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Prices Paid: Buying & Leasing Experiences Volvo XC90 Prices Paid and Buying Experience
1609 messages, Last post on Sep 04, 2008 at 11:13 AM
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I ended up finalizing my lease of a Ice White XC90 2.5T AWD yesterday from DarCars Volvo in Rockville (they offered the most competitive bid over all Northern Va dealers and the other MD DC dealers). Here are the details: 2.5T AWD Ice White Premium Package Climate Package Versatility Package Reverse Warning BiXeon Lights Wood Steering Cargo Net Price was invoice ($41,092) plus ($250) ad fee minus $2000 dealer cash for a sale price of $39,342. Note that I couldn't get the free versatility ($1806) because I opted instead for the $2000 dealer cash. SUV is fresh off the Baltimore port (arrived from Sweden on June 28). Money factor is .0021, residual is 54% and MSRP is $44095. Lease is 36 months, 15,000 miles a year. Monthly lease (through Chase) is $587.78 plus tax ($1972), tags/title/registration ($161) plus assignment fee ($795) for total of $654.50. Walked out of the dealership only having to make the first month's payment of $654.50. Dealership also bought my 2001 XC70 from VFNA so I didn't have to worry about disposition fees or Wear and Tear fees. Very smooth transaction. |
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I realize this is much later but I thought you may be interested in the deal I got on May 1st in central NJ. Vehicle details: T6 AWD Silver Premium Package Climate Package Versatility Package Reverse Warning BiXeon Lights Wood Steering NAV MSRP: $48,995 Cap cost: $41,800. 36 months; 15k miles 1,500 cash at closing includes DMV,first month payment. Lease through Wells Fargo, $512 (includes tax). I was very happy with this deal. 3k miles, absolutely no problems so far.
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Thanks to everyone who has contributed to this message board, it was very educational. I purchased a 2.5T AWD Black, Premium, Versatility, Climate, Wood Steering, & Premium Audio for invoice (May 1st) - $1,806 (incentive) - $360 (~dealer holdback?). The dealer was very cooperative. Better deals were available for less popular colors. The incentive did its job as it motivated my '04 purchase instead of waiting for the '05s. |
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Superbeagle - Your purchase price of $39,342 sounds very good, but your 36 month lease price of $654.50 sounds extremely high. Especially compared to $512.00 per month by akr for a T6 model identially equiped. The extra $850 +/- akr paid up front works out to less than $25 per month, so he's still at least $110 per month less in lease payment for a vehicle that stickers for nearly $5,000 more than yours. I must be missing something, but paying $23,562 in lease payments over 3 years and 45k miles for a XC90 2.5 seems outrageous, compared to just buying it for $39,342 (plus taxes). No? P.S. I've never leased, so my comments are not based upon experience as to what the lease payments should be. I am, however, about to sell my 1995 Nissan Maxima w/ 153k miles for $4,000. I paid $21,700, including taxes, 118 months ago (September 1994). Not including the time value of money, that $17,700 of depreciation works out to exactly $150 per month. Unfortunately, my accountant suggested depreciating the car rather than taking the mileage allowance on my tax returns. Had I gone with the 32 cents per mile average write-off, my 85% business use would have produced $41,600 in write offs over 10 years, for an after tax benefit of roughly $17,500. Meaning that my 10 year after tax cost on the Maxima would have been about $200. Now you know why I am having difficulty reconciling leasing economics.
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Replying to: habitat1 (Jul 02, 2004 7:20 am) I agree that akr got a great lease deal. Unfortunately, there is no way I could come close to his money factor rate in the D.C. area and I spent about a month negotiating among all the dealers. |
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Replying to: akr (Jul 01, 2004 7:29 pm) |
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Replying to: superbeagle (Jun 30, 2004 8:50 am) Would be great to know. |
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In Southern California. Just paid $36k+tax and license for an '04 2.5 FWD. Prem, Vers, Climate packages. Metallic paint. Reverse warning. Car stickers for $41.9k Most other dealers were offering about $37.5k (incentives in there). Word is that dealers are getting one more shipment within the next couple weeks, then nothing until '05s in Sept./Oct. Call around. They want to move these cars! |
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Replying to: socalgal (Jul 01, 2004 1:14 am) Sounds like a great deal you've got there. We are pretty much looking for the same-packaged car in SoCal as well, would you mind sharing which dealership did you buy your car from? May be we can share the wealth ;^) Thank you. - Victor
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After much negotiating, I finally bought mine today to take advantage of the Volvo promotion. So, how is this deal I got? My price is $41,741 (plus tax and fees) for a 2.5T AWD with metallic paint, premium, versatility, climate, navigation, 18" wheel, cargo net, and bi-xenon headlight. I'm also getting the Volvo 1.9% 36-month financing because my savings account pays 2.1%. The best part is I'm supposed to get another $500 rebate from Volvo America for being a AAA member (I still need to mail in the form). So, my final price is about $41,241 (plus tax and fees). |
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