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Can you evaluate my deal? Thanks

ctlease20ctlease20 Member Posts: 6
edited March 2020 in Volvo
2020 Volvo XC90 T5 Momentum AWD
Connecticut
MSRP - 56,205
Selling Price - $48,250
36 months/10k miles

Cash Down - $3,500 (including registration, first months payment, etc)
Incentives - $2,500 incentives + $500 off for being current volvo customer
money factor - .00193 (edmunds said . 00173)
Monthly - $439

Also, because of the interest rates going down.. does this impact the factor rate?

Thanks!
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  • kyfdxkyfdx Moderator Posts: 236,760
    ctlease20 said:

    2020 Volvo XC90 T5 Momentum AWD
    Connecticut
    MSRP - 56,205
    Selling Price - $48,250
    36 months/10k miles

    Cash Down - $3,500 (including registration, first months payment, etc)
    Incentives - $2,500 incentives + $500 off for being current volvo customer
    money factor - .00193 (edmunds said . 00173)
    Monthly - $439

    Also, because of the interest rates going down.. does this impact the factor rate?

    Thanks!

    .00173 MF and 62% residual
    $1000 Volvo Allowance
    $1000 lease bonus

    Do you have the adjusted CAP cost?

    $524/mo all-in seems reasonable for a $56K MSRP vehicle.

    Money factors are only adjusted when the new programs come out each month. They don't track the Federal Reserve overnight bank rate, though.

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  • ctlease20ctlease20 Member Posts: 6
    Hey.. sorry for the delay.

    CAP Cost is $48,250

    Btw, I meant to say the monthly is $539 (I said $439 above).

    Thoughts? Thanks in advance!
  • kyfdxkyfdx Moderator Posts: 236,760
    ctlease20 said:

    Hey.. sorry for the delay.

    CAP Cost is $48,250

    Btw, I meant to say the monthly is $539 (I said $439 above).

    Thoughts? Thanks in advance!

    Yeah.. that's $100/mo higher than your first post...

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  • MichaellMichaell Moderator Posts: 240,997
    kyfdx said:

    ctlease20 said:

    Hey.. sorry for the delay.

    CAP Cost is $48,250

    Btw, I meant to say the monthly is $539 (I said $439 above).

    Thoughts? Thanks in advance!

    Yeah.. that's $100/mo higher than your first post...
    $549/mo with the base MF and assuming 6.35% sales tax.

    MF bump adds $18/mo to the payment.

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  • ctlease20ctlease20 Member Posts: 6
    My bad about the monthly amount. Stupid typo.

    Thoughts on if it's a good deal?
  • MichaellMichaell Moderator Posts: 240,997
    ctlease20 said:

    My bad about the monthly amount. Stupid typo.

    Thoughts on if it's a good deal?

    Given that my calculations result in a higher payment than your quote, I'd say it's a good deal.

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