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2018 XC60 T6 Momentum Lease Pricing in PA

volvo_gvolvo_g Member Posts: 6
edited March 2018 in Volvo
Got the following offer on a lease of a 2018 XC60 T6 Momentum:

MSRP $54,350
Sale price $48,686
Residual Value $30,980
36 month lease
10k miles per year
$2,000 down
$559.41 monthly payment
I didn't get the money factor but will follow up

Options: vision, advanced, heated front seats, 20" momentum wheels, hands-free tailgate.

Sound like a decent lease deal?
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    kyfdxkyfdx Moderator Posts: 237,185
    volvo_g said:

    Got the following offer on a lease of a 2018 XC60 T6 Momentum:

    MSRP $54,350
    Sale price $48,686
    Residual Value $30,980
    36 month lease
    10k miles per year
    $2,000 down
    $559.41 monthly payment
    I didn't get the money factor but will follow up

    Options: vision, advanced, heated front seats, 20" momentum wheels, hands-free tailgate.

    Sound like a decent lease deal?

    .00028 MF and 57% residual

    What state?
    Sales tax rate?

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    volvo_gvolvo_g Member Posts: 6
    In Pennsylvania, sales tax should be 6%
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    kyfdxkyfdx Moderator Posts: 237,185
    volvo_g said:

    In Pennsylvania, sales tax should be 6%

    PA has an extra 3% tax on leases

    If we assume that $2000 covers first payment + DMV fees + $695 acq.fee, then I get $514/mo.+tax
    $560/mo. total.

    Ask for an itemization of those upfront charges.

    But, this looks like a decent deal.

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    volvo_gvolvo_g Member Posts: 6
    Thanks again for the information.
    I checked back on the info the dealer gave me and had a few fee numbers

    Govt fees $33
    Proc/Doc fees $231
    Acquisition fees $995 (higher than the number you have above)
    Gross Cap Cost $49,763
    Residual Value $30,980

    Before I agree to anything I will confirm but my assumption is that the $2,000 will cover the first payment and fees.

    I am a current Volvo owner so the pricing above includes the Volvo Loyalty savings.
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    kyfdxkyfdx Moderator Posts: 237,185
    volvo_g said:

    Thanks again for the information.
    I checked back on the info the dealer gave me and had a few fee numbers

    Govt fees $33
    Proc/Doc fees $231
    Acquisition fees $995 (higher than the number you have above)
    Gross Cap Cost $49,763
    Residual Value $30,980

    Before I agree to anything I will confirm but my assumption is that the $2,000 will cover the first payment and fees.

    I am a current Volvo owner so the pricing above includes the Volvo Loyalty savings.

    Acquisition fee is marked up $300 for extra profit.

    Still looks pretty good.

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    volvo_gvolvo_g Member Posts: 6
    Thanks again. I have been reading your feedback in the bigger forum post with leasing info requests. Very helpful.

    After reading all the other comments I am now looking into possibly a 39 month lease. How much would the residual value and money factor changes on this in Pennsylvania?

    Also considering no money down other than first months payments, govt fees and doc prep fees. All together this looks like $824.35 down with a recurring monthly payment of $593.35. I like the idea of paying as little up front as possible in case of issues down the road.

    Thanks
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    kyfdxkyfdx Moderator Posts: 237,185
    volvo_g said:

    Thanks again. I have been reading your feedback in the bigger forum post with leasing info requests. Very helpful.

    After reading all the other comments I am now looking into possibly a 39 month lease. How much would the residual value and money factor changes on this in Pennsylvania?

    Also considering no money down other than first months payments, govt fees and doc prep fees. All together this looks like $824.35 down with a recurring monthly payment of $593.35. I like the idea of paying as little up front as possible in case of issues down the road.

    Thanks

    54% residual for 39 months.

    Doubtful that will change the payment, much at all.

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