XC90 2021 Inscription offer

exmexm Member Posts: 52
edited December 2020 in Volvo
Got the following offer for a 36/7.5k lease in zip 11530
XC90 2021 Inscription
MSRP IS 67,460.00
SELLING PRICE 58,212.00 includes $2750 lease bonus, $1000 loyalty, $750 A-Plus
$0 down, NY Sales tax included in monthly payments

$770 a month

Is that a fair price? The dealer is claiming that with the cash back bonus I can't get 0% APR, so he's using a 3.62% APR.

Comments

  • MichaellMichaell ColoradoModerator Posts: 194,801
    exm said:

    Got the following offer for a 36/7.5k lease in zip 11530
    XC90 2021 Inscription
    MSRP IS 67,460.00
    SELLING PRICE 58,212.00 includes $2750 lease bonus, $1000 loyalty, $750 A-Plus
    $0 down, NY Sales tax included in monthly payments

    $770 a month

    Is that a fair price? The dealer is claiming that with the cash back bonus I can't get 0% APR, so he's using a 3.62% APR.

    Which engine?

    If T6, how many seats?

    What is the adjusted cap cost, if the taxes are rolled in?

    Absolutely $0 due from you at signing?

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  • exmexm Member Posts: 52
    Thanks, sorry for leaving out details. T6 Inscription AWD 7 passenger. $0 Down.

    NYS tax is 8.625% but I'm getting seeing conflicting information if they charge this over the sale price, or the sale-residual (monthly payments). I believe it should be monthly payments ($653*36 + $3,500) * 8.625% = $2,329 + $1384 misc fees = $3,713. So adjust cap cost is $61,925.

    leasehackr.com/calculator?make=Volvo&miles=7500&msd=0&msrp=68000&sales_price=62712&months=36&mf=0.00122&dp=0&dealer_fee=995&acq_fee=385&taxed_inc=3500&untaxed_inc=1000&rebate=0&resP=58&reg_fee=0&sales_tax=8.625&demo_mileage=0&memo=&acqFee_check=true&zero_driveoff=true&totalLeaseTax_radio=true
  • MichaellMichaell ColoradoModerator Posts: 194,801
    exm said:

    Thanks, sorry for leaving out details. T6 Inscription AWD 7 passenger. $0 Down.

    NYS tax is 8.625% but I'm getting seeing conflicting information if they charge this over the sale price, or the sale-residual (monthly payments). I believe it should be monthly payments ($653*36 + $3,500) * 8.625% = $2,329 + $1384 misc fees = $3,713. So adjust cap cost is $61,925.

    leasehackr.com/calculator?make=Volvo&miles=7500&msd=0&msrp=68000&sales_price=62712&months=36&mf=0.00122&dp=0&dealer_fee=995&acq_fee=385&taxed_inc=3500&untaxed_inc=1000&rebate=0&resP=58&reg_fee=0&sales_tax=8.625&demo_mileage=0&memo=&acqFee_check=true&zero_driveoff=true&totalLeaseTax_radio=true

    .00122 and 58%
    $2750 lease bonus

    The lease bonus is to the dealer and is untaxed.

    But, your approach is correct - NY taxes the sum of the payments, the taxable incentives and the dealer and acquisition fees.

    One thing to note - if you roll the taxes into the monthly payment, the taxes get taxed again, due to a quirk in NY law. We recommend you pay the taxes up front, along with the first payment and registration costs, at signing.

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  • exmexm Member Posts: 52
    Thanks for the feedback, what are your thoughts on the dealer number with the information provided?
  • kyfdxkyfdx Moderator Posts: 199,201
    exm said:

    Thanks for the feedback, what are your thoughts on the dealer number with the information provided?

    What is the amount Due at Signing?

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  • exmexm Member Posts: 52
    For $770 it's $0

    If I want to pay the sales tax upfront, I just got these numbers in: $693.01 (36M) with $3300.00 DRIVE OFF
  • kyfdxkyfdx Moderator Posts: 199,201
    exm said:

    For $770 it's $0

    If I want to pay the sales tax upfront, I just got these numbers in: $693.01 (36M) with $3300.00 DRIVE OFF

    Seems like a reasonable deal for this model.

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  • Ezam1987Ezam1987 Member Posts: 39
    Hi there, can I get MF, incentives and RV on a 2021 Volvo XC90 Recharge Plug-In Hybrid T8 Inscription Expression 7 Passenger SUV for zip code 85282
  • MichaellMichaell ColoradoModerator Posts: 194,801
    Ezam1987 said:

    Hi there, can I get MF, incentives and RV on a 2021 Volvo XC90 Recharge Plug-In Hybrid T8 Inscription Expression 7 Passenger SUV for zip code 85282

    36/15
    .00152 and 58%
    $3750 lease bonus

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    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

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