- #1102 of 1550
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Re: Latest XC90 V8 Lease Info Received [stim]
by zamo
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Jul 17, 2008 (9:53 am)
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Replying to: stim (Jul 17, 2008 9:21 am)
Sounds pretty good.
I thought they no longer had the 24-month lease programs.
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- #1103 of 1550
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Re: Latest XC90 V8 Lease Info Received [stim]
by qbrozen
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Jul 17, 2008 (11:33 am)
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Replying to: stim (Jul 17, 2008 9:21 am)
MF is good, but residual is painful. I'm not saying its inaccurate ... just painful.
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- #1104 of 1550
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Re: Latest XC90 V8 Lease Info Received [qbrozen]
by stim
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Jul 17, 2008 (12:11 pm)
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Replying to: qbrozen (Jul 17, 2008 11:33 am)
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.
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- #1105 of 1550
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Re: Latest XC90 V8 Lease Info Received [stim]
by radoncgs
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Jul 17, 2008 (9:07 pm)
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Replying to: stim (Jul 17, 2008 12:11 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.
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- #1106 of 1550
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Re: Latest XC90 V8 Lease Info Received [radoncgs]
by stim
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Jul 18, 2008 (3:14 am)
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Replying to: radoncgs (Jul 17, 2008 9:07 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.
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- #1107 of 1550
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Re: Lease buyout [hphilip]
by lchrisp
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Jul 18, 2008 (9:52 pm)
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Replying to: hphilip (Jun 05, 2008 8:26 am)
Did you have any luck? I'm going to be in the same situation shortly--wondering if it's a possibility.
Thanks.
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- #1108 of 1550
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36 mo lease V6 XC-90
by gregzo
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Jul 22, 2008 (9:17 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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- #1109 of 1550
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Re: 36 mo lease V6 XC-90 [gregzo]
by ohnosnam1
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Jul 22, 2008 (12:53 pm)
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Replying to: gregzo (Jul 22, 2008 9:17 am)
That's about the payment I'm shooting for. Would it be accurate to state that your residual is 61%? If so, how on earh did you negotiate that?! Thanks for any help you can provide.
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- #1110 of 1550
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Re: 36 mo lease V6 XC-90 [ohnosnam1]
by gregzo
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Jul 22, 2008 (1:21 pm)
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Replying to: ohnosnam1 (Jul 22, 2008 12:53 pm)
I just emailed 3 dealers in the area and told them i wanted a payment under $500/mo. The other 2 could not get lower then $524/mo. This dealer just wanted the sale... I don't know the residual % or the mf. I couldn't find it on the paperwork. I know they are offering $9K off invoice and there is a $500 rebate for returning volvo customers. They did have to use an outside bank. Harbor One I think?? The 2009 XC-90 will be on the lots any day now so they are trying to unload the 2008. I saw a 2009 XC-90 yesterday and not too many changes from the 2008. Good Luck!
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- #1111 of 1550
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Re: 36 mo lease V6 XC-90 [gregzo]
by ohnosnam1
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Jul 22, 2008 (2:59 pm)
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Replying to: gregzo (Jul 22, 2008 1:21 pm)
Your MF must have been really low. I've been able to get a local Dallas dealer to give me some tax "credits" (so that my tax rate would go from 6.25% to 1.5%), but it jacked the MF up to .00345! That's an effective APR of over 8%! In any case, I think you got a great deal considering all the bells and whistles. If you can find out your MF, please let me know that as well as any other numbers you're willing to share. Thanks!
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