Last post on Nov 20, 2008 at 10:27 PM
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Volvo V70, Volvo V70 R, Car Leasing, Wagon
#27 of 30 2008 or 2009 V70 Lease rates
Nov 01, 2008 (4:24 pm)
We are considering leasing a 2008 or a new 2009 V70 with navigation, premium package, technology package, climate, and roof rails. The car lists for around 41 or 42K. Does anyone have an idea of what the money factor and residuals for leases are on these wagons these days? Any other recent experience with leasing similar cars? Thanks.
#28 of 30 Re: 2008 or 2009 V70 Lease rates [wannamak]
Nov 01, 2008 (6:18 pm)
I'm sorry I can't help with residuals or money factor. Volvo is a great car, however there are no bargins in leasing them. In fact , they have just about the worst lease deals of any car manufacturer I can think of. You can reread some of my experiences in past forums and I now own another brand station wagon. If you do lease one do not go over the milage. They are completely unforgiving even if you are a repeat customer and are standing there with cash in your hand to purchase another. Also ,Volvo has increased the engine size on the V70 from 5 cylinders to 6 for no apparent reason ( it was in fact one of the best rated 5 cylinder engines for many , many years ) thus gas milage is not as good as it was. Of course, they will tell you its a more" efficient" engine. Nothing is as effcient as a 5 cylinder with better gas milage. The only complaint I had about the V70 I owned was that it had a poor turning radius. Yes it is a long car , but you can rarely make a u-turn. Every turn is a three point turn and that is especially scary when traffic is coming.
My overall rating: good solid product, not so great company, alot of arrogance at the dealerships. Good luck to you with whatever car you decide upon.
#29 of 30 Re: 2008 or 2009 V70 Lease rates [wannamak]
Nov 02, 2008 (6:13 pm)
Hello wannamak. Volvo Finance's lease program for this model varies by term and mileage allowance. You never mentioned what either of these variables are, so for now I will assume that you are interested in a 36 month lease with 15,000 miles per year. Let me know if you want something different.
Volvo Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2009 Volvo V70 with 15,000 miles per year are .00257 and 48%, respectively. The numbers for an otherwise identical lease of a 2008 V70 are .00242 and 43% in the areas that Volvo is still providing support on it.
Prices Paid: Buying & Leasing Experiences Forum
Nov 20, 2008 (10:27 pm)
Any thoughts on this deal in socal for 2008 V70 w/ premium and convenience packages? I'm a Volvo owner currently.
36 mo / 12k lease
residual 39% ($15,295)
$2,250 drive off
I'm not sure what the money factor is.