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Volvo V70 Lease Questions

26 messages,  Last post on May 15, 2008 at 7:39 PM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

What is this discussion about? Volvo V70, Volvo V70 R, Car Leasing, Wagon


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#17 of 26
Re: I don't get it on lease options for V70 [bill165] by westend2
May 08, 2008 (7:54 pm)
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Replying to: bill165 (Mar 07, 2008 3:41 pm)

Hi Bill165, I just wanted you to know, you are not crazy. I too live on Long Island and have had exactly the same experience. Not only at Riverhead, but every other Volvo dealership as well. I currently lease a 2006 v70. I actually have a manual 5 speed ! The car has been excellent . I get great gas milage (because of the manual transmission and 5 cylinders) and your brakes last and last. The bad news is my lease is soon up, the 2008 V70's are no longer available in a manual and Volvo has increased the size of the engine to 6 cylinders. Probably one of the all time stupidest moves in the history of cars, but that's another whole email. Anyway back to trying to get some one to show you a 2008 V70 is practically useless. I don't get it. They only want to show you the gas guzzeling 4wheel drive 6 cylinder xc70 with two stupid metal gullies going down the back of the ramp. What the heck are those anyway ? And they don,t want to hear anything. They don't care if you are a repeat customer, they don't want to deal, I guess they are doing so well, that they must not need our business. Yesterday, I went to Volvoville, and looked at a certified car that has been on their lot for 2 monthes. ( I know because I looked at it then ).They offered me the same deal they offered me the first time, $400. off the sticker price and would not budge. I said I'll buy this car if you give me a better deal. They said no. I said you'd rather have the car sitting there than sell it ? The sales person answered, " it's not costing us anything ". ......... That just cost them a customer.
#18 of 26
2008 V70 & XC70 Lease Figures by ctorrey
May 13, 2008 (6:29 am)
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Car Man-
 
My significant other is finally ready to pull the trigger on either a new '08 V70 or XC70 lease. In advance of the visit to the showroom, I'd like to get updated figures (residuals & money factors) on 36 month / 10k mile leases for both the '08 V70 and XC70. The lease will be completed in May.
 
Thanks again! As always, very helpful!
#19 of 26
Re: 2008 V70 & XC70 Lease Figures [ctorrey] by cartalk8
May 13, 2008 (8:31 am)
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Replying to: ctorrey (May 13, 2008 6:29 am)

Here is a quote I recently got. This is after a few negotiations...
 
2008 V70 3.2
Seashell metallic with anthracite black leather
Premium package
Convenience package
Personal Car Communicator
17" alloy wheels
Silver roof rails
  
MSRP: $39,420
Invoice: $37,003
  
Your price (lease): $31,650.00
  
36 month lease with 12,000 miles/year = *$476.99 + tax/month with minimum drive-off of $793.71
  
36 month lease with 15,000 miles/year = *$487.69 + tax/month with minimum drive-off of $805.24
 
Hope this helps. I do have a quote on the XC70 as well..
2008 XC70 3.2 AWD
Ice white with sandstone beige leather
Premium package
Climate package
 
MSRP: $41,390
Invoice: $39,041
Your price (lease): $31,450
36 month lease with 15,000 miles/yr = *$471.15 + tax/month with minimum drive-off of $786.41
#20 of 26
Re: I don't get it on lease options for V70 [westend2] by stmss
May 13, 2008 (11:41 am)
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Replying to: westend2 (May 08, 2008 7:54 pm)

Probably one of the all time stupidest moves in the history of cars, but that's another whole email. Anyway back to trying to get some one to show you a 2008 V70 is practically useless. I don't get it. They only want to show you the gas guzzeling 4wheel drive 6 cylinder xc70
 
Hear! Hear! I just went through all this and when the dust settled, ended up with a Saab 9-5 Sportcombi. The V70 was actually going to cost me more than the XC70 - but I didn't want an XC70. I don't get it.
#21 of 26
Re: I don't get it on lease options for V70 [stmss] by westend2
May 13, 2008 (8:44 pm)
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Replying to: stmss (May 13, 2008 11:41 am)

Hi stmss- Lots of luck on your new Saab. It's a gorgeous car ! I too wound up buying another "brand" wagon. There are some of us out there who just want or need a plain old station wagon and since I'm not using it to climb up a mountain or anything I don't need the 4-wheel drive. Yes , the Volvo wagons are great cars, but they are also the largest station wagon in production at this time. They have no competition to their size. Perhaps this can account for the arrogance at the dealerships . ... perhaps they don't have to try so hard to sell them. I went to 5 Long Island dealerships and 1 in New Jersey over a two month period. In all that time, only one salesman showed me an actual V70 . He didn't even unlock the doors.!!! Also there is no reason for a V70 lease to cost more than an XC70. Ya think they're trying push the XC ?!! I don't get it ! .......I guess I'll never get it as I drive off into the sunset in my DIFFERENT BRAND wagon.
#22 of 26
Re: I don't get it on lease options for V70 [westend2] by stmss
May 14, 2008 (11:25 am)
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Replying to: westend2 (May 13, 2008 8:44 pm)

Out of interest - which brand did you end up with?
 
This is my second 9-5 so I kinda know what I am getting into.
 
I fear for the future of the plain old V70 - I would like them to introduce a larger wagon but the trend is to push everyone into a SUV or Xover. I am in western Canada so I don't think it is only a local Long Island issue. I had no problem with the dealer showing me a V70 but inventory was 10:1 favouring XC - hence the likely lower lease/purchase rates. I think the dealers fear they cannot resell a plain wagon these days when it comes off lease - but can turnaround an XC70. I found a similar thing happening at Audi a few years ago - dealers would not bring in or sell non-quattros - because they were stuck with them.
 
I still have my 99V70 wagon - not sure what I will do with it. Even in 99, I had to get it shipped in and the dealer could not understand why I wouldn't want an XC70. I told them - don't need AWD, don't need extra weight/complexity, lower fuel economy, didn't like the steroid look. Thought I was from another planet.
#24 of 26
Re: I don't get it on lease options for V70 [westend2] by westend2
May 14, 2008 (9:20 pm)
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Hi stmss, I can see you are a wagon person like me. I think the whole Volvo experience has turned me off to leasing. I have leased many cars (all wagons of course). I've had 3 Audi's among other cars. But you will probably be surprised to know that I found a 2003 Mercury Sable wagon with only 5100 miles on it. For $10600.00 , I own the car , insurance is less and I can put as much milage on it as I want . It's actually a beautiful car and it is as big as a V70 ! I still have the Volvo which I'll be returning shortly. I 'll owe on excess milage and a $398.00 acquision fee !!? What a rip! I pulled out my original contract to see if I could get out of it, but there it was and I signed it ! They don't exactly highlight it, but I will tell you I have never had to pay it with other manufacters' leases. So in the end you wind up paying to get rid of your leased car !
By the way, the Mercury Sable wagon is no longer in production. I think 2004 was the last year. Instead of buying Volvo, Ford should have decked out the interior of the Sable added a moonroof etc.,and gave the European luxury wagon manufacters a run for their money. They were so close, this car would surprise you.
#25 of 26
Re: I don't get it on lease options for V70 [westend2] by stmss
May 15, 2008 (12:23 pm)
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Replying to: westend2 (May 14, 2008 9:20 pm)

I looked at the Taurus wagon in 99. Mercury is no longer sold in Canada. And the Taurus is now the Freestyle (or vice versa) . I have a Freestyle for work and although spacious it is not wagon like in ride, handling or performance. It is on lease and I am dreading returning it this year - over mileage, cracked windshield, likely need another (3rd) set of tires. For large wagon here we are limited to the 'premium' european models. I think Cadillac has a 'psuedo' CTS wagon? Maybe gas prices will see a resurgence of the domestic wagon?
#26 of 26
Re: I don't get it on lease options for V70 [stmss] by westend2
May 15, 2008 (7:39 pm)
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Replying to: stmss (May 15, 2008 12:23 pm)

Once you own a wagon, you can't go back ! We can only hope that something good ( like more wagons ) could come out of the high price of gas... so nice to chat with you.

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