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Volvo XC90 Lease Questions

1552 messages,  Last post on Dec 08, 2009 at 6:55 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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#1417 of 1552
Re: Thanks Car-man! [sgt1] by volvomax
Jul 14, 2009 (9:26 am)
Reply

Replying to: sgt1 (Jul 10, 2009 6:55 pm)

The cars were all repriced in April,so that $3245 reflects the new lower MSRP.
A someone pointed out, the Premium and Versatility packages are now free.
#1418 of 1552
Re: Thanks Car-man! [volvomax] by zamo
Jul 14, 2009 (9:57 am)
Reply

Replying to: volvomax (Jul 14, 2009 9:26 am)

They were always free, for the dealer. It was never published though. How do you think they leased so well in the past?
#1419 of 1552
2008 XC90 Lease Buy-out by binsky33
Jul 14, 2009 (10:18 am)
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Hi All,
 
Way back at Message #837 I did a 2 year lease for an 2008 XC90. I am in the last 90 days of the lease. I want to keep the car and only have 18k on the odometer.
 
The lease is through Volvo Finance. The original buy-out is $30,373. I believe I need to go through a dealer not directly with Volvo finance.
 
I have seen offers in the past for nearly $5,000 below the original buy-out.
 
Is this still the case or has the residual market changed?
 
I also would like to convert to a CPO (Cert pre-owned) car with Volvo. Does this cost extra too or part of the deal of closing out the lease?
 
Does it pay to try different Volvo dealers to get a better deal?
 
Any suggestions are appreciated.
#1420 of 1552
Re: Thanks Car-man! [zamo] by volvomax
Jul 14, 2009 (1:04 pm)
Reply

Replying to: zamo (Jul 14, 2009 9:57 am)

Actually, the XC90 went a couple of years without any real incentives.
Car came out in 03,and it wasn't until 06 that Volvo had to get creative.
#1421 of 1552
Re: 2008 XC90 Lease Buy-out [binsky33] by volvomax
Jul 14, 2009 (1:09 pm)
Reply

Replying to: binsky33 (Jul 14, 2009 10:18 am)

Yes, you will have to go through a dealer. VFNA sets the number,not the dealer. So, going to a bunch of dealers is pointless. CPO costs extra. Partly it will depend on what the car needs to pass the inspection. Dealer won't just rubber stamp it.
Prices have been going up at auctions all over the country,So I don't know that you will see a $5000 price adjustment. Should be able to get a couple grand,plus the cost of CPO.
#1422 of 1552
Re: 2008 XC90 Lease Buy-out [volvomax] by zamo
Jul 14, 2009 (2:46 pm)
Reply

Replying to: volvomax (Jul 14, 2009 1:09 pm)

Any idea why prices have gone up on auctions? I spotted a 2 year old S80 with sport package and 18K miles for $19K 2 months ago, now they are not even going bellow $22K. Is there a higher demand of used cars lately?
#1423 of 1552
Re: 2008 XC90 Lease Buy-out [zamo] by volvomax
Jul 15, 2009 (7:40 am)
Reply

Replying to: zamo (Jul 14, 2009 2:46 pm)

Just like a stock, the cars value was oversold. It just got too cheap too fast.
Market is correcting itself now. Generally speaking during recessionary times used car sales go up. People who need cars are less comfortable spending NC money. With Volvo's(and other lux brands) CPO program buying used can be very beneficial.
#1424 of 1552
Current Incentives by fyddych
Jul 15, 2009 (1:55 pm)
Reply
Others have posted about this, but I haven't seen anyone respond with a definitive answer. What are the current incentives offered by Volvo on the 2009 XC90. I've seen these :
 
$3750 Dealer Incentive (is this for 5 pass. only? or both 5 and 7 pass.?)
$5000 Lease incentive for outside financing
$1500 Volvo Loyalty
$1500 NEA discount
 
Any other incentives available? Are these incentives stackable? Does this mean that you can lease a car, be a prior customer, and a teacher, and start negotiations with $11,750 lopped off immediately?
 
Thanks for some real clarification.
#1425 of 1552
Re: Current Incentives [fyddych] by dpeck1
Jul 16, 2009 (11:15 am)
Reply

Replying to: fyddych (Jul 15, 2009 1:55 pm)

Don't forget about the discout off of msrp, which could be another 4,000.
#1426 of 1552
Re: 2008 XC90 Lease Buy-out [volvomax] by bogusbogus32
Jul 17, 2009 (6:24 am)
Reply

Replying to: volvomax (Jul 14, 2009 1:09 pm)

When you say price adjustment, do you mean that VFNA will negotiate on the residual value? I was told that they have a insurance policy that protects them if the car sells at auction for less than the residual. In other words, VFNA doesn't have any incentive to negotiate the buy out. Any thoughts are greatly appreciated!

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