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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

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


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#8 of 231
RESIDUAL VALUE AND MONEY FACTORS by sweeney4
Jul 10, 2006 (11:23 am)
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I AM VERY INTERESTED IN LEASING A VOLVO XC70.
CAN YOU LET ME KNOW THE RESIDUAL VALUE, MONEY FACTOR AND
ANY INCENTIVES.
 
THANKS
#9 of 231
Re: RESIDUAL VALUE AND MONEY FACTORS [sweeney4] by Car_man HOST
Jul 24, 2006 (3:01 am)
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Replying to: sweeney4 (Jul 10, 2006 11:23 am)

I;d be happy to help you out, sweeney4. This car's lease program varies depending upon how long you lease it for and how many miles per year you need to be able to drive it. For now I will assume that you are interested in a 36 month lease with 15,000 miles per year. These are very common parameters. Let me know if you want something different. Volvo Finance's current buy rate lease money factor for a 36 month lease of a 2006 XC70 with 15,000 miles per year are .00058 and 47%, respectively in most states.
 
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#10 of 231
Re: RESIDUAL VALUE AND MONEY FACTORS [Car_man] by sweeney4
Jul 24, 2006 (6:18 am)
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Replying to: Car_man (Jul 24, 2006 3:01 am)

Thank you very much. What would the factors be for 12K miles per year or 10K miles per year.
#11 of 231
Re: RESIDUAL VALUE AND MONEY FACTORS [sweeney4] by Car_man HOST
Aug 09, 2006 (3:22 am)
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Replying to: sweeney4 (Jul 24, 2006 6:18 am)

You're very welcome, sweeney4. Volvo Finance's money factors are the same, regardless of how many miles per year you lease with. Your mileage allowance does impact your vehicle's residual values though. Volvo Finance's residual values for leases with 12,000 miles peer year are 2% higher than its 15k residuals. Its residual values for leases with 10,500 miles per year (for some strange reason Ford uses 10.5k miles instead of 10k) are 3% higher than its 15k residual values.
 
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#12 of 231
dwhite by dwhite5
Aug 14, 2006 (6:29 am)
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I am in the process of putting together a lease for a 2007 XC70 with the Premium and Climate packages.
 
Here are the details:
MSRP - $40,785
August Program Cap Cost - $30,220
36 months
15,000 miles per year
Residual - $16,985
$0 down
$0 sec dep
$1,809.04 in drive off(including first month payment)
$484 per month including taxes
 
This seems like a good deal to me, and when I went to another dealer they couldn't come close to it and seemed genuinely confused.
 
Any feedback would be helpful.
 
Thanks
#13 of 231
Dwite by sweeney4
Aug 14, 2006 (6:43 am)
Reply
1) The Residual value of the car looks a little low
2) Check out the news paper, there is a 24 month lease - $359 a month with
$370 - Security Deposit
$795 - Bank fee
$359 - First month
Plus add in taxes.
#14 of 231
Is this lease any good? by fazer
Aug 15, 2006 (10:14 am)
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I'm exploring a lease on a 2006 XC70 with the premium package, climate package, integrated booster seats and third row seat and am wondering if it's a fair deal. Any help would be appreciated.
Here are the details:
1)24 month lease
2)$33,654 Cap cost
3)12K miles/yr
4)$412/month + tax + excise
5)$2,211 up front w/ 0 security deposit
6)$24,853 Residual value
 
My eyes are starting to glaze over w/ all the numbers. I should also note they will to give me $10,500 as a trade in on a 2001 XC V70 w/ 78k and the transmission needs replacing.
Thanks!
#15 of 231
Re: Is this lease any good? by thedrake
Aug 16, 2006 (5:49 am)
Reply
I think you can do better fazer. I just picked up my leased XC70 Monday. This is the deal I got:
 
2007 XC70, premiun package, climate package, convenience package, metallic paint, sticker $42,855.
 
* 24 month lease
* $0 down
* 10,500 miles/yr
* $338/month (including VCF leasse loyalty $500)
* $1748 total up front
* sweet
#16 of 231
Re: Is this lease any good? [thedrake] by chasen1013
Aug 20, 2006 (6:38 am)
Reply

Replying to: thedrake (Aug 16, 2006 5:49 am)

thedrake,
 
That is a sweet deal. Can you tell me the name of the dealership? Was the upfront payment for 1st month, security deposit, bank leasing fee, and tags & registration?
Thanks and good luck with your car.
#17 of 231
chasen, by thedrake
Aug 21, 2006 (7:39 am)
Reply
I leased my xc70 from volvoville on LI.
 
$1748 total at signing was:
* first month
* bank fee
* tax
* registration
* no security deposit as returning VCF customer
* no cap cost down

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