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You are in the Prices Paid - Buying & Leasing Experiences
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Volvo XC90, Car Leasing, SUV
#1264 of 1660 Volvo XC90 V8 Leasing
Dec 09, 2008 (7:40 pm)
I am looking to lease a 2008 XC90 V8, and the dealer quote me the following price, can anyone let me know if it is a good deal?
Trade in: 2006 Volvo XC90 2.5 Liter 36K mile with $16K balance with Volvo Finance,
Pay off remaining balance of the 2006 car
$0 drive off
42 Month $615 + tax
They said this is what they can do through the Costco program, but I have a feeling they can do better than that... any adivise will be much appreciated.
#1265 of 1660 Re: Volvo XC90 V8 Leasing [uzhany]
Dec 09, 2008 (7:59 pm)
Is it possible that you could do better leasing a 2009? I stopped at Volvoville in Massapequa New York yesterday and saw a 2008 in the showroom which was very deeply discounted, but the salesman told me that the Costco program and the lease deals only applied to the 2009 model. Also it's hard to comment on your deal without knowing the msrp of the car you're looking at as well as the price that you negotiated.
#1266 of 1660 Re: Volvo XC90 V8 Leasing [crestonave]
Dec 10, 2008 (9:37 am)
The volvo I was looking at is a XC90 V80 model the MSRP is $55k, and after the negotiated prices is around $39K
#1267 of 1660 Re: Volvo XC90 V8 Leasing [uzhany]
Dec 10, 2008 (10:17 am)
2006 Volvo XC90 2.5 Liter 36K mile with $16K balance with Volvo Finance
And what did they give you for your car?
#1268 of 1660 Re: Volvo XC90 V8 Leasing [qbrozen]
Dec 10, 2008 (10:38 am)
they said they will pay off the balance
#1269 of 1660 Re: Volvo XC90 V8 Leasing [uzhany]
Dec 10, 2008 (11:14 am)
They love saying that.
Yes, they will pay off the balance. They have to pay off the balance. But that doesn't mean they are giving you $16k for the car. They may, for instance, credit you $14k, pay off the balance, and add the $2k balance to your new vehicle.
#1270 of 1660 Re: Volvo XC90 V8 Leasing [crestonave]
Dec 10, 2008 (11:25 am)
That information is incorrect.
Costco can be used on either the 08 or 09 XC90's.
The lease incentives are greater on the 08's.
#1271 of 1660 Re: Volvo XC90 V8 Leasing [volvomax]
Dec 11, 2008 (4:00 am)
Are you suggesting that my sales consultant told me a non-truth ????
Thanks so much for this information. Would it be possible for you to recap the lease incentives on the 2008 XC90s? This particular dealer told me that he has five in stock. I went back a bit in the forums and I didn't see any posts detailing the current incentives on 2008s.
Very much appreciate! Thanks!
#1272 of 1660 Lease Buy-Out Negotiation? - 2006 XC90 V8
Dec 11, 2008 (4:57 am)
I have a 2006 XC90 V8 coming off lease next month. The residual is about $31,000. My dealer told me that in the current market the wholesale is around $22,000. I would like to buy the car but will not pay anything close to $31K. Is there any way to negotiate a lower buyout with Volvo finance? Thanks!
#1273 of 1660 Re: Lease Buy-Out Negotiation? - 2006 XC90 V8 [flufjet]
Dec 11, 2008 (8:31 pm)
To answer some questions...
1- Leasing is better on '09 models. Loyalty+Gift card+Costco applies to 08 and 09 models.
2- I would suggest anyone who is thinking about buying/financing an 09 XC90 to lease it first then buy it. There is so much alternative leasing money that works out alot better than financing it.
3- If your lease is with Volvo Finance and you are looking to buy your current lease vehicle, you need to go to your dealership to buy the vehicle. Volvo Finance.does not allow customers to buy their vehicles thru them. Fifth Third and US bank is another story.
4- Above applies to Southeastern market as I do not have the information for the other markets.
Hope this helps