Are you worried? Not worried?

josad99 said:

jkipster said:
Thanks to Michaell and Kyfdx for confirming the terms of the XC90. I just want to share the deal that I was able to negotiate yesterday for the community. Had been all in on the 2017 T5 but was steered to the great terms on the leftover 2016 T8's.

2016 XC90 T8 Momentum AWD Hybrid fully loaded
30month/12K (30 month is the current sweet spot)
MSRP: $76,710
Selling price: $62,000
Residual: 54% $41,413
Money Factor: 0.00033 (from 0.00083 with 10 deposits)
Capped Bank Fee: $995 (I know it's marked up but he wasn't budging as we also did deposits to cut into their profit)
Capped Doc Fee: $80
Gross Cap Cost: $63,075
Net cap cost: $60,021

Rebate of $4,585 applied as:
Cap Cost Reduction: $3,054
Sales tax on CCR: $275
DMV: $544
First Month: $712

Base Monthly $653 + 9% tax

Drive offs of $7,500 covering 10 $750 refundable security deposits. Also received a check for $530 to cover the last payment of the current lease.

I thought this was a great deal on effectively a zero drive off lease for a loaded car.
That is an amazing deal - what dealership was that at?

I negotiated this for a friend of mine so I'm not aware of what issues people have complained about. That said, that's the advantage of leasing. The car is fully under warranty the entire term and with Volvo striving to be a luxury brand, I would expect any issues to be addressed with great service by the dealer.

Also, where we are in California, the T8 is eligible for a $1,500 electric car rebate. On the 30 month lease, that's another $50 a month off.

djv_165 · September 2016

Primarily issues are with battery; system failure; inverter issues. There's some recall planned as well. I love XC90 T8 but because of these issues in forums leaning toward X5 40e.

jkipster said:

djv_165 said:
So, What is your thought on 2016 T8 issues in various forums? Are you worried? Not worried?

josad99 said:

jkipster said:
Thanks to Michaell and Kyfdx for confirming the terms of the XC90. I just want to share the deal that I was able to negotiate yesterday for the community. Had been all in on the 2017 T5 but was steered to the great terms on the leftover 2016 T8's.

2016 XC90 T8 Momentum AWD Hybrid fully loaded
30month/12K (30 month is the current sweet spot)
MSRP: $76,710
Selling price: $62,000
Residual: 54% $41,413
Money Factor: 0.00033 (from 0.00083 with 10 deposits)
Capped Bank Fee: $995 (I know it's marked up but he wasn't budging as we also did deposits to cut into their profit)
Capped Doc Fee: $80
Gross Cap Cost: $63,075
Net cap cost: $60,021

Rebate of $4,585 applied as:
Cap Cost Reduction: $3,054
Sales tax on CCR: $275
DMV: $544
First Month: $712

Base Monthly $653 + 9% tax

Drive offs of $7,500 covering 10 $750 refundable security deposits. Also received a check for $530 to cover the last payment of the current lease.

I thought this was a great deal on effectively a zero drive off lease for a loaded car.
That is an amazing deal - what dealership was that at?

I negotiated this for a friend of mine so I'm not aware of what issues people have complained about. That said, that's the advantage of leasing. The car is fully under warranty the entire term and with Volvo striving to be a luxury brand, I would expect any issues to be addressed with great service by the dealer.

Also, where we are in California, the T8 is eligible for a $1,500 electric car rebate. On the 30 month lease, that's another $50 a month off.

jkipster · September 2016

djv_165 said:
Primarily issues are with battery; system failure; inverter issues. There's some recall planned as well. I love XC90 T8 but because of these issues in forums leaning toward X5 40e.

jkipster said:

djv_165 said:
So, What is your thought on 2016 T8 issues in various forums? Are you worried? Not worried?

josad99 said:

jkipster said:
Thanks to Michaell and Kyfdx for confirming the terms of the XC90. I just want to share the deal that I was able to negotiate yesterday for the community. Had been all in on the 2017 T5 but was steered to the great terms on the leftover 2016 T8's.

2016 XC90 T8 Momentum AWD Hybrid fully loaded
30month/12K (30 month is the current sweet spot)
MSRP: $76,710
Selling price: $62,000
Residual: 54% $41,413
Money Factor: 0.00033 (from 0.00083 with 10 deposits)
Capped Bank Fee: $995 (I know it's marked up but he wasn't budging as we also did deposits to cut into their profit)
Capped Doc Fee: $80
Gross Cap Cost: $63,075
Net cap cost: $60,021

Rebate of $4,585 applied as:
Cap Cost Reduction: $3,054
Sales tax on CCR: $275
DMV: $544
First Month: $712

Base Monthly $653 + 9% tax

Drive offs of $7,500 covering 10 $750 refundable security deposits. Also received a check for $530 to cover the last payment of the current lease.

I thought this was a great deal on effectively a zero drive off lease for a loaded car.
That is an amazing deal - what dealership was that at?

I negotiated this for a friend of mine so I'm not aware of what issues people have complained about. That said, that's the advantage of leasing. The car is fully under warranty the entire term and with Volvo striving to be a luxury brand, I would expect any issues to be addressed with great service by the dealer.

Also, where we are in California, the T8 is eligible for a $1,500 electric car rebate. On the 30 month lease, that's another $50 a month off.

Those don't sound minor and certainly explain the big discounts and low residuals! Is a comparably equipped 40e about the same to lease?

yuanfen888 · October 2016

Could I have the MF and residual for 2016 T8 R design 10k/30, 10k/36, 12k/30 and 12k/36
Really appreciate it!

kyfdx · October 2016

yuanfen888 said:
Could I have the MF and residual for 2016 T8 R design 10k/30, 10k/36, 12k/30 and 12k/36
Really appreciate it!

.00160 MF and 55%/52% residual for 30/36 mo, 12K/yr
Add 1% for 10K/yr
$4585 Volvo Allowance

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