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Volvo XC90, Car Leasing, SUV
Jan 10, 2009 (6:25 pm)
need some advice - i am coming of my lease next month. my mercury mountaineer is a 2006 premier v8 awd, navigation, loaded. the lease was 3 yr 45k miles through an x plan in 2006. I had put 2k down paying about $442 month. while i had 45k mile lease, i only used 35k so if i lease again then i plan on doing 36k.
i am looking to downsize both vehicle and cost. i do however want a car that can transport family - wife & 2 kids in cars seats. do not want a minivan.
i have test drove the following
ford escape and edge
subaru b9 tribeca, outback and forrester
nissan murano sl
i have found that the x plan seems to get me nothing as cars are going for less than invoice - would you agree?
i asked for a lease price on a ford escape and they gave me $480 month. i didn't even bother negotiating since i wasn't buying - though i was amazed at the rather large amount. fact is the residual is pretty low so monthly is high
i didn't ask for a price on the subaru's but the salesman suggested that the residuals were pretty decent. my wife has an outback and i wouldn't be opposed to getting tribeca, outback or forrester.
i test drove a 2009 xc90 today. msrp was 44,570, sale price was 37,000 and with 3,500 down i could pay $595 a month. residual was 41%. with nothing down it would be close to $700 month - ridiculous. i was initially drawn to the volvo dealership b/c of good looking prices on 2008 models - though they said effective in november you can't get a lease on a 2008. also the msrp on a stripped down xc90 was only $36k, but it seems like those don't exist.
i have x plan type access to all the ford, lincoln, mercury, volvo, nissan, volkswagon, GM, but probably wont do much for me.
I like my mountaineer. the paperwork indicates i could buy it at lease end next month for 18750 + 500 + tax. I wonder if i could offer the lease company some insane low price and they would sell it to me rather than taking it in. looking on edmunds, the trade in value seems to be around $13k. thoughts on doing this and how to approach this/what to offer?
Long story short - my goal is to get some sort of suv/wagon etc. Ideally if i could pay $300-400 month with no money down that would be great. lease or buy. i don't necessarily need bells & whistles though that is how the cars on the lot seem to be. maybe i need to look at buying with a 60 month loan. live in MA
#1298 of 1650 Re: 08 and 09 XC90 November Lease Info [sluurrpee]
by Car_man HOST
Jan 12, 2009 (5:04 am)
Hi sluurrpee. Unfortunately, I don't know what US Bank's lease program is like on this model right now, but I can tell you that Volvo is currently providing a $5,000 cash incentive on 2009 XC90 V6 models that are leased through banks other than Volvo Finance.
Prices Paid: Buying & Leasing Experiences Forum
#1299 of 1650 Re: Dealer Cash on 2008 V8 XC 90 models [daisyr]
by Car_man HOST
Jan 12, 2009 (5:10 am)
You're welcome, daisyr. Dealer invoice minus the long list of cash incentives that you mentioned is a very good price. The main thing that I would have done differently on this deal is not use the proceeds from your trade as a capitalized cost reduction. I would have had the dealer cut me a check for it instead. Also, I can't imagine myself leasing a car that has a 28% residual value. That is unbelievably low. At that point one might as well just finance the entire vehicle. If I was set on leasing, I would lease something that has a 36 month residual value in the 50% or high 40% range.
Prices Paid: Buying & Leasing Experiences Forum
#1300 of 1650 Re: 08 and 09 XC90 November Lease Info [Car_man]
Jan 12, 2009 (7:17 am)
2009 Volvo XC90 3.2L AWD
36 Months - 12,000 Miles per Year - 0.00250 Money Factor - 36% Residual
39 Months - 12,000 Miles per Year - 0.00250 Money Factor - 34% Residual
42 Months - 12,000 Miles per Year - 0.00250 Money Factor - 32% Residual
48 Months - 12,000 Miles per Year - 0.00250 Money Factor - 28% Residual
51 Months - 12,000 Miles per Year - 0.00250 Money Factor - 27% Residual
* Subtract 1% from Residual for 15,000 Miles per Year. 10,000 Miles per Year Not Available.
Jan 12, 2009 (4:12 pm)
I am currently leasing a 2007 XC90 and my lease expired this month. I am 10k miles over my leasing aggrements mileage and looking to lease a V70 2008 fwd msrp $33 685. I want to reduce the monthly payment and would like not to have any cash outlay. Any information would be appreciated.
#1302 of 1650 Re: 08 and 09 XC90 November Lease Info [Car_man]
Jan 13, 2009 (9:41 am)
Hi Car man - you had mentioned a new program for the Volvo XC90 for January. Is there a new program? Is the program you had outlined (the one with major cash incentives) still active? Thanks so much for the great info.
#1303 of 1650 Re: Trade-in questions [pangilinan09]
Jan 13, 2009 (11:21 am)
2008's can't be leased anymore.
Even when they could, the V70 didn't lease well as Volvo didn't support the car.
You are better off looking at another XC90, although lowering your payment is going to be very very difficult.
#1304 of 1650 Re: Trade-in questions [volvomax]
Jan 14, 2009 (7:07 pm)
Do you think it would be in my best interest to buy out my current XC90 and will my payments be less?
#1305 of 1650 XC90 Lease numbers
Jan 21, 2009 (12:04 pm)
Just went to a dealership in NJ and looked at a 2009 XC90 3.2 AWD. Premium Package and Climate Package. 5 - passenger.
Factory to dealer incentive. $1500
Volvo Lease support. $5000
price: $32918.00 (with dealer incentive and lease support)
Term: 36 Months
Adj Residual: $16354 (on sheet. doesn't add up to 37% of MSRP)
AQ Fee: $995.00
Govt Fees: $500.87
Doc Fee: $199.00
Due at signing: $3814.28 (Taxes + Govt fees + Aquisition Fee + Doc Fee + first Payment).
monthly payment: $578.36
Salesman said they could move a little bit on the price to lower the payment. hundreds not thousands. We are just shopping around at this point but since he printed out the exact terms for me I figured I could post it here and see how the deal stacked up. Any input would be appreciated.
#1306 of 1650 XC90 Lease 36 month E.D? (European Delivery)
Jan 24, 2009 (10:18 pm)
I am currently leasing a Nissan Xterra Suv 2006 that will expire in 120 days and I have been talking to three volvo dealerships in Los Angeles that do European Delivery. Recently, I was quoted a very high rate and told that Standard Rates must be used: (Here's the message below from one dealer)
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Worked up a 2009 lease on a base XC90 and your payments were 932.00!
This is because we must use standard rates, no lease discounts, etc
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Is there any way I can make this payment less per month without having to pay a very high down payment? And why are the rates so high with Volvo for E.D lease program? I thought this would be reasonable? My first expectations were $2000 walk off lot with a $400 dollar or less monthly fee for Base XC90 that would be in stock and not having to worry about the building the vehicle fees. I'm going to phone Volvo Customer Care and see if this Standard Rate is legit! It seems really high. I heard that the sales people do not make that much money off of E.D lease deals compared to selling or leasing a car off from there own lot and it seems like some of these dealers will try to sway you into buying or leasing a car off from there lot.