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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

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


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#248 of 269
Re: December Lease Numbers? [Car_man] by crestonave
Dec 15, 2008 (4:33 am)
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Replying to: Car_man (Dec 15, 2008 4:25 am)

Hi Car Man:
 
Would you be able to post lease numbers for the XC90 over on that message board? I'm interested in either a 2008 or 2009 XC90, either 12k or 15k mi/yr for 36 or 39 months. I know there's a Costco incentive currently but I'm wondering if there are larger incentives for third party leases vs Volvo Finance. Thanks!
#249 of 269
2009 XC70 by dpeck1
Feb 25, 2009 (2:56 pm)
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Looking to lease an xc70 T6 with back-up camera and trailer hitch. What are the current customer incentives and dealer cash and holdback? Carman, do you know the current residual and money factor? The MSRP is 46K ? Thanks.
#250 of 269
Re: Volvo xc70 [qbrozen] by luisja2000
Feb 25, 2009 (7:12 pm)
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Replying to: qbrozen (Oct 20, 2008 11:17 am)

I´ve owned this car for 14 months and my recommendation is stay away from it. See consumers reports, reliability is horrible. Everyday is a different thing, wait a couple years until Volvo puts things together if they do not go out of business before.
I like the car inside out but it has so many electronic, ratles and transmision issues that unless you are a masochist there is no reason to get this car, plus the resale value is as bad as Chrysler or Ford.
I have a lease and I can't wait to return the car and get something more reliable.
#251 of 269
Re: Volvo xc70 [luisja2000] by dpeck1
Feb 26, 2009 (9:59 am)
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Replying to: luisja2000 (Feb 25, 2009 7:12 pm)

What year did you lease? What engine did you get, 3.2 or T6?
#252 of 269
Re: Volvo xc70 [dpeck1] by luisja2000
Feb 26, 2009 (10:16 am)
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Replying to: dpeck1 (Feb 26, 2009 9:59 am)

This is a 2008, 3.2. I have 10 more months and I will get something more reliable. Look for something different. Good luck.
#253 of 269
Re: 2009 XC70 [dpeck1] by Car_man HOST
Mar 03, 2009 (3:01 am)
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Replying to: dpeck1 (Feb 25, 2009 2:56 pm)

Hi dpeck1. Volvo recently enhanced its dealer cash incentive on the 2009 XC70 to $2,000. Its lease program 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 XC70 T6 with 15,000 miles per year are an unattractive .00347 and 48%, respectively. Its money factor for the '09 XC70 3.2 are a slightly more attractive .00242, but its residual value is lower at 44% and its lease cash is only $1,553.
 
This lease program is scheduled to run through the end of March, but it would not surprise me in the least if Volvo was to make an unscheduled revision to it.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#254 of 269
Re: 2009 XC70 [Car_man] by luisja2000
Mar 03, 2009 (8:04 pm)
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Replying to: Car_man (Mar 03, 2009 3:01 am)

Hi dpeck1, even if Volvo is giving a cash incentive of $2000, I would not get the car, they are depreciating the resale value more and more so the used cars are going to be worthless like most of the american brands. As much as you discount a car as worthless it is. If I were you I would be looking at Acura, Infiniti, Lexus, or BMW. You can get great deals in terms of financing and leasings and they retain their value better plus you would not spend much time in the dealer.
#255 of 269
Re: 2009 XC70 [Car_man] by dpeck1
Apr 15, 2009 (3:27 pm)
Reply

Replying to: Car_man (Mar 03, 2009 3:01 am)

Do you know what the April numbers are, incentives and MF. reside, etc?? yes, 15K, 36 months.
#256 of 269
Re: 2009 XC70 [dpeck1] by Car_man HOST
Apr 16, 2009 (2:02 am)
Reply

Replying to: dpeck1 (Apr 15, 2009 3:27 pm)

I sure do, dpeck1. Unfortunately, Volvo is not currently providing any lease support on the 2009 XC70. You definitely don't want to lease one through Volvo Finance right now, its lease money factors are around .00500, which is equivalent to an interest rate of around 12% .
 
You can lease one through an independent bank and take advantage of the $5,500 dealer cash and $1,500 cash incentive for leases through anyone other than Volvo Finance if you want though.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#257 of 269
Lease or Purchase, 2009 XC70 T6 by shs111
Apr 17, 2009 (2:47 pm)
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I've got a 2004 XC70 which is starting to run up some pretty sizeable service bills. I'm thinking about getting a 2009, I know it's not the best car out there but I just happen to like the dealer, the service, the car itself (previously also had a 1998 V70). I find that I tend to keep a car between 5 and 6 years, and have always purchased, not leased. I put somewhere between 12K and 14K annually on the car. What would you recommend: purchase or lease?
 
Many thanks.

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