Last post on Nov 20, 2008 at 11:27 PM
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Volvo V70, Volvo V70 R, Car Leasing, Wagon
#28 of 30 Re: 2008 or 2009 V70 Lease rates [wannamak]
Nov 01, 2008 (7:18 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]
by Car_man HOST
Nov 02, 2008 (7:13 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 (11:27 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.