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Prices Paid: Buying & Leasing Experiences Volvo XC70 Lease Questions
269 messages, Last post on Dec 05, 2009 at 6:20 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: vancouver83 (Oct 17, 2008 3:29 pm) I'm not surprised. Its 400 lbs heavier and has the same torque as yours. And your torque peaks 1700 rpms sooner, to boot. OH, AND the new one gets worse gas mileage! So much for advancing the model. |
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Replying to: qbrozen (Oct 20, 2008 11:17 am) I'll probably keep mine or weight until the 2009's go on sale (with the better power). But still, I dont really like the look of the new XC70's. I also heard that SAAB is completely redesigning their cars, maybe their new wagon (due in 2009 or 2010) will be nice. Who knows.
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Replying to: vancouver83 (Oct 20, 2008 3:51 pm)
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Replying to: qbrozen (Oct 21, 2008 6:59 am) |
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Replying to: qbrozen (Oct 20, 2008 11:17 am) My wife loves the 2008 XC70 for the ride quality, but it is an extremely inefficient vehicle. We're lucky to get 20 mpg. The engine is harsh. The transmission is unresponsive. The vehicle is heavy and so slow that it's almost dangerous to merge into fast moving highway traffic. Contrast that with my 2008 BMW 535xi wagon with 300hp six cylinder engine that goes 0 - 60 in 5.4 seconds and averages 26 mpg on the highway. Volvo is no BMW, but surely they can invest in an efficient engine and shave a couple hundred pounds off the vehicle. The XC70 is a safe, comfortable pig of a vehicle. Several manufacturers, including Volvo, are turning to twin sequential turbo chargers to improve performance efficiently. Unfortunately, we'll pay more than $2,000 extra for a 2009 turbo XC70 T6 just to get barely adequate performance and mediocre fuel efficiency. |
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I think this may be an ok lease deal, but compared to the deal I got on my acura MDX a year ago it sort of sux. I guess RV's are way up now, with the credit crunch. Anyway, I want to get a new 2009 XC70 with most of the bells and whistles, no turbo. We are on the A plan, and the invoice is roughly 42.5K. There is an invoice rebate of over 5K, and our trade in value is 6K, plus they are giving us 2K loyalty incentive on the trade in (2004 S60). I know that sounds like a helluva lot of incentives. The RV is 19k. I don't know the money factor. There were a couple of more incentive thrown in. --Overall the price was $36,450 after incentives, not including the trade in. --The trade in went to fees and up front costs plus first month payment, a total of $1500, and the rest toward reducing the monthly payments. --The monthly fee ends up at 496.68 including tax. Is this an ok deal? I ask because my 46K acura with a 6K trade in and no other incentives costs me $515/month, way less. I don't remember the #'s, but I suspect the RV was much higher. Are the lease prices actually higher now, because of the credit situation? Thanks SR
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Replying to: srmd22 (Nov 13, 2008 6:44 pm) As for the deal, I am no expert but I always thought that incentives were just "flash" to get you in. Basically, you have to ask them what is the lowest they can do for you given every factor. After that, go to another dealer and see whats "their best." Of course, I recommend doing this all via email (maybe a call). Anyway, the residuals have come down which means that you pay more. Also, I don't think you are getting a fantastic interest rate but you can find that out for yourself. The other thing is not to tie yourself down to one car, I like my Volvo but for example the Mazda cx-9 is rated better on many levels and without any incentives their price beats what you are quoting for the XC70. They need you, you dont need them, I think you can shave some more off. Whats the worse that can happen, you go back and they give you the same deal. Again, this is just my opinion, whatever decision you make will be the right one for you. |
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Does anyone have December lease numbers..residual and MF for the XC70?
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Replying to: archielevick (Dec 02, 2008 10:51 am) According to the latest information that I have seen, if you were to lease a 2009 Volvo XC70 through Volvo Finance for 36 months with 15,000 miles per year, its buy rate lease money factor and residual value would be .00204 and 48%, respectively. When negotiating your lease on this vehicle, make sure to take the $750 holiday bonus cash that Volvo is providing on it into account. Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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