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Volvo XC90 Lease Questions

1549 messages,  Last post on Dec 05, 2009 at 9:37 PM

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

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#1419 of 1549 2008 XC90 Lease Buy-out by binsky33 Jul 14, 2009 (10:18 am)
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. Replies to this message: volvomax (Jul 14, 2009 1:09 pm) zamo (Jul 14, 2009 2:46 pm) volvomax (Jul 15, 2009 7:40 am) bogusbogus32 (Jul 17, 2009 6:24 am) binsky33 (Jul 22, 2009 2:54 pm)
#1420 of 1549 Re: Thanks Car-man! [zamo] by volvomax Jul 14, 2009 (1:04 pm)
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 1549 Re: 2008 XC90 Lease Buy-out [binsky33] by volvomax Jul 14, 2009 (1:09 pm)
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. Replies to this message: zamo (Jul 14, 2009 2:46 pm) volvomax (Jul 15, 2009 7:40 am) bogusbogus32 (Jul 17, 2009 6:24 am)
#1422 of 1549 Re: 2008 XC90 Lease Buy-out [volvomax] by zamo Jul 14, 2009 (2:46 pm)
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? Replies to this message: volvomax (Jul 15, 2009 7:40 am)
#1423 of 1549 Re: 2008 XC90 Lease Buy-out [zamo] by volvomax Jul 15, 2009 (7:40 am)
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 1549 Current Incentives by fyddych Jul 15, 2009 (1:55 pm)
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. Replies to this message: dpeck1 (Jul 16, 2009 11:15 am) volvomax (Jul 17, 2009 4:01 pm) volvomax (Jul 17, 2009 4:04 pm)
#1425 of 1549 Re: Current Incentives [fyddych] by dpeck1 Jul 16, 2009 (11:15 am)
Replying to: fyddych (Jul 15, 2009 1:55 pm) Don't forget about the discout off of msrp, which could be another 4,000. Replies to this message: volvomax (Jul 17, 2009 4:01 pm)
#1426 of 1549 Re: 2008 XC90 Lease Buy-out [volvomax] by bogusbogus32 Jul 17, 2009 (6:24 am)
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!
#1427 of 1549 Why? by crestonave Jul 17, 2009 (10:30 am)
Does Edmunds show the 3.2 version listed twice in it's new car pricing section, with two very different prices for the same equipment depending on which line item you select? Is one the five passenger, and one the seven passenger?   Also, does the "what others are paying" price include the incentives which are shown under the "view" screen?   Thanks. Confusing.
#1428 of 1549 3 year residual, Money Factor & Bank by naut_online Jul 17, 2009 (11:11 am)
OK, I'm looking at a 2009 XC90 R-Design (love the uniqueness) MSRP = $46,033 My local dealer is telling me a few things that I would like verification on… 1) The 3 Yr. residual is only 34% 2) US Bank is the only bank leasing Volvos 3) The best money factor I can get with a 750+ credit score is .00230 Is this all true, is it really that bad??? I can’t believe that they feel this vehicle will only be worth $15,651 in 3 years. Replies to this message: volvomax (Jul 17, 2009 4:03 pm) naut_online (Jul 20, 2009 9:06 am) volvomax (Jul 20, 2009 9:37 am) and 8 more... fluid15 (Jul 20, 2009 9:14 am) naut_online (Jul 20, 2009 9:33 am)

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