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Prices Paid: Buying & Leasing Experiences Volvo XC70 V70 Prices Paid and Buying Experience
378 messages, Last post on Nov 01, 2009 at 6:40 PM
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Replying to: bombay1 (Dec 23, 2007 11:20 am) |
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Hi All, I am here searching for issues reported by current 2008 XC70 owners. I see allot of postings about price so I will provide that info. I leased my 08 XC70 back in October for $520 per month for 30 months with 10K miles per year. It had an MSRP of $45095. I only paid Tax, tags and $500 deposit. This was the best deal I could find in my area. My friend leased one just after me with an MSRP of 42K and some change and he is paying $700.00 per month...OUCH. I love the car, it is very luxurious and has some cool features like the Personal Car Communicator, and Blind Spot Warning System. The down sides have been poor gas mileage that is usually around 17-18 mpg in mixed driving but mostly highway and a problems with rattles and steering issues. The rattles for the most part have been toned down by the service departments efforts but are still present to a certain degree. The steering issues have remained unresolved to date after 4 repair attempts. The car makes a popping or clunking sound the subframe is flexed during turning such as leaving a parking lot. I have put in a complaint and hope the car gets replaced under the lemon law.  Currently we are having our first winter storm and instead of driving the in the safety of our AWD Volvo we are commuting in a Prius. Our Volvo remains in a million peices at the dealer with the front end torn apart. I am affraid of what new issues will come up once it is "thrown" back together. On a better note, my friend has not yet had any issues with his XC70 so it may be that I just got a bad apple. Good luck to those of you getting ready to purchase a new one. You may need it!!!  As far as the sales experience... I shopped all the dealers in my area and had a terrible experience. Most sales poeple knew nothing about the car and two could not tell the difference between an 2007 and an 2008. To make a long story short, most local dealers would not take much of the MSRP (in October 07). Come to find out that at the quarterly sales meetings all the dealers GM's agreed not to discount the cars. This caused a big issue when I told my discounted quote form one dealer to another. PRICE FIXING came to mind.... 
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My wife and I live in Seattle area. We just bought a brand new 08 XC70 with Premium, Convenience, Climate, PCC, hands-free bluetooth and booster seats. Here are some observations from the purchase experience and the car itself: 1. In Seattle area, no one can beat Sandberg Volvo's price. We paid $37,600 for our package pretax (white exterior and beige interior). 2. We tried to find all kinds of discounts: family member who has a Volvo, Costco membership, etc. But we didn't need them in Sandberg. Their price was $1000 lower at least and we were told that they did so by keeping advertising low. 3. Sandberg sold us $3700 worth of additional options (7 year coverage, 3 yr road hazard, chip protection), which was $500 less than the original price. 4. My first choice of dealer, Barrier in Bellevue, offers many niceties (e.g. free webcam enabled carwash facilities) but they couldn't match the price we were offered in Sandberg. Another dealer, University Volvo, promoted a leasing package that is only $33K. But by my rough calculation, the actual cost amounts to a $4K interest payment off a $16K loan over 3 years. 5. No I am not affiliated in any way with Sandberg. But I do buy their "no ads budget" explanation and thought I should help them out here. We love our XC70, obviously (worth $45,551 to be exact). However, after 1st day of driving, here are something other buyers may want to know: 1. The 235hp engine is high on torque but low on kick. Acceleration comes with pretty noticeable noise that is at least two notches louder on the car radio scale (i.e. you have to tune the radio louder by at least that much to hear the same volume) 2. NOTE THIS: in a stop-and-go situation (e.g. congested highway), you may feel not-infrequent jerking. It is as if the auto transmission doesn't know which gear to engage. This is particularly so if you just let go the brake or tap on the gas slightly. Hope this helps other buyers. Enjoy! |
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Replying to: bombay1 (Dec 23, 2007 11:20 am) |
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I just ran across a new '07 with Premium Package, Climate Package and Navigation on a lot in the mid-Atlantic. Anyone have an idea of a good price? My review of the posts and my thinking that they really want to lose this car before the end of the month -- and the fact that the '08s rule their lot -- makes me think I can get them to bite on $31,000. It's MSRP is $43,500. Should I shoot for more off, or am I dreaming that they will take $12k off this car. Thoughts?
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After a few days of haggling and going back-and-forth on details, my wife and I decided to pull the trigger and buy a "new" 2007 XC70 (blue with navigation, Premium package and Climate package) with 300 test-drive miles. This car was sitting on the Darcars Volvo lot in Rockville, Maryland and was among a lot of redesigned and significantly more expensive 2008s. I had visited the lot two times and talked with three different sales people and one general manager about the car and a potential purchase. In the end, I had a great price and was happy about the buying decision. On the big day, I took off an afternoon of work and made the journey from Virginia to Maryland to get the car. It was washed, gassed and ready for us when we arrived. A few handshakes with sales folks and we were in the finance office ready to sign papers on our "new" car. Well, so we thought. One of the first pieces of paper that was stuck in front of us was a disclaimer of sorts that said we understood and acknowledge that the car was originally purchased and taken back by the dealer. Umm, red flag! We were told by the FI guy that the original buyer (eight months earlier) couldn't get financing, so the dealer got the car back. He told us that this happens "all the time." I asked to talk to the sales manager and, again, he assured us that this car was new and had never been titled. We didn't feel comfortable, but a free luggage matt for the back of the car and we were still ready for the purchase. My wife then asked a simple question ... "how do we know that this original buyer didn't get in an accident or something." The FI guy said he had the car history right there on his computer. He proceeded to pull up a screen that showed five incidences on this car. Three of the line items indicated charging after receiving the car from the factory, prep for sale and something else that was related to preparing the car for sale. But two other entries showed an electronics issue that made the engine fail and another that had the airbags warning light going off. Both of these issues happened around 100 miles and were right around the same time the original buyer allegedly couldn't get loan approval and the car was taken back by the dealer. More digging, we found out that the buyer brought the car back right after the purchase (within a day or so) for these issues and receive a loaner car. My thinking is, why would someone that couldn't get approved for a loan bring the car back? And why on Earth would the dealership give this cash-strapped person a Volvo loaner car? Well, a little more digging and talking with my original salesman and I learned that the original owner brought the car back immediately after buying it because of the problems with the electronics, and then the car was fixed by the dealership. I'm assuming that the owner decided that this car was a lemon and wanted to get out of the deal. The sales folks and dealership didn't call it a buy back, but I believe that's exactly what happened. So, after some calls to friends in the car business and some intense marital discussions, we walked out of the finance office and out of the dealership. Bottom line: Darcars Volvo in Rockville, Maryland attempted to sell us a car that was supposed to be new, but had actually been bought and returned by another person. They NEVER told me that the car was bought and returned with electrical problems when I was first looking at the car. They NEVER told me that the car was bought and returned with electrical problems when I was haggling over the price. They never told me anything, except that this was a NEW car. They never said a word, until I was in the finance office and ready to make the purchase. Not cool, people! After a few hours of fuming, we called the dealership and talked with the sales manager (the GM was out sick). They still stand behind their position that this is a new car since it had never been titled. So, buyer beware at Darcars Volvo in Rockville, Maryland. |
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Replying to: steelekai (Feb 01, 2008 2:43 pm)
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Replying to: crestonave (Feb 02, 2008 9:18 am) A crock is a nice way to put it. I can't prove it, but I assume the original buyer brought back the car within a day or so of owning it with the electrical problem. Then, after the dealer fixed the car, another problem with the EBS warning light. After that the owner told them to take the car back. Instead of doing a "buy back," the dealer could say that the bank financing didn't go through for whatever reason (increase in interest rate or the buyer couldn't land the financing), so they could stick the car back in the new-car inventory. Interestingly, the dealer has five other '07 XC70s without navigation as loaner cars. This car that I almost bought was the only '07 they had with navigation. I'm assuming they didn't want to eat the cost of the car and was trying to pass it off as a new car. Another note, after writing this posting, my wife went back and forth with the GM of the dealership and she’s actually standing behind their position. However, in one conversation she told my wife that they pulled the car from the lot. In the next conversation a few hours later, she tried to sell my wife the car again as a "new" car, but with an extended three-year warranty. She also said she would give us a "deal" and sell us an equal '08 for invoice ($46k). That's very nice of her, but I think I would rather put my finger in an outlet. Please spread the word that Darcars Volvo in Rockville, Maryland has questionable ethics. |
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