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Prices Paid: Buying & Leasing Experiences 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
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Replying to: naut_online (Jul 20, 2009 10:31 am) What if gas hits $4.00/gal and stays there? Banks operate in a knee jerk fashion, so that is why the residuals are where they are. Look, no one is offering the same kinds of leases they did 2 yrs ago. It just costs too much to do so. When you are selling fewer cars(as everyone is) those costs are magnified.
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Replying to: volvomax (Jul 20, 2009 11:18 am) |
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Replying to: naut_online (Jul 20, 2009 11:51 am) BMW Financial is probably offering a subvented residual in lieu of other incentives. I doubt that an X5 will be worth 55% of MSRP in 3 yrs. 3 yr old X5's wholesale in the $19-20k range, and they all stickered north of $50 grand. So, the lender takes the loss. Pretty hard to justify when sales are down. |
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Replying to: volvomax (Jul 20, 2009 12:29 pm) |
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If they give you 20%-25% off the MSRP upfront, then how likely is it that the car will be worth 50% of MSRP in three years? We didn't know how lucky we had it with those $500 payments on $48K vehicles... The banks were losing their shirts.. they just didn't know it yet. Now, they know it, and the price reflects the risk. On the plus side.. if you like to buy your vehicle at the end of the lease, you'll get a pretty good deal. $500 lease payment on an SUV? Try a Tiguan, RDX or RAV4.. Doubt you'll find anything full-sized for that payment.. Or, possibly a stripped Pilot.. Cheap leases are going to be hard to find for awhile...
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Replying to: kyfdx (Jul 20, 2009 12:40 pm)
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Replying to: kyfdx (Jul 20, 2009 12:40 pm) Agreed! |
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Replying to: naut_online (Jul 20, 2009 1:02 pm) I don't think that will last. |
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Replying to: volvomax (Jul 20, 2009 12:29 pm) Last question, I promise… Does US Bank offer a 2 year 10,500/year lease like Volvo Finance did, if so, what is the residual and money factor on that option? Thanks, Joe
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Replying to: naut_online (Jul 21, 2009 4:26 am) Also, cheap leases are gone. It is better to extend the current VCFNA leases; it MIGHT get better by the end of the year but not as good as 2 years ago. The SUV market has tanked and the wholesale value is still low (has got better a bit lately though). |
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