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Volvo XC70 Lease Questions

221 messages,  Last post on Jun 18, 2008 at 2:50 AM

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What is this discussion about? Volvo XC70, Car Leasing, Wagon

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#207 of 221 Re: New Lease Quote [crestonave] by kyfdx HOST Mar 04, 2008 (10:45 am)
Replying to: crestonave (Mar 03, 2008 3:29 pm) Volvo dealers work with third party lessors, all the time... You don't really have to find them on your own...   Third party lessors tend to be a little pickier on turn-in issues, and of course, will never waive a disposition fee... but, it's not a big deal.. Replies to this message: crestonave (Mar 04, 2008 11:08 am)
#208 of 221 Re: Third Party Leasing Companies by crestonave Mar 04, 2008 (11:08 am)
Replying to: kyfdx (Mar 04, 2008 10:45 am) Thanks. I recently discussed a lease with my Volvo dealer and he quoted me a much better deal than Volvo had advertised in the local papers, so obviously dealers use third party lessors as well. I'll check my bank as well. Thanks.
#209 of 221 April 2008 XC70 and V70 Lease Numbers by iwin1 Apr 02, 2008 (5:45 pm)
I'm interested in leasing either an XC70 or V70 for 36 months and 36,000 miles. Can you provide the residual values and money factors for both cars? Do you know if the $1,000 current owner and $500 lease cash are still available in April? Thanks
#210 of 221 Deal or No Deal? (Volvo XC70, April) by wrj1 Apr 02, 2008 (9:28 pm)
Came across the following offer for April for new XC70: $399 per month + tax, 24 month, 10,500 miles/year. MSRP $44,200. Sale price $40,090. $2,500 total due at lease inception which includes $0 security deposit; plus tax and license. $1000 loyalty bonus.   (a) What are the chances of getting the bonus and not being a current Volvo owner? Can the dealer use their discretion and offer it to a non-owner to seal the deal at month end? (b) Were I to get it, is it reasonable/possible to reduce the total due at lease inception to $1500 and, further, to request that the $1500 be paid over 24 months, making the monthly payments $460/mo + tax?   Thanks!!
#211 of 221 volvoXC70 car lease advice by topcat02 Apr 12, 2008 (9:27 pm)
I was offered the following lease from a dealer in metro NYC(Mt Kisco):supposedly thru a 3rd party bank. I am a current volvo owner. volvo XC 70 36 mos/15K premium/convienence/climate/collision avoidance packages plus BLIS in a nonmetallic exterior color. No navigation system. MSRP 46,755 selling price 36,059 residual value 21,039 money factor 0.00163 adjusted cap cost 36,511 sales tax 1,503 (this is included in the monthly payment) upfront fees 762.50   monthly payment 523.57 (this includes the sales tax) due at signing 1,337.33 Do you think this is a reasonable offer and do you think I can do significantly better. Thanks,   Ron Replies to this message: wrj1 (Apr 13, 2008 7:51 am) cheyjey (Apr 13, 2008 9:03 pm) topcat02 (Apr 14, 2008 4:37 am) wrj1 (Apr 14, 2008 7:09 am)
#212 of 221 Re: volvoXC70 car lease advice [topcat02] by wrj1 Apr 13, 2008 (7:51 am)
Replying to: topcat02 (Apr 12, 2008 9:27 pm) It is my understanding that Volvo's current money factor is .00001 for 24 months, so you would be better off with that rate (2% vs 4%) if a 24 month lease works for you.   Also, are you really planning on driving 15000 miles per year? If you were to use a lower number (10500 or 12000 miles), that would bump up your residual, thereby further reducing your monthly payments. (You pay .20/mile either way, so you can pay upfront or pay for what you actually you and thus reduce your monthly payments.)   Did you make sure you reduced your selling price by getting the $1000 Volvo loyalty bonus?   I was able to get the following on a 2 year lease, and I haven't even started haggling yet: MSRP 44,105 Cash sale Price $39,596.72 Residual $27,786.15 (based on 12000 miles; 29000+ if 10,500 miles) Rate .00001 $888.72 Drive off $478.40 + tax ($517 with tax)   Last month, in the last few hours b4 month end, they offered to waive the drive off to get me to close. Might be worth asking for if you can wait until month end. Replies to this message: cheyjey (Apr 13, 2008 9:03 pm) topcat02 (Apr 14, 2008 4:37 am) wrj1 (Apr 14, 2008 7:09 am)
#213 of 221 Re: volvoXC70 car lease advice [wrj1] by cheyjey Apr 13, 2008 (9:03 pm)
Replying to: wrj1 (Apr 13, 2008 7:51 am) Can anyone out there verify that the above .00001 is the actual lease factor being offered by Volvo right now?
#214 of 221 Re: volvoXC70 car lease advice [wrj1] by topcat02 Apr 14, 2008 (4:37 am)
Replying to: wrj1 (Apr 13, 2008 7:51 am) I will probably drive 39, 000 to 40,000 miles in 3 yrs, so you are right, maybe it would be better to pay the 0.20 /mile at the end of the lease. But I do want the 36mos lease. I don't know if I can do much better on the money factor that I was quoted. Are you sure that that money factor is 0.00100 and do you think that would also apply to a 36 mos lease? Replies to this message: wrj1 (Apr 14, 2008 7:09 am)
#215 of 221 Re: volvoXC70 car lease advice [topcat02] by wrj1 Apr 14, 2008 (7:09 am)
Replying to: topcat02 (Apr 14, 2008 4:37 am) As concerns mileage, perhaps you ought to go with 12,000/year vs 15?   When I questioned the accuracy of the .00001 money factor for a 24 month lease, my Volvo dealer (No. CA) sent me an email confirming it was true. (It was .00027 in March, btw). The folks at Cartelligent also confirmed. They said Volvo tended to have aggressive financing. I doubt, however, that 2% would also apply to a 36 month lease. The money factor is not something you can negotiate; it is what it is, and is dictated by the financial institution doing the financing. You can try to get a better rate than the manufacturer's through a 3d party, as you did. You might wish to inquire as to how Volvo's rate compares to be sure you are getting the best rate.
#216 of 221 Leasing/Maintenance by chalf Apr 15, 2008 (12:12 pm)
I leased my first car so I don't know the deal on regular maintenance. My first was free and the second regular scheduled maintenance cost a bundle. Is there any reason I need to go back to the dealer for maintenance? What do you experienced lessees recommend? Thanks Replies to this message: Car_man (May 30, 2008 2:33 am)

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