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Volvo XC90 Lease Questions

1220 messages,  Last post on Oct 08, 2008 at 8:05 AM

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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#1099 of 1220
Re: help re buying XC90 at lease end [czall] by volvomax
Jul 16, 2008 (2:55 pm)
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Replying to: czall (Jul 16, 2008 12:37 pm)

I don't think you have anything to lose by waiting.
Those payments have to be made anyway.
#1100 of 1220
08 service loaners at 26 to 29500 by bg516
Jul 16, 2008 (3:37 pm)
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i was picking up my car at volvo of gwinnett in duluth GEORGIA last week and they had lots of 08 service loaners with about 8 to 10 miles on them.l they really wanted to lose them and i bet they would but a deal equal to what i got my 08 v8 sport for. they seem despirate to lose the xc's before the xc60 model comes in soon.
 
the internet guy is brett maxwell, check my earlier posts on this page and the prior page for the contact information. they seem really motivated, and you would get a newer car with a warranty from volvo and a good transmission.
 
barry
#1101 of 1220
Latest XC90 V8 Lease Info Received by stim
Jul 17, 2008 (10:21 am)
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Called a dealer in Missouri which is out of my area and spoke to the sales manager. Interested in a V8 he has on the lot with the colors/options I want. He emailed me some numbers:
 
The 24 month MF for the deal is .00041 or .984% which is excellent
Residuals for 24 month lease at 10500 per year is 56%
 
Was willing to drop price 5000 without any negociating.
 
The fixed numbers are OK but how much lower should he go. 09's on incoming VERY SOON so when they hit the US you also have to depreciate even more.
Right now the sweatener is the MF which is pretty low for a two year lease.
 
My local dealer this weekend said there is 8500 total incentives on the XC90 V8 and I'm not sure if he is blowing smoke.
 
Figuring current depreciation which has to be taken into account since it is at the end of the model year plus incentives I should get the list down from 55K to about 45 or less.
 
Is is reasonable?
#1102 of 1220
Re: Latest XC90 V8 Lease Info Received [stim] by zamo
Jul 17, 2008 (10:53 am)
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Replying to: stim (Jul 17, 2008 10:21 am)

Sounds pretty good.
 
I thought they no longer had the 24-month lease programs.
#1103 of 1220
Re: Latest XC90 V8 Lease Info Received [stim] by qbrozen
Jul 17, 2008 (12:33 pm)
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Replying to: stim (Jul 17, 2008 10:21 am)

MF is good, but residual is painful. I'm not saying its inaccurate ... just painful.
#1104 of 1220
Re: Latest XC90 V8 Lease Info Received [qbrozen] by stim
Jul 17, 2008 (1:11 pm)
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Replying to: qbrozen (Jul 17, 2008 12:33 pm)

I thought so too, but thats what he quoted. The residuals are painful but probably more realistic. My current end of 06 V8 seemed to have a jacked up residual of 75%. The finance companies are terrified of SUV leases especially when we really don't know the market value of oil two or three years out. The three year finance rate was actually much higher - .00102. Someone in the risk department probably figures that taking back a two year old car has less of a resale risk (price of oil) than a three year which could potentially have a much higher rate and be less attractive for resale. Look at the residuals of Escalades, Hummers, Tahoes, etc. and they are in the 40's, yet there finance rates are pretty high for leases. They want them to sell not get them back. My dad was looking at a Infiniti 56 which is a BEAST - loaded to the gills with a list of over 62. Dealer would take 47 and they have a zero percent rate. Quality is ok, ride is terrible and fuel economy is really pretty low - around town about 14 if you are lucky and have a soft foot.
 
Local inventory in St Louis is pretty slim - would love to deal locally but the color/option combos are pretty slim. Few Willow Greens, a Silver and thats about it - more V6's. Don't want black interior and there is one black/black but pretty stripped.
 
If I wait a few weeks maybe the price will drop but the finance rate may go up. Really have to negociate pretty hard I think for this one but I'm in no rush - have a lease extension that I can terminate any time up to six months, since it has almost a zero percent finance rate its pretty much a no brainer.
#1105 of 1220
Re: Latest XC90 V8 Lease Info Received [stim] by radoncgs
Jul 17, 2008 (10:07 pm)
Reply

Replying to: stim (Jul 17, 2008 1:11 pm)

Thank you for the info. How does the 6 month extension work? I also have the 2 yr lease on my XC90. Do I need to reneogoetiate a new rate for the 6 months extension? Thank you.
#1106 of 1220
Re: Latest XC90 V8 Lease Info Received [radoncgs] by stim
Jul 18, 2008 (4:14 am)
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Replying to: radoncgs (Jul 17, 2008 10:07 pm)

Just call Volvo Finance and request it - they'll either fax or mail you the agreement. No negotiation necessary - just same payment PLUS they'll add mileage per month equiv to your current yearly allowance. In my case they add 875 miles per month.
 
The only thing you have to do is get your car registered and get the state inspection/emissions and pay for registration.
#1107 of 1220
Re: Lease buyout [hphilip] by lchrisp
Jul 18, 2008 (10:52 pm)
Reply

Replying to: hphilip (Jun 05, 2008 9:26 am)

Did you have any luck? I'm going to be in the same situation shortly--wondering if it's a possibility.
 
Thanks.
#1108 of 1220
36 mo lease V6 XC-90 by gregzo
Jul 22, 2008 (10:17 am)
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Just picked up my XC-90 last night and thought I would post the numbers.
 
2008 XC-90 3.2 V6 AWD. Premium, Versatility, RES, BLIS, Climate
 
36 month lease, 12K miles/year
MSRP $47,695
Adj Cap Cost $34,276.86
Residual Value $21,016.25
Total out of pocket $1500
Base payment $471.75
Monthly Payment $495.34 (including MA sales tax)
 
How did I do?

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