Last post on Nov 09, 2013 at 7:24 AM
You are in the Prices Paid - Buying & Leasing Experiences
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Volvo XC70, Car Leasing, Wagon
#116 of 298 Re: Is this one of the (few) times when you should lease? [aepheme]
Jul 09, 2007 (6:22 pm)
Of course, if you don't want a new car, then purchasing a used vehicle will always be less expensive than either buying new or leasing new.
Actually...leasing is so cheap right now, used cars are even more expensive! A used 2006 or 2005 XC70 with similar features and low miles is in the $30-$35K range. We got a brand new leased one for $30K!
I know this is not normal....but Volvo is offering such big incentives right now it's hard to find anything better then leasing.
I've never leased before and always thought it was ridiculous. But in this particular situation, the smart $ is on leasing.
#117 of 298 new numbers for July 2007
Jul 10, 2007 (3:23 pm)
Does anyone have the new numbers for July? I am looking at a 36 month lease, 25,000 miles per year. The dealer told me today that the residual went down about 2%. Thanks
#118 of 298 Re: Is this one of the (few) times when you should lease? [meshugy]
Jul 10, 2007 (7:36 pm)
Hey meshguy, your are a good guy, but exaggeration diminishes the force of your argument. An argument that probably is by and large correct.
1) Pricing. How did you get to 30K on a new leased XC70? The max discount is 10K PLUS lots of fees. Could we agree that your total cost to acquire (and eventually dispose of it) was closer to MSRP (probably 42K with climate/convenience/premium) less the 10K Volvo discount PLUS say $1500 in lease fees? This totals $33,500.
2) In my Northeastern zip code, there are tonite on cars.com perhaps 15 or 20 very low mileage '07 XC all with climate/convenience/premium for roughly 34-35K ASKING. If one speaks nice to them on the very last business day of the month, you will go home in one for 32K or less. And it will be yours. With no mileage charges. Without any high residual so you can't get out of the three year lease cycle. And if you speak real nice real late at night on that last business day of July, maybe you can get it Volvo certified out to 100K miles. That if you are still with me, is a better warranty than on a new unit.
#119 of 298 Re: Is this one of the (few) times when you should lease? [blckislandguy]
Jul 10, 2007 (7:50 pm)
Hi....I'm not here to pull the wool over any ones eyes. My Cap cost was $30,472.96. If you really want I'll scan it and send it to you.
I can't speak for the NE. I just checked Autotrader for Seattle. Only one recent used XC70 under $30K...was a bare bones one with 26K miles for $26. I got A new XC70 totally loaded with free 3 years of matinence, cross bars, a full 4 years of warranty for $30K. See why leasing was a better choice?
#120 of 298 Re: Is this one of the (few) times when you should lease? [blckislandguy]
Jul 11, 2007 (5:30 pm)
I can't speak for other deals, but this is the deal that I just got for a XC70 with Adventure package on June 25th in the Boston area.
Purchase Price = $29,670
Residual = $20,320
$438 per month (includes tax)
only 1st month payment ($438) due at signing
The 1st payment of $438, everything else is included, all tax, title and registration fees.
I originally started looking at a certified pre-owned, but when I do the math the car is going to cost me $36,088 if I choose to purchase at the end of the lease. This is about 6 or 7 grand more than I would have paid for a 2006 used XC70, but I was going to put down about $15,000 if I purchased a car, this way my money stays in my investment portfolio for the next 3 years, making money for me.
Not to mention the obvious advanatage that if we want a new car in 3 years we can have that option as well, but we are planning on buying the car at the end of the lease.
#121 of 298 Re: Is this one of the (few) times when you should lease? [babycar]
Jul 11, 2007 (5:37 pm)
Are you sure about the 29670? What was the MSRP on it? Which dealer did you get this from? I live in MA as well and just had a terrible experience today with Lee Volvo. Thanks
#122 of 298 Is This A Good Deal?
Jul 15, 2007 (5:57 pm)
- 2007 XC70, Black, with Climate Pkg & Premium Pkg
- $40,785 list, $8,500 discount
- 7.75% sales tax (Cook County, Illinois)
- $3,500 out of pocket (mostly tax)
- $444 per month, 24-month term
We have not really begun to negotiate. I'm thinking that they can come down a bit more price-wise, perhaps $1,000 - $1,500 based on no negotiation yet. Anyone have advice?
#123 of 298 Re: Is This A Good Deal? [hedgs]
Jul 15, 2007 (6:15 pm)
They most likely can come down a lot in price. I got a MSRP $43K car leased for $30K. A $13K discount from MSRP.
The same dealer is advertising $12K off right now:
I'd also get them to drop the $3,500 down. I only paid $740, and most of that was my first months payment.
#124 of 298 Re: Is this one of the (few) times when you should lease? [fargodog]
Jul 16, 2007 (5:48 pm)
yes, I'm positive about the price. We got it at South Shore Volvo
#125 of 298 Re: Is this one of the (few) times when you should lease? [babycar]
Jul 16, 2007 (5:52 pm)
sweet deal, thanks for the info