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Prices Paid: Buying & Leasing Experiences Volvo XC90 Lease Questions
1529 messages, Last post on Nov 29, 2009 at 7:15 AM
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Last Friday I returned our Leased '07 XC90 3.2 AWD. I was happy with the Sales guys I worked with and the Dealer (Powell Volvo - Scottsdale) was fine overall. We were discussing the current state of SUV sales, pricing, MF, etc. and their current MF was very competitive at something like 0.0001 but the Residuals were Horrendous at 49% for 24 months!!! Why would anyone want to a new ~ $50k vehicle when it's value drops in half in 2 years? Much better to just buy a slightly used one, which is which we did - we bought an X3 with 20k miles and still have a full year of warranty. It's not as big as the XC90 but we didn't need the extra room as we only have 1 kid. My wife loved the XC90 styling since she laid eyes on it but after driving the X3 for the first time she is can't believe the difference, it truly is night and day. Not sure what we'll do when we need a bigger vehicle but for now the X3 will work out perfect for her. I was never a fan of the X3 styling but it really drives great - the steering, handling and engine are very good.
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Replying to: fluid15 (Sep 16, 2008 10:25 am)
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Replying to: stim (Sep 16, 2008 11:56 am) Yes, it was Volvo Financial, I think he made a comment that they were the only ones willing to write leases on the XC90's right now because everyone is losing money on them. I was told my return is going straight to Volvo Financial because they can't sell it for a profit on their lot. If you have the time, contact their internet departement. That's who I went through when I negotiated my deal and was very happy dealing with them because they were straight shooters. |
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Replying to: stim (Sep 16, 2008 11:56 am) |
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Just leased a 2008 XC90 3.2 with 7 passenger / blis / 48 months/48k miles - $2000 down (includes all costs & first payment) and $441/month. Residual is $12,948 MSRP was $45k. I hope I got a good deal.....especially because after driving a 2004 Cadillac SRX for three years, I really dont like my new volvo AT ALL! Seats seem hard and uncomfortable, car seems sluggish compared to the caddy, and I miss many of the little features my cadillac had. Who ever heard of a $45000 car that doesnt "beep" when you lock the doors with the remote? Guess it's a bad decision I will have to live with for the next 47 months!! 
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Replying to: floridamom1 (Sep 17, 2008 1:27 pm) |
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Replying to: floridamom1 (Sep 17, 2008 1:27 pm)
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Replying to: fluid15 (Sep 17, 2008 2:43 pm) What was the cap cost on your volvo and what was the money factor?
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Replying to: stim (Sep 17, 2008 4:28 pm) Only had the car two days, so I am hopeful that I will get used to it!! 
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Replying to: floridamom1 (Sep 17, 2008 5:36 pm) I'd love to know what the $2000 down/fees were. That seems high but only in comparison to Honda - which really, is no comparison. Congrats and I hope you like it - if not, I might be interested in assuming your lease - that's a good deal. Cheers, Marinite |
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