Last post on Apr 13, 2013 at 11:29 AM
You are in the Prices Paid - Buying & Leasing Experiences
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Volvo XC90, Car Leasing, SUV
#1504 of 1650 Costco Incentives on XC60, XC70 and XC90
Nov 15, 2009 (5:44 am)
This morning I got an email from Costco offering:
Purchase a new Volvo XC60, XC70 or XC90 between November 3, 2009, and
January 4, 2010, to receive:
* Volvo employee pricing for the XC60
* $500 off Volvo employee pricing for the XC70 and XC90
* PLUS all available rebates and incentives
* PLUS a $500 Costco Cash Card
How do I figure out what "employee pricing" is for the XC90?
(Notice that the email specifically says "purchase" so I don't know if these incentives would apply to a lease)
#1505 of 1650 Re: Costco Incentives on XC60, XC70 and XC90 [crestonave]
Nov 15, 2009 (8:00 am)
I'm not a Costco member, but I'm curious if anybody knows what their numbers are. I couldn't swallow the overinflated used car prices so I opted for OSD in January. I'm taking my oldest son to Sweden on January 1, for free!
#1506 of 1650 Re: Costco Incentives on XC60, XC70 and XC90 [adampratt]
Nov 15, 2009 (8:31 am)
Sounds great! Have a good time and a safe trip!
I'm going to check with Costco tomorrow. It will be interesting to see what the numbers are. Just poking around Overstock, I am getting prices below invoice, so I can't imagine how much better "employee prices" are, if at all. I personally think this thing is a slug, but my wife seems to like it, and I guess she should drive what she likes.
I'll post what I come up with.
#1507 of 1650 End of lease purchase question
Nov 15, 2009 (11:45 am)
I have a 2007 XC90 (Climate, Premium 12k a year) with 30000 miles and a lease ending in May. The lender (Huntingdon Bank) is anxious to have me buy the car early and has made the following offer:
based on a purchase price of $23,395, they will waive some fees, charge me 5.99 percent on the loan and no money down. they calculate $456 a month with some extended warranties, $426 a month without. Both figures are less than my current lease price, and owning would allow me to increase the insurance deductibles too.
Questions: 1) is this a good deal? 2) are there better deals coming -- is it wiser to wait a few months and see if they are willing to charge even less? When I talked to them about 6 months ago, they were not as flexible as they seem to be now.
#1508 of 1650 Re: End of lease purchase question [rundeep3]
Nov 15, 2009 (9:56 pm)
how does 23,395 compare with the residual value you originally got? are they waiving all remaining lease payments?
#1509 of 1650 Re: End of lease purchase question [crestonave]
Nov 16, 2009 (9:43 am)
The end of lease value is, I think, in that neighborhood. I did understand them to be saying that they would waive all future lease payments. The loan would just replace the lease.
#1510 of 1650 Re: End of lease purchase question [rundeep3]
Nov 16, 2009 (9:59 am)
So essentially you are going to save five or so lease payments? Sounds pretty good to me. If I were you I would still try to get a little more out of them, especially if this was their first offer, but be prepared to pull the trigger in case you can't. After all, if you wait, you'll still have to make lease payments which I kind of doubt you'll be able to recoup. Good luck.
#1511 of 1650 Re: Costco Incentives on XC60, XC70 and XC90 [crestonave]
Nov 16, 2009 (10:25 am)
Please let us know about the Costco price.
Regarding your comment about it being a "slug" - I agree. My wife picked out and loved our '07. She was happy with it until she drove an X3 and really, really enjoyed the newfound handling/drivability. We only have 1 child so the reduced space hasn't been an issue yet. Child #2 is on the way and she tells me she wants a Thule roof carrier instead of upsizing because it's more fun to drive and easier to park in day to day use. If we need more room we'll most likely consider the XC90 again because we were both happy with it.
#1512 of 1650 Grateful for thoughts on XC-90 purchase
Nov 19, 2009 (1:37 pm)
My wife is tired of driving a 1995 Land Rover falling apart. We are looking at a 2010 black/black XC-90 v6 with nav package, wood wheel, climate pack and msrp of $46,125. With Costco deal, they will bring down to $42,591. Our friend will sign on title and we save another $1500 off, so out the door at $41,091. At 3.9% and $15,000 down we'd have $591.25 a month payments for 60 months (same as my student loans, ironically).
We looked at lease option, $30,250 for 26 months with Costco deal...$17,066 residual.
Never leased before, and we keep cars a long time (I'll drive my mustang into the ground).
Does our purchase price sound like a good deal? I've looked around a bit and it seems like no one tries to go below the Costco price. My wife is too impatient to fly to Sweden and is ready to seal the deal.
Any thoughts would be much appreciated.
#1513 of 1650 Re: Grateful for thoughts on XC-90 purchase [familyguy8]
Nov 19, 2009 (1:40 pm)
Sorry - I meant 36 months on the lease.