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Volvo XC90 Lease Questions

1219 messages,  Last post on Oct 04, 2008 at 6:10 PM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

What is this discussion about? Volvo XC90, Car Leasing, SUV


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#1073 of 1219
Re: Fifth Third Bank [kyfdx] by volvomax
Jul 03, 2008 (8:00 am)
Reply

Replying to: kyfdx (Jul 03, 2008 4:19 am)

We use 5/3rd for XC90 leases.
However, given the lease structure, and XC90 incentives the math doesn't add up.
#1074 of 1219
i got the car, you play with the math! by bg516
Jul 03, 2008 (11:57 am)
Reply
i got my deal from volvo of gwinnett place in duluth ga.
their phone number is 800-651-3788
the internet manager is Brett Maxwell,
i just spoke to them and said that the residual dropped on the 1st. so maybe the deals aren't as good. this was the only sport they had, but they do have a v8 in stock and a bunch of those 6's.
 
i told them that everyone will say i am a shill for them and that it was all a fake.
I noticed someone said that the math doesn't work, they may be correct, but i got the car for 478 plus tax for a total of 511 a month including gap.
that is 36 months and 12k per year.
also don't forget the free service in the georgia region at 7500 miles.
I gave them a check for $4500 as drive off.
 
so if the math doesn't work, who cares, like I said, I have the car and will pick it up next week. The bummer is that the state farm insurance is about 150 more per year than the accura, but what the heck. it feels like more car to me.
barry
#1075 of 1219
xplan by bg516
Jul 03, 2008 (12:01 pm)
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i also got the explan discount on the new xc90 v8 sport, that is worth some extra money off the price also.
#1076 of 1219
Re: i got the car, you play with the math! [bg516] by volvomax
Jul 03, 2008 (1:52 pm)
Reply

Replying to: bg516 (Jul 03, 2008 11:57 am)

Near as I can figure,that deal was a $1500 loser,even using the old program.
Good job you.
Lucky break that you got to deal w/ an idiot dealer.
 
I seriously doubt anyone else will be able to come close. Esp now that the residuals have changed.
#1077 of 1219
by stim
Jul 07, 2008 (1:23 pm)
Reply
I'm waiting until near the end of July, the lease prices more than likely till plummet for the 2008 leftovers. Did it two years ago and my payments INCLUDING all taxes is $424 for a two year 10.5K a year lease with 3K down. This is on a fully equiped V8 (no nav or entertainment) Spoke to my dealer and said wait until the 10th and the next series of deals will be out. Will let you all know the numbers this weekend.
 
How bad did the residuals drop on the 1st compared to last years numbers for the same month?
#1078 of 1219
Re: [stim] by shermtime
Jul 07, 2008 (4:17 pm)
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Replying to: stim (Jul 07, 2008 1:23 pm)

The current dealer incentive program ($6500 for the XC70 and $7500 for the XC90) expired today, but my dealer told me he should have the new numbers in by tomorrow and expects the incentive to go up even further. Sweet! (My dealer passes on the full incentive to the buyer, and then some. How about yours?) I believe the residual on the XC90 dropped 2 points from June to July and the residual on the XC70 dropped only 1 point. I am not sure whether to take delivery of the XC70 (my current car of choice) at the end of this month (to hedge against a further drop in the residual) or on August 15th (when I need a new car by) in the hope that the residual may not drop at all in August (or even go up). Is that possible? What would you do? (My current lease on my Lexus doesn't expire until Aug. 23 but we need a new car by August 15th for our summer trip.)
#1079 of 1219
Re: [shermtime] by jamaraz
Jul 07, 2008 (7:12 pm)
Reply

Replying to: shermtime (Jul 07, 2008 4:17 pm)

Hi. I've been lurking for a little bit and I would love your opinion about a deal I just got on an XC90. I got the 3.2 AWD with climate, versatility and I think convenience. I added the entertainment system and the BLIS. I am paying $550/month for 15k/miles. I put down total $2,400 out of pocket and the dealer paid $772 to my Honda lease that is due to expire. I didn't want to wait until the last minute on my Honda lease so I decided to lease a new car earlier than I needed. 3 years ago I got a great deal in August on my Honda lease but I didn't want to settle this time for what was left on the dealers lot. What do you think of my deal?
#1080 of 1219
for comparison by zkaudio
Jul 08, 2008 (4:10 pm)
Reply
My lease is about up and I figured I would share what I am paying...
 
I signed the lease August 31, 2006 for a 2007 xc90 3.2 with premium, metallic paint, and convenience.
 
I ended up with a 2 year, 15k/yr lease paying only 1000 out the door and 399/mo INCLUDING TAX.
 
I have not seen anyone touch this deal and am wondering if now that I am an existing volvo customer, can I get this deal again? I'd like to add some more options like BLIS and Xenon lights... I'd add NAV but it seems like the xc90 has the lowest tech junky non-integrated Nav system of ANY suv on the market. Worth it?
 
Can I get a similar deal again? (a bit more clearly due to options but similar nonetheless)
#1081 of 1219
Re: for comparison [zkaudio] by fluid15
Jul 08, 2008 (4:28 pm)
Reply

Replying to: zkaudio (Jul 08, 2008 4:10 pm)

Not sure you can get that deal agains since I assume your low payment was largely in part to the good MF you received.
 
You are one of the FEW people who received a better deal than me - I thought mine was fair and yours was better! Your lease was one month before mine. Here is my deal:
 
Sept. 30, 2006 - 2 yr Lease
15k/year mileage allowed
72% residual
MF = 0.00077
Options: 3.2 AWD, Premium, Versatility, Convenience, Metallic, Bi-Xenon, Wood Inlays, Tint.
 
I test drove several other comparable SUVs and the Volvo Nav was the worst. I really thought I wanted Nav but after the demo I dropped that idea. I had thought about getting another XC90, but it doesn't handle very good and higher mpg would be nice ... so I'm looking at mid-size sedans or wagons (A6 or A4/6 Avant). German cars are just flat-out are more fun to drive. I didn't use the 3rd row much so I'm willing to compromise the space at this point. As the family grows I may change my mind.
#1082 of 1219
Re: for comparison [zkaudio] by zamo
Jul 08, 2008 (6:23 pm)
Reply

Replying to: zkaudio (Jul 08, 2008 4:10 pm)

That is pretty tough, considering that:
 
1. Volvo no longer provides lease deals with 24-month term. Just 36 months and the best payments with 48 month.
2. MSRPs are up.
3. MFs are up
4. Residuals are way down (partly due to the euro-dollar difference)
 
I was gonna wait until This month as my lease was also expiring. But I locked into a deal back on Feb, having my remaining lease payments taken care of.
 
Ask the local dealer. See what they have.
 
BTW. That deal you had back in 2006, was terrific.

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