1650 messages,
Last post on Apr 13, 2013 at 11:29 AM
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Volvo XC90, Car Leasing, SUV
#1228 of 1650 2009 XC90: Confused Lease
by jnalpak
Oct 20, 2008 (6:48 pm)
Hi there, long time viewer first time poster.
I was quoted a 2009 XC90
MSRP: 44.8k
QUOTE: 35,362
DOWN: 2944.00
LEASE: 39 mth/12k miles for 500.00
silver ext /black int
pkg: climate & premium
addon: ipod/bluetooth
when i go to the volvo website i see a MSRP of 44.3k with the following:
Convenience Package
Climate Package
Premium Package
iPodŽ Music Interface
Park Assist Camera
Sirius Satellite Radio
Bluetooth Hands-Free System
Can someone help make sense of this? I am very confused, could i use this information to my advantage?
thanks for the help
#1229 of 1650 Re: October Lease rates [Car_man]
by daisyr
Oct 20, 2008 (7:51 pm)
Hello Car_Man. Thank you for your message. So given that it is close to the end of the year, what can one expect to pay a dealer for 2008 XC90 V8 with the following:
Real-Time Navigation
Convenience Package
Climate package
Bi-Xenon headlights
Dynaudio stereo system
BLIS
MSRP is $56057, Invoice $51708. Can we ask for below invoice price and then get the $12K cash incentive on top of that? We are in Marin County, California.
The current sales price we were quoted for a USBank lease was $42708, residual of $16256, MF 0.0025, $1000 loyalty rebate, $5000 partial trade-in. monthly payment of $589, exlcuding sales tax. My inclination is to ask for Invoice less the $12k cash incentive for sales price of $39708. Any thoughts?
Tks.
Oct 21, 2008 (5:32 am)
Would anyone be kind enough to comment on the following lease? My wife and I wound up in the dealership with two young children and we've only bought cars outright in the past. We went into the Volvo dealership not having a clue about the XC90, liked it quite a bit and decided to take the plunge. Recipe for disaster?
2008 Volvo XC90
6K mi. (loaner car)
6 cyl.
Met. paint
Climate package
Blind spot protection
Premium package
Versatility
36 month lease
10.5K mi./yr
486.62/mo.
At signing: 1579.52 (incl. tax) + 795 bank fee + 486.62 1st month + misc. small fees = 2928.64
#1231 of 1650 Re: XC90 Lease [davidg11]
by srexy
Oct 21, 2008 (8:32 am)
Here's a so-called "give-away" offer from my local dealer.
08 i6 3.2l Versatility and Premium package:
12,000 miles per year
39 months
$474 per month plus tax
$1,475.72 Due at signing
I've yet to hit him up for the sale price MF and residuals yet.
We'll be test-driving the XC90 & Mazda CX9 back to back tomorrow. Personally I'd rather go w/the CX9 due to the $$ available on that car but my wife will be the one to make the call ultimately.
It's ironic that I find myself shopping for a Volvo again. We did this 2yrs ago, and my preferred choice was the XC90, but we were lured away by an amazing lease on the M-B R350
#1232 of 1650 Re: October Lease rates [daisyr]
by Car_man HOST
Oct 23, 2008 (5:28 pm)
You're welcome, daisyr. If you lease the XC90 that you are interested in through Volvo Finance then it is not eligible for the $12,000 cash incentive, it only gets $4,000. If I was in the market for this truck right now, I personally would shoot for a selling price that's withing a couple hundred dollars of invoice and then have the dealer subtract the cash from that, again four grand for a Volvo Finance lease and $12,000 for a lease through any other bank.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Oct 28, 2008 (8:52 am)
What are the residuals for a 2 or 3 yr. lease on this vehicle and the money factor? Any rebates on the 2009?
#1234 of 1650 Re: XC90 2009 [zachman1]
by Car_man HOST
Oct 29, 2008 (4:44 am)
Hi zachman1. Volvo Finance's lease program for the XC90 varies by trim level. You never provided any details on the exact model that you want, so for now I will assume that you are interested in a 2009 XC90 3.2 5 Passenger AWD. Let me know if you want something different. If you were to lease this model through Volvo Finance right now for 24 months with 15,000 miles per year, its buy rate lease money factor and residual value would be .00132 and 54%, respectively. The numbers for an otherwise identical 36 month lease are .00182 and 46%.
Other than a $500 incentive for loyal customers, Volvo is not providing any cash incentives on leases of the '09 XC90 through Volvo Finance. It does however have $4,750 to $7,750 in cash incentives for leases of this vehicle through independent banks.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#1235 of 1650 All lease rates in one place
by kylechoffman
Oct 29, 2008 (2:05 pm)
Car_man can you post all known offers in one place when you have a chance?
Both 2008 and 2009
Example:
Volvo Finance MF/ Resid/ Incentives (rebates/ Cash back)
12000 miles and 15000 miles on 5 pass non AWD
From what I see from your earlier posts:
15K miles on a 2008 with 24 month lease 2.5 5 pass AWD - .00132 and 54%
15K miles on a 2008 with 36 month lease 2.5 5 pass AWD - .00182 and 46%
Incentive on 2008 7 pass awd is $ 7,750
2008 5 pass AWD for 3 yrs 12K miles is .00136 and 43%,
Other Banks (and their name) with MF/ Resid/ Incentives (rebates/ Cash back)
12000 and 15000 miles on 5 pass non awd
Here are the incentives you listed from independent banks:
XC90 3.2 5 Passenger 2WD: $9,750
XC90 3.2 7 Passenger 2WD: $9,750
XC90 3.2 5 Passenger AWD: $9,750
XC90 3.2 7 Passenger AWD; $9,750
What bank are these from and do you know the MF & Resid?
Thanks in advance for doing this. You do great work. Its just hard to follow all the possibilities and would be great to have them summarized once a month (if time permits).
PS can you get the 500 loyalty if you own a volvo and trade it in but use an independant bank? Also see there is 4000 in marketing support - any limitations on that?
Cheers
Nov 03, 2008 (1:52 pm)
Carman:
Lease would be based on 36/12K with only inception fees for the 3.2L with the following options:
Premium, climate, versatility, RSE and maybe the convenience package.
Any lease incentives with Volvo or independent banks on the 2009?
Loyalty incentive? Costco incentive?
Money factor with Volvo and independent bank? Residual with Volvo and other bank?
Nov 04, 2008 (12:20 pm)
CarMan:
This is what I was recently quoted:
$620 per month for 36 months on the 3.2model with inception fees of $1700 and 12K.
Options include: AWL, premium, climate, versatility, DVD, convenience and metallic paint.
residual was 40% and interest rate 5.4%
Is this a good deal?