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Prices Paid: Buying & Leasing Experiences Volvo XC90 Lease Questions
1553 messages, Last post on Dec 09, 2009 at 2:44 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Interested in leasing a 2008 3.2 AWD in northern NJ. 12,000 miles per year, 36 months. What is the current residual and money factor on the lease, and are there any lease incentives being offered by Volvo? Many thanks.
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Replying to: fluid15 (Jul 31, 2008 9:45 am) |
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We just leased a 2008 XC-90 3.2 V6 AWD. Premium I really do not know what additional options it may have besides (sunroof, leather, third row). 51 month lease, 48,000K total miles (11,294 / year) through fifth third bank MSRP $42,675 Price Paid: $28,058.23 Total Fees: $2114 (Dealer Doc, Gap Insurance, Lessor Admin Fee) Adj Cap Cost $30,172.23 Residual Value $14,791.70 Total out of pocket $0 Base payment $408.14 Plus Local Tax: 6% Based upon what we have researched, this appears to be a pretty good deal. This board has been very helpful so we wanted to share what we experienced. We were looking at an XC90 and a Mazda CX-9 Touring with leather/sunroof. We really liked both vehicles for different reasons, but figured since both were about the same price per month with $0 down; the Volvo was the obvious choice. This was purchased in Marietta, GA. |
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Replying to: floridagator (Aug 09, 2008 2:30 pm) jeez |
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Replying to: floridagator (Aug 09, 2008 2:30 pm)
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Replying to: duck10 (Aug 12, 2008 5:49 pm) The vehicle we purchased has the premium and versatility pkg. I also spoke with Mark Kops the GM at North Point Volvo. On Friday he told me the best he could do was $475/mo for the same car based upon a 48 month lease. The North Point quote actually seems more accurate as we received a call from the dealer today that they messed up with the residual by over $1000 (equating to the low lease price). They honored the deal and ate the difference. Both dealers were very professional and Nally was easy to work with. I recommend negotiating the discount off of MSRP. Based upon the price we paid, it appears that they went into their holdback quite a bit. Your local dealer may come close knowing that you are willing to drive to Atlanta to purchase the vehicle. The last car we purchased was a Mercedes R350. We got a local dealer to get close to the price of a dealer in Columbia SC knowing that we were willing to purchase it there. Best of luck!
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Replying to: floridagator (Aug 12, 2008 6:55 pm) DB |
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Thank you, Car Man. What is involved in the "special lease program" in terms of residual, MF, and cash back?
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Gave it up and leased 4wd Lexus RX350. 36 mo. 12K miles $46.5 sticker. 2009 rather than 2008. 56% residual. Single payment $19.9 all up including taxes and fees. Looks better than the currently advertised deal
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Replying to: hphilip (Aug 14, 2008 10:25 am) Problem with lump sums is that in case of total loss, you are never going to see your money coming back to you. |
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