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Volvo XC90 Lease Questions

1503 messages, Last post on Nov 01, 2009 at 10:13 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: Car_man (Jan 03, 2009 2:54 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 mercury mariner ford escape and edge subaru b9 tribeca, outback and forrester nissan murano sl volvo XC90 honda pilot 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 thoughts? |
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Replying to: sluurrpee (Jan 08, 2009 6:37 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: daisyr (Jan 08, 2009 7:35 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: Car_man (Jan 12, 2009 4:04 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. Best, Matt eights38 |
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Hi Folks, 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.
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Replying to: Car_man (Jan 03, 2009 2:54 pm)
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Replying to: pangilinan09 (Jan 12, 2009 3:12 pm) 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.
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Replying to: volvomax (Jan 13, 2009 10:21 am) Do you think it would be in my best interest to buy out my current XC90 and will my payments be less? |
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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 MSRP: $41795.00 price: $32918.00 (with dealer incentive and lease support) Miles: 15000 Term: 36 Months Residual: .37 Adj Residual: $16354 (on sheet. doesn't add up to 37% of MSRP) MF: .00240 AQ Fee: $995.00 Govt Fees: $500.87 Taxes: $1541.05 Doc Fee: $199.00 Security: $0 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. Thanks, Tom. |
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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) --------------------------------------------------------------------------------- - - - - - ----------------------------------------- Hi Gary, 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 --------------------------------------------------------------------------------- - - - - - --------------------------------------- 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.
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