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Volvo XC90, Car Leasing, SUV
#1253 of 1660 08 XC90 lease incentives
Nov 17, 2008 (5:47 pm)
I have read in earlier posts that Volvo is offering incentives for non-Volvo finance leases on MY2008 XC90's. It was my understanding that the figures were $9750 for 3.2 and $12000 for V8 models, as well as $4000 dealer cash and $2000 loyalty rebates. I am also a Costco member, but in looking at their promotion online, it seems to be valid on 2009 models only.
I emailed a local Volvo sales manager (my current XC90 is from his dealership) to verify these figures. He told me the numbers are as follows for independent bank leases:
3.2 Base 11/07/2008 - 11/30/2008 $4,750
3.2 Non Base 11/07/2008 - 11/30/2008 $6,000
V8 11/07/2008 - 11/30/2008 $9,250
Residual/Money Factor for 36 month lease/12K miles/year
MY 2008 33% .00254
He also mentioned that Volvo is offering special lease rates on the 08 (not combinable with the $4000 dealer cash) ranging from .00001 to .00164 depending on term and model (I have asked for specifics on this, but haven't had a reply just yet).
Do these numbers sound correct to you? My current lease of a 2006 XC90 is over in April, and I was thinking about leasing another one sooner if the deal was significantly better than what I am currently paying. ($450/mo for 7 pax FWD w/premium & versatility pkgs).
Thanks in advance for your help!
#1254 of 1660 Good deal on 08 xc90 v8?
Nov 19, 2008 (12:50 pm)
I haved decided on purchasing a v8 xc90 2008. A dealer gave me the following lease offer through Costco.
money factor .00275
36 month lease
12,000 miles per year
$586 a month (excluding taxes), with $1500 due at signing (increased to $599 for 15k miles).
Does this sound like a good deal?
#1255 of 1660 2009 XC 90 3.2A AWD 7 passenger
Nov 19, 2008 (2:11 pm)
I desperately need to get a car by the weekend! So, can someone please please help me by replying to my earlier post # 1250.
#1256 of 1660 Re: 2009 XC 90 3.2A AWD 7 passenger [rameshr]
Nov 21, 2008 (4:12 am)
Greetingws Joy. The money factor that you were quoted is not nearly as attractive as the one that Volvo Finance is offering on the 2009 XC90 right now. This probably means that your deal is being run through an independent bank. There's nothing wrong with that, because Volvo is providing special additional cash incentives on XC90s that are leased through banks other than Volvo Finance.
Specifically, Volvo is providing a $4,750 cash incentive on non-Volvo Finance leases of this model plus an additional $750 holiday bonus cash. Add to this the likely $2,800 or so spread between this model's MSRP and dealer invoice price and you have a total of around $8,300 to play with during your negotiations. Anyhow, the point of all of this was the $11,000 discount that you were quoted looks very attractive. If you like the truck, I personally don't see any reason not to go for it.
Prices Paid: Buying & Leasing Experiences Forum
#1257 of 1660 Re: 2009 XC 90 3.2A AWD 7 passenger [rameshr]
Nov 21, 2008 (4:14 am)
Hey Joy. Please see my previous post for an evaluation of your deal. Thanks and good luck in your negotiations this weekend.
Prices Paid: Buying & Leasing Experiences Forum
#1258 of 1660 Re: 2009 XC 90 3.2A AWD 7 passenger [Car_man]
Nov 23, 2008 (8:08 am)
Thanks for your advise. By virtue of having good credit score, I was able to negotiate a better money factor (.002158) that lowered my monthly payments by approx $50. In fact, they threw in 'blue tooth' for free. I tried to increase the rebate but they just wouldn't budge anymore and was told that I have "maxed" out by being enrolled in the Costo program. I would have gotten much higher rebate (over $4k) had I been a prior Volvo owner. Overall, I am happy with the deal
Nov 25, 2008 (3:54 pm)
Hi Car Man,
I am thinking about getting the xc-90 3.2 with versatility (3rd row seat), climate, premium (leather int.) and convenience packages (nav system and seat back monitors).
The lease rate is $549 with $3971 down ($558 first payment, $1991 tax, $351 paperwork and $895 non-volvo bank fee) for a 48 month term. The residual value is $15,314 based on 31% of the $46,440 sticker price after add'l packages. This is based on 12K miles a month and the lease payments are based on $37,000.
I think the base price is $34,780, plus upgrades, minus rebates and incentives, gets me to $37,000.
Any thoughts on whether this is a fair deal?
Nov 25, 2008 (4:01 pm)
I noticed a typo. The first payment in parenthesis should have been $549. Thanks, Mike
#1261 of 1660 Re: XC-90 2009 [Petemichaels]
Nov 25, 2008 (11:37 pm)
I do not know where you live. However, you will be well advised to check with Lawrance Volvo in Walnut Creek, CA. They are offering $13,000 off MSRP from their 08 XC90s (leasing only). On top of that, current Volvo owners get a $2K loyalty discount, a $750 gift card and two ski season tickets.
Too bad I am not in the market, otherwise I'll jump on it.
Nov 26, 2008 (6:31 am)
Thanks, for the note. I am in the NYC area.