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Volvo XC90 Lease Questions

1526 messages,  Last post on Nov 21, 2009 at 12:43 PM

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


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#1201 of 1526
Re: How far below MSRP are dealers willing to go? [Car_man] by stim
Sep 19, 2008 (3:52 am)
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Replying to: Car_man (Sep 19, 2008 3:44 am)

Not too bad on the V8 - much better this month. Would prefer a 24 month 10.5 per year lease if its more advantageous on payments. Whats the difference on the 09's. Thanks numbers aren't that bad considering - just have to find one - stock is very thin.
#1202 of 1526
Re: How far below MSRP are dealers willing to go? [stim] by Car_man HOST
Sep 19, 2008 (4:02 am)
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Replying to: stim (Sep 19, 2008 3:52 am)

Hey stim. Volvo Finance's numbers for a 24 month, 10,500 mile per year lease of an '08 XC90 V8 are .00001 and 52%, respectively. Volvo does not appear to be providing any lease support on the '09 XC90 V8. The only 2009 XC90 that has a special Volvo Finance program available on it is the base V6 model.
 
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#1203 of 1526
Re: Volvo xc90 Lease [floridamom1] by fadetoblackii
Sep 19, 2008 (6:55 am)
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Replying to: floridamom1 (Sep 18, 2008 3:13 am)

You're in an XC90 for $441/mo? That's not bad at all. Esp if you managed to get your total cost to $30,000. That's incredible. I don't know where they were getting the money from honestly. If your MSRP was $45,350 that means somehow they ended up giving you $15,350 off the price. Was there a trade in used to get to that number? (I haven't read the whole thread) Either way it looks like you got a great deal. I would recommend fiddling with the steering wheel (for some reason the height/distance from the steering wheel can make the seats more or less comfy) and the seat at the same time to get comfortable in it. They're quirky sometimes to sit in, but once you get it to that right position, you'll love it. Enjoy!
#1204 of 1526
Re: Volvo xc90 Lease [fadetoblackii] by floridamom1
Sep 19, 2008 (3:40 pm)
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Replying to: fadetoblackii (Sep 19, 2008 6:55 am)

No, fadetobloackii, no trade was involved, but we did put $2000 down at signing, which included title, registration, bank fees, dealer fees (which I think was around $1000) and first month's payment.
 
I have finally found a comfortable position for the seat and steering wheel! I think that I had the steering wheel too high and I felt like I was driving a bus!!! I dont know if I will ever get used to the headrest, but it makes it a little more tolerable knowing we got a pretty good deal.
#1205 of 1526
Car_Man by bcd79
Sep 22, 2008 (5:28 pm)
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I was confused by the last statement you made in the below post regarding a $10k cash incentive on the xc90??? Is this something that can be used for financing vs leasing? I got a quote on an '08 XC90 3.2 7 Passenger AWD w/versatility, climate & premium of $37.8 Sticker at $45.2 - I am actually in the market to purchase 2 (same car - one may have navigation) and was hoping the dealer could go lower considering the '09's are out now. What are your thoughts? Any help would be appreciated! Thanks!
 
Replying to: stim (Sep 19, 2008 4:25 am)
Good morning stim. Volvo Finance's lease program varies by term and mileage allowance. For now I will assume that you are interested in a 36 month lease with 15,000 miles per year. Let me know if you want something different. Volvo Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2008 XC90 V8 with 15,000 miles per year are an amazingly low .00001 and 43%, respectively. Volvo is currently providing a $2,000 cash incentive on '08 XC90s that are leased through Volvo Finance.
  
I don't know what the money factors and residual values for this truck would be for leases through independent banks, but if you lease through a bank other than Volvo Finance, Volvo is providing an unbelievable $10,000 cash incentive on this model right now.
  
Car_man
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    * Replies to this message: stim (Sep 19, 2008 4:52 am)
          o Car_man (Sep 19, 2008 5:02 am)
#1206 of 1526
Re: Car_Man [bcd79] by stim
Sep 22, 2008 (5:41 pm)
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Replying to: bcd79 (Sep 22, 2008 5:28 pm)

Through Volvo Finance - you can't take the incentive dollars they basically use that incentive to subsidize the lease with a higher residual and lower interest rate. You get the 10K or more as an incentive which takes into account some depreciation, BUT and its a pretty big BUT the residuals through anyone other than VC are ridiculously or realistically (depending on how you look at it) low. For the 08's they are in the mid thirties for a 08 V8 and only 48% for a 09. The MF is about .00202 which translates to 4.8%. Seems ok until you calculate the lease.
 
Last weekend looked at Lexus, Mercedes and Volvos. No V8's on two of the local dealer's lots and I'm only interested in a V8. Lexus rates are VERY high something like 750 for a three year lease on a RX330 and about 725 for a 08 GX470 - two grand down.
 
Mercedes offered the best deal so for. ML with Premium 1 and heated front seats the total price is about 595 monthly with 2K down for 36 months. MB seems to be subing some of the lease as the car lists for 52K.
 
Overall, the leasing situation is pretty bad considering numbers from two years ago and even last year were significantly better. No real incentives and no padded residuals. You think taking 10K of list is a good deal - not really since the car as of the 15th has now become a 1 year old car as the 09's are on the lots and stacking up at the port - so the 10K is really depreciation off list. From an accounting standpoint they still are making money on the car - just writing the depreciation off the books for the year. Not providing that in a Volvo Finance lease deal and working off the list on a 08 isn't giving you anything.
#1207 of 1526
Re: Car_Man [bcd79] -- XC 90 Purchase by coopcar
Sep 22, 2008 (10:13 pm)
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Replying to: bcd79 (Sep 22, 2008 5:28 pm)

Car Man,
If I purchase a 2008 Volvo XC90 8cyl. Sport, can I still get the $10,000 factory rebate, or is it only available on a lease? If so, is this deal only available through 9/30/08? What are the best deals on purchases that are available now? Can I purchase the car for at or below dealer invoice, plus the $10,000 rebate? Thanks for your help.
#1208 of 1526
Re: Car_Man [bcd79] -- XC 90 Purchase [coopcar] by volvomax
Sep 24, 2008 (11:19 am)
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Replying to: coopcar (Sep 22, 2008 10:13 pm)

That incentive is lease only.
#1209 of 1526
Re: Car_Man [bcd79] -- XC 90 Purchase [coopcar] [volvomax] by coopcar
Sep 24, 2008 (12:54 pm)
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Replying to: volvomax (Sep 24, 2008 11:19 am)

For the group, I've done major research on the XC90 v8 Sport deals, although I presume that some of these terms would apply to other XC90s as well. Lease rebate from Volvo is at $12,000 and purchase rebate from Volvo is at $4,250. Dealers seem willing to quickly sell for $2,000 over invoice, although I suppose there is still some room for negotiation. The best available money factor on this car is through US Bank (assuming you take the $12,000 rebate, which is only available with 3rd party leasing companies), which is at .00253. The residual is very low (36% of MSRP), so that even though a car with $55,000 MSRP can be bought with a cap cost of around $40,000, with the MF and low residual, the monthly payment is in the mid 700s without tax. Some dealers are offering lease deals in the high 600s, but those are only for cars on their lots. At the end of the day, the rebates don't save too much, as they get you back on the lease terms. It's just an expensive car, but it sure does drive great. Hope this helps.
#1210 of 1526
Re: Car_Man [bcd79] -- XC 90 Purchase [coopcar] [volvomax] [coopcar] by stim
Sep 25, 2008 (3:32 am)
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Replying to: coopcar (Sep 24, 2008 12:54 pm)

Second coopcar's research. Have been looking since the end of July. The supplies of V8's are almost nonexistent in the Midwest. The lease deals are terrible. Leasing is dying a slow death - for Suv's - you can still get deals on S80's but the manufacturers and banks are very nervous about writing leases where end lease values are uncertain. The only reasonable deal, if you want one is on Pathfinder, Acura MDX and the Infiniti QX56 (lots of inventory). On the QX56 they were willing to discount below 50 with a 60% residual and near 0% MF.
 
Looked at Lexus and quickly walked away. MF was about 4.5% and they were only taking off 4K on a 08 GX. Payment in the 7's.
 
I'm paying 349 for a two year V8 (52500$) Volvo XC90 - would have to double that to get the same car and terms today. Love it but the numbers are way too high. My dealer hinted that Nov/December will show the best deals but V8 are going to be almost nonexistent this year. May have to do a purchase with the rebates and keep the car for a period of time 5 years or more to get the most out of it. But with Volvo phasing out the XC90 in 2010 it may be a really bad financial decision if I want to sell it.

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