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Volvo XC90 Lease Questions

1548 messages,  Last post on Dec 05, 2009 at 2:13 PM

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

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#1440 of 1548 Re: 3 year residual, Money Factor & Bank [volvomax] by naut_online Jul 20, 2009 (11:51 am)
Replying to: volvomax (Jul 20, 2009 11:18 am) 36% (3 yr) is what was quoted to me by the dealer; I think it is too low too. It should be more like the 50% range. BMW X5 3yr residual is currently 55%. I called US Bank and they will not tell me what their rates are as they do not lease to private individuals. I am curious what others are being told the XC90 residual is? Replies to this message: volvomax (Jul 20, 2009 12:29 pm) crestonave (Jul 20, 2009 12:33 pm) naut_online (Jul 21, 2009 4:26 am) zamo (Jul 21, 2009 6:11 am) volvomax (Jul 22, 2009 2:21 pm)
#1441 of 1548 Re: 3 year residual, Money Factor & Bank [naut_online] by volvomax Jul 20, 2009 (12:29 pm)
Replying to: naut_online (Jul 20, 2009 11:51 am) 36% is 3 yrs 15k/yr. BMW is 46% thru US Bank. 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. Replies to this message: crestonave (Jul 20, 2009 12:33 pm) naut_online (Jul 21, 2009 4:26 am) zamo (Jul 21, 2009 6:11 am) volvomax (Jul 22, 2009 2:21 pm)
#1442 of 1548 Re: 3 year residual, Money Factor & Bank [volvomax] by crestonave Jul 20, 2009 (12:33 pm)
Replying to: volvomax (Jul 20, 2009 12:29 pm) Plus I think the redesign of the XC90 is due out in 2012, so that might factor in to the low residual value. I'm going to wait and see what the programs on the 2010s are, but I'm not encouraged. I think the Acura MDX and maybe even the MB GLK 350 could come in cheaper.
#1443 of 1548 Residuals... by kyfdx HOST Jul 20, 2009 (12:40 pm)
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... Replies to this message: naut_online (Jul 20, 2009 1:02 pm) volvomax (Jul 20, 2009 2:09 pm) volvomax (Jul 20, 2009 2:06 pm)
#1444 of 1548 Re: Residuals... [kyfdx] by naut_online Jul 20, 2009 (1:02 pm)
Replying to: kyfdx (Jul 20, 2009 12:40 pm) I wish I could get a deal buying out my lease... Volvo Finance did a pretty good job getting my residual right two years ago. All the 20000 mile 2008 XC90s like mine are right around $28K, and that is exactly what my buy out is. I doubt they will be willing to negotiate very much. Replies to this message: volvomax (Jul 20, 2009 2:09 pm)
#1445 of 1548 Re: Residuals... [kyfdx] by volvomax Jul 20, 2009 (2:06 pm)
Replying to: kyfdx (Jul 20, 2009 12:40 pm) Cheap leases are going to be hard to find for awhile...   Agreed!
#1446 of 1548 Re: Residuals... [naut_online] by volvomax Jul 20, 2009 (2:09 pm)
Replying to: naut_online (Jul 20, 2009 1:02 pm) VFNA got lucky. Wholesale prices on XC90's have gone up about $3,000 in the last 5 months! I don't think that will last.
#1447 of 1548 Re: 3 year residual, Money Factor & Bank [volvomax] by naut_online Jul 21, 2009 (4:26 am)
Replying to: volvomax (Jul 20, 2009 12:29 pm) 36% is 3 yrs 15k/yr. BMW is 46% thru US Bank.   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 Replies to this message: zamo (Jul 21, 2009 6:11 am) volvomax (Jul 22, 2009 2:21 pm)
#1448 of 1548 Re: 3 year residual, Money Factor & Bank [naut_online] by zamo Jul 21, 2009 (6:11 am)
Replying to: naut_online (Jul 21, 2009 4:26 am) I don't have the numbers handy but 2 years leases for US are way expensive. The residual difference is minimal between 2 and 3 years.   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).
#1449 of 1548 Re: 3 year residual, Money Factor & Bank [naut_online] by volvomax Jul 22, 2009 (2:21 pm)
Replying to: naut_online (Jul 21, 2009 4:26 am) No, they don't.

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