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Volvo XC90 Lease Questions

1550 messages,  Last post on Dec 06, 2009 at 3:00 PM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

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


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#1287 of 1550
Re: 2008 XC90 V8 [mmorisky] by qbrozen
Dec 29, 2008 (11:43 am)
Reply

Replying to: mmorisky (Dec 28, 2008 8:45 pm)

*choke*
25% residual after 4 years!!!
#1288 of 1550
Re: 2008 XC90 V8 [qbrozen] by zamo
Dec 29, 2008 (11:49 am)
Reply

Replying to: qbrozen (Dec 29, 2008 11:43 am)

I am in for the buyout! Call me at maturity.
#1289 of 1550
Re: looking for opinions [shyman] by shyman
Jan 02, 2009 (3:45 pm)
Reply

Replying to: shyman (Dec 21, 2008 10:30 am)

decided to return the car and decided on a Audi Q7 instead of releasing another Volvo
 
so far I'm extremely happy with my decision as the Audi so far blows away the XC90
 
kind of sad that in the last three months I went from owning two Volvos to owning zero!
 
turned in my 01 S60 for an Acura TL ..much more fun car to drive and the thought of purchasing a new 09 S60 and driving the same care for 16 years made me depressed..( Volvo shame on you for taking so long to refresh you models)..pretty much the same reason I didn't get a new XC90 as well.. one of the joys of leasing is getting a new care every few years..given that the 09 XC90 was almost identical to my 06 XC90 I didn't I was to enticed to basically buy the same car again..
#1290 of 1550
Re: Dealer Cash on 2008 V8 models [daisyr] by Car_man HOST
Jan 03, 2009 (2:38 pm)
Reply

Replying to: daisyr (Dec 20, 2008 6:00 pm)

Hi daisyr. It's good that you know this vehicle's MSRP, but you never mentioned what its selling price is. This is a very, very important number for you to know. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Without the selling price, it is difficult to tell if there is any room left to negotiate. Find out what this number is and let us know. I'm sure that either myself or another knowledgeable community member will be happy to give you their opinion on it.
 
For now, I can tell you that Volvo is currently providing an enormous $12,000 cash incentive on leases of the '08 XC90 V8 through independent banks. Add to this the $750 holiday bonus cash, $2,000 owner loyalty cash, and $1,000 Costco bonus cash (it makes it worth your while to join) and whatever dealer discount you are able to negotiate (you should be able to get close to dealer invoice) we're talking a very low selling price.
 
I see that you are considering making a $3,500 capitalized cost reduction on your lease. It would be in your best interest not to use any of the proceeds from your trade as a cap cost reduction. Consumers who make large down payments on leases risk losing part or all of them if their vehicle is totaled in an accident.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#1291 of 1550
Re: buyout price on 2007 xc 90 lease [redtail1] by Car_man HOST
Jan 03, 2009 (2:51 pm)
Reply

Replying to: redtail1 (Dec 20, 2008 6:28 pm)

Hi redtail1. Five grand less than the purchase option price on your lease contract isn't bad. However, it would be in your best interest to do two things. First, compare this price to the value of this vehicle on the open market right now. You can find out approximately what your vehicle is worth by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site. You also may want to stop by the following discussion: "Real-World Trade-In Values". You can even look at different dealer web sites on visit a few dealers to get some idea of what the market is like for '07 XC90s right now.
 
Also, make sure to place a call directly to Volvo Finance, or whichever bank you are leasing your vehicle through. You may be able to negotiate a lower selling price directly through them than by involving the dealer. There's no guarantee that you'll be able to, but you don't have anything to lose by trying.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#1292 of 1550
Re: 08 and 09 XC90 November Lease Info [ucbsupafly] by Car_man HOST
Jan 03, 2009 (2:54 pm)
Reply

Replying to: ucbsupafly (Dec 25, 2008 4:39 pm)

Hello ucbsupafly. I believe that the lease program that you re-posted is still good. The amazingly low money factor that I mentioned was available on the base model was not a typo.
 
However, Volvo is scheduled to introduce a new program any day now. Please feel free to check back with me towards the end of the week and I should be able to provide you with an update on what its new January program is like. Talk to you then,
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#1293 of 1550
Re: 08 and 09 XC90 November Lease Info [Car_man] by sluurrpee
Jan 08, 2009 (6:37 pm)
Reply

Replying to: Car_man (Jan 03, 2009 2:54 pm)

Just got this quote on an 09 XC90 V6 AWD 7 passenger from a SoCal Dealer
 
MSRP: $44,570
Cap Cost: $34,000
Total Drive Off: $2,500
36 months
15k miles/yr
MF = .00222
Residual: 37%
US Bank Lease
 
What do you think? I didn't get the break down on the drive off but it includes bank fee ($695), DMV, etc.
 
I'm mainly wondering if the residual and MF are correct and the best available?
 
Car Man do you know the residuals, MF and cash incentives on the XC90 AWD V6 through US Bank?
 
Thanks!
#1294 of 1550
Re: Dealer Cash on 2008 V8 XC 90 models [Car_man] by daisyr
Jan 08, 2009 (7:35 pm)
Reply

Replying to: Car_man (Jan 03, 2009 2:38 pm)

Thanks for your reply. I can't believe I forgot to include that important detail. Anyhow, the selling price was $37195. We did end up going with this deal, but wish I had gotten your message before we purchased it on Dec 23rd. Oh well...
We did end up getting the car at invoice less all the dealer cash incentive ($13800) with a lease through Bank of the West. We also got the $750 giftcard and the $2000 loyalty cash (we own a V70XC). Residual is at 28% with MF of .00257. We did use $3500 from our tradein, and payments ended up at $505 + tax. This was done through Volvo of Marin in Northern California. We loved our salesmen. This is the 2nd car we've gotten through him. Very straightforward and no haggling.
What do you think we could have done better, for future reference?
 
Thanks!

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