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Volvo XC90, Car Leasing, SUV
#1428 of 1659 3 year residual, Money Factor & Bank
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 onÖ
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 canít believe that they feel this vehicle will only be worth $15,651 in 3 years.
Jul 17, 2009 (3:57 pm)
Just found out tonight that my local guy is out of 2009s. Has the 2010 in stock but no info on programs until August. As far as he knows the scheduled maint that's included will be for 30k miles, no wear and tear, standard 4 year warranty.
#1430 of 1659 Re: Current Incentives [dpeck1]
Jul 17, 2009 (4:01 pm)
Don't forget about the discout off of msrp, which could be another 4,000.
Avg markup is a lot closer to $2000
#1431 of 1659 Re: Out of 2009s [crestonave]
Jul 17, 2009 (4:02 pm)
Programs due next week.
#1432 of 1659 Re: 3 year residual, Money Factor & Bank [naut_online]
Jul 17, 2009 (4:03 pm)
Yep,thats pretty much what is going on.
US Bank is the only company doing leasing at the moment.
#1433 of 1659 Re: Current Incentives [fyddych]
Jul 17, 2009 (4:04 pm)
The $3750 is only on the 5 seaters. The 7 seaters start off w/ free Premium and Versatility pkgs. 7 seater has a $500 incentive.
Yes,the incentives are stackable.
#1434 of 1659 Re: 3 year residual, Money Factor & Bank [volvomax]
Jul 20, 2009 (9:06 am)
Why is the residual so bad?????? That vehical will easly be worth over $20K in three years.
#1435 of 1659 Re: 3 year residual, Money Factor & Bank [naut_online]
Jul 20, 2009 (9:14 am)
My 2007 had a 2 yr residual of 72%. Wow, how times change ...
#1436 of 1659 Re: 3 year residual, Money Factor & Bank [fluid15]
Jul 20, 2009 (9:33 am)
My 2008 has a 72% residual also. Which makes the value today at a little over $28K. And they hit it right on the money, because if you look at the used, low milage (under 20K) 2008s for sale right now they are all in the $28K range. That's why I cannot belive it has dropped to 36%
#1437 of 1659 Re: 3 year residual, Money Factor & Bank [naut_online]
Jul 20, 2009 (9:37 am)
Because the banks all lost money on SUV's over the last year.