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Prices Paid: Buying & Leasing Experiences Volvo XC70 Lease Questions
231 messages, Last post on Aug 15, 2008 at 2:59 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: Car_man (Dec 10, 2007 3:31 am) I really appreciate your reply; tons of info. I did post over at the real trade ins, and have decided that I still want to explore a new lease. So I'm down to the 08 XC (even though I don't love the engine) and an 07 328xi wagon. And that has to happen tomorrow. I'm very torn. Thanks for your info on post 183 regarding the DVD system, it sounds like there is some room there to play with the system, and the dealer told me that it was actually "not" free, that it was a dealer rebate, so that makes sense what you said. Here's what I've been given. Honestly I have to make this purchase tomorrow as the deals all go away, but I'm attracted by 24 month lease of the XC because I could probably live with a less-than-ideal engine/gas mileage for that long: 08XC Options: Premium, Climate, Metallic, Convenience, PCC, Dynaudio MSRP: 45755 (Edmunds Invoice $41957), Edmunds MSRP: 45205 (guessing they are adding on here their own prep charges, etc) Dealer's Selling Price: 42049 Residual: 69% MF: .00105 Term 24 Months 12K miles/yr Lease: $526 plus tax I believe the dealer is applying the $1k owner loyalty cash to cap reduction. I also asked about a bluetooth installation, they want $300 for installation. Wondering if a) the deal above sounds like a good one or if there is more room and b) if it's a decent strategy to work deals on accessory installation like bluetooth. seems there is about a 15% difference btwn msrp and invoice on factory options--is that the same with accessories you buy at a dealer typically? Thanks much (and I'll be buggin ya over at the 3 series forum too). |
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Hi Carman, Hoping to get some kind of insight from you if you have a second? Was told tonight that the edmunds invoice numbers for the XC are incorrect by the Volvo dealer today. really frustrating. anyone able to verify this? he says volvos have a 6% markup. i see a 15% discount when i look at edmunds between MSRP and invoice...
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Carman, Do you have Jan'08 residuals for the 24/36mo leases with 10K and 15K miles/year? How does this residual is calculated? Is it based to the best negotiated price or on an MRSP? Does the "to dealer" incentives affect the residual value (when quoted as a percentage from the price)? Our local dealer runs an newspaper ad for XC70 '08 (premium, climate, black) 24/10K (0 down) for $400/months with zero down. I downloaded at the spreadsheet from the carbuyingtips.com but I am not sure what MF nor residual to put in. I would appreciate you help, masaraksh
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Replying to: masaraksh (Jan 06, 2008 7:44 pm) |
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Car_man- Just curious if you had access to Feb '08 residuals & money factors for 2008 XC70 & V70 models. Looking at 36 month/10k leases. Thanks!
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Replying to: tenmiler (Jan 03, 2008 8:40 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: masaraksh (Jan 06, 2008 7:44 pm) Vehicles residual values are based upon a percentage of their full MSRPs including the destination charge and the MSRPs of any options that can be residualized (usually just factory-installed options). The aforementioned lease cash does not have any impact upon your vehicle's residual value, but it will help you to negotiate a lower selling price. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: ctorrey (Feb 02, 2008 1:54 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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| I'm looking to lease an '08 Volvo XC70 for my wife. Now the local dealer Prestige Volvo in East Hanover in NJ has given me a quote of a Zero Down, 10,500 miles per year, car full loaded except DVD and Navi for $559/month tax included FOR 24 MONTHS. Another local dealer gave me $560/month for the same vehicle. Please let me know if this is a fair price or should I haggle for more money off the monthly price. | |
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Replying to: pawnbroker (Feb 07, 2008 3:27 pm)
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