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Prices Paid: Buying & Leasing Experiences 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
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Hi Car man, Can you post the June lease programs, especially for MA and RI, when you get the updates? I did not pull the trigger on any deals yet. Two dealers offered to cut me $5000 checks to pay off remaining payments, but I am looking at additional costs to get out of current lease, including $350 disposition fee and damage/excessive wear and tear details. Anything I should know about this vs. dealer taking car and paying it off themselves? thanks Dennis |
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Thanks for the replies to posts--this is a great site. And one question I've been pondering is about what strategy on a leased XC70 one should take if they have a wear-and-tear issue. This is the end of my first lease. Someone hit my rear bumper at a very slow pace in a parking lot and it put a crack in the plastic (did not damage otherwise nor did it even scratch the brown plastic). Otherwise the car is in stellar condition, with not even one door ding or other scratch. It's also got a 45K mileage limit on it but actual miles are going to be 27K at end of lease. But I wonder if I should take the hit when I turn in the car at end of lease this August or have it fixed at my expense now (approx $600 or so I was quoted at one time for a new bumper), or would it be better to just leave it and either take the charge or negotiate a deal if I get into a new car with the dealer? |
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Replying to: Car_man (May 29, 2007 2:38 am)
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Replying to: babycar (Jun 01, 2007 3:52 pm) |
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Replying to: babycar (Jun 01, 2007 3:52 pm) First off, congratulations. I assume this is your first chile since your wife drives a mini and you are looking to get a car that is much larger. I can't predict the deals in Sept/Oct, but I would imagine they would still be pretty good. As meteop34 points out, your selection may not be as good as right now. Dealer inventory in my area, MA, is 15-20 XC70's at each dealer, based on web site inventory. Let's look at your situation from a different perspective. Please, no flames about being sexist, just trying to help. As Sept/Oct gets closer, your wife may find getting in and out of the Mini more and more difficult as well as uncomfortable. I would think that access to the front seat in the XC70 may be easier and the seating more comfortable. Also, things are going to get crazy hectic for you as the time nears so why not get rid of this decision now instead of adding it to the stress in Sept/Oct. It is the most incredible experience having a child, why not minimize outside distractions so you can enjoy the moment? I know for me that my ability to negotiate and get a good deal would be diminished with the birth of my first child. I would probably sign a full MSRP deal just to get the car and get the pressure off me. The current deals are awesome so unless there is a financial reason to wait or something we don't know about, get the XC70 now. I don't know the crash ratings on the Mini, but I would imagine the XC70 safety ratings are a lot better. I have two girls, 4 and 2, and I can't explain to you how much your life changes and becomes so much better. But, it is awesome. Congrats to you both and best wishes. I hope this helps. Dennis
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Replying to: fargodog (Jun 02, 2007 7:45 am) That's all good input. I'm also in Mass, so it's especially helpful. Also good points about the timing. The only thing stopping me from pulling the trigger right now is that I love the Mini, although it's my wife's primary car, every chance I get I jump behind the wheel. It's just a blast to drive, but with that being said, it's also a very harsh ride -- we have the S with the tight suspension and with our pot-hole riddled roads you feel every bump and gyration. My only other thought was that I'd give her my car, a 2001 BMW Wagon, to drive for a while and I'd take the Mini, but in reality I drive a lot for work (I'm a sales person) and while I love the Mini I probably wouldn't be able to handle it as an every day car for much more than a couple of months. It's not a car you want to be logging a lot of highway miles in, but it is the perfect weekend/city car. This is why I was debating waiting a while, just to delay departing with the Mini. But I'd be kicking myself come October if the same deals aren't out there for the XC-70 and I need to pay a lot more just because I delayed 3 months. In a Utopian society if someone could say "you'll definitely get the same deal, or better, in October" I'd wait, so I guess I was hoping someone had some good insider info on that for us. Thanks again.
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Replying to: babycar (Jun 02, 2007 11:06 am) can you contact me via the message feature on this site? I'd like to get your feedback on the BMW wagon and why you are going with the XC70 vs getting another BMW wagon. I was going to look at the BMW 3-series wagon and the X3 this week and would like to get info from a current owner who drives a lot. thanks
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Replying to: fargodog (Jun 02, 2007 3:23 pm) In order to keep on topic, I went to the Volvo dealer today and found the following: The current Lease special is now $10,000. This is what I was offered without even much haggling: $41,260 MSRP (Premium and Climate Package) Lease Discount: $10,000 Cap: $29,500 Residual: $17,329 Due at Signing: $1,790.59 36 months 12,000 miles per year Monthly Payment with tax: $475 I thought the dealer fees, etc are high. They want me to pay a $895 "Bank Fee" as well as $289 dealer fee, which seems out-of-line. Also the monthly is still a bit higher than I would like to see it. What's everyone else think? Now, to answer Fargodog's question -- I've had my BMW for over 5 years and couldn't be happier with it. It has over 100,000 miles, still looks great, and I've never done anything outside of regular maintenance (haven't even done the clutch yet). I plan on keeping it till I have almost 200,000 on it, probably another 4 years. It's responsive, fun to drive, quiet on the highway and reliable. The 325's don't have the most horsepower, the fastest time from 0-60, or the best slalom time, but it's just does everything well enough to make it a great driving car. I'm not getting one for my wife (although my original plan was to give her mine and get a Certified Pre-owned 5 series or newer 3 series wagon for myself) for a few reasons. 1. My wife is a true Cambridgian (from Cambridge, MA,for none locals) and feels that a BMW is too pretentious -- if she had her way we'd be getting a Volvo 240 with a Jerry sticker on the back 2. We go to VT most weekends, and with the dog and baby and gear the 3-series is a little too small to fit everything With that being said, if you don't need the interior space of the XC-70, the 3-series is a great car. I'm not as big of a fan of the X-3, it's about the same interior space and I'm just not a fan of the higher ride. The wagon drives just like a sports sedan, but I can fit my bike and skis in the back, and my dog no problem. The X-3 just doesn't have the same ride. Also Consumer Reports doesn't rate it as high -- not sure if it has anything to do with it being made in a different plant than the 3-series. The 3 is made in the German factory, the X-3 is made in the US factory. Hope this helps. If you know how to reply to me directly, feel free -- sorry to the rest of the post for this slightly off-topic post. |
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Replying to: meteop34 (May 31, 2007 7:35 pm) Thanks
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Replying to: rugger08 (Jun 03, 2007 6:59 pm) |
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