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Volvo XC70 Lease Questions

267 messages,  Last post on Dec 04, 2009 at 9:58 AM

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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#262 of 267
Re: 2009 Volvo XC70 -- two-year lease? [jaa37jaa37] by luisja2000
Jun 23, 2009 (5:36 am)
Reply

Replying to: jaa37jaa37 (Jun 20, 2009 8:30 am)

If I were you I would not even consider to get a Volvo, read my postings from before the 2008 XC70 is just a pool of problems, I get something new every other week and of course Volvo US or the dealership could care less. I imagine their sales are down so badly due to quality and reliability issues that they have to put the 5 year Complimentary Maintenance Program but unless you are willing to go to the shop every other week and suffer your car experience throughout your lease term I would not purchase a Volvo. Check Consumer reports or Edmunds and you will see what I am talking about.
#263 of 267
XC60 Lease help needed by red35
Jul 07, 2009 (8:18 pm)
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We are completely frustrated... I am trying to negotiate a lease with the local dealer and feel like I am getting the "run-around" I can not seem to get the lease numbers written down on paper from them - what it looks like I am getting is:
XC60 T6
MSRP $38200
Money Factor .00225 (is this good? I have Excellent credit)
Local tax 8.75%
Residual $13000 (this seems low to me)
$1861 down payment
monthly payment of $532
48 month lease
going through USB Leasing
 
I am happy to try to work with them but feel like I am not getting a "fair" deal...
 
There has been some double talk about USB "Buying down" the MSRP by $6000 - can you tell me what this might mean...
 
I have had two leases back to back with Volvo and have never had any issues in the past... same dealer...
 
I appreciate any help you can give -
#264 of 267
Tire Debate by meteop34
Oct 14, 2009 (8:42 am)
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I am leasing a 2007 XC70 and the lease is up in about 9 months. I now need to replace all 4 tires and have heard a lot of great reviews from XC70 owners on Nokian tires. All of these owners have upgraded the size from OEM 215/65/16 to 235/60/16.
 
Should I worry about paying a penalty when I return the car if the tire size is different from OEM?
#265 of 267
Re: Tire Debate [meteop34] by Car_man HOST
Oct 16, 2009 (1:55 am)
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Replying to: meteop34 (Oct 14, 2009 8:42 am)

Hi meteop34. It wouldn't hurt to check with the bank that you are leasing through to make certain, but generally speaking most banks don't care of a vehicle has different tires on it than the ones that it originally came with...as long as all four new tires match.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#266 of 267
Buy or turn in? by jaa37jaa37
Dec 04, 2009 (9:52 am)
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My parents have a 2007 XC70, and they're finishing a 30-month lease in Feb. The residual is $21,500. The car is in very good shape, and while I don't know the exact mileage right now, I'm certain it's under 20,000. Any idea whether I can expect the dealer to offer me a better deal on the residual? I read that dealer auction prices are pretty low right now.
#267 of 267
Re: Buy or turn in? [jaa37jaa37] by meshugy
Dec 04, 2009 (9:58 am)
Reply

Replying to: jaa37jaa37 (Dec 04, 2009 9:52 am)

I'm in the exact same situation....finishing a lease on a low mile 2007 XC70. I spoke with the bank (Wells Fargo) several times and they will not lower the residual (mine is $18,000). The car will easily sell for $22K or more so they have no incentive to make deals.

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