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Volvo XC90 Lease Questions

1650 messages,  Last post on Apr 13, 2013 at 11:29 AM

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

Messages Page 163 of 166

#1615 of 1650 2011 VOLVO XC90 Lease & Trade question by hockeynut57

Jul 30, 2011 (8:26 am)

Car Man:
 
I live in Los Angeles county in the South Bay. I am interested in leasing a 2011 XC90 R-Design fully loaded. I also have a 2008 XC90 V8 which is leased that I am trading in. Lease ends 9/15/11.
 
Some particulars about the SUVs:
 
2011 XC90 R - Sticker is $47,225. Invoice is $44,844 which is apparently $400 higher than KBB I think due to advertising costs applied in California.
 
2008 XC90 V8 - 30,000 miles. My buy out is $20,500 before taxes from USBank which is Volvo's preferred bank from what I can tell. Car is in very good condition. There is a collision report in CarFax which, as you know, is very generic. A kid ran into the front of our car while we were stopped at a light. The kid was fine but the hood suffered a lemon sized dent from his helmet (good thing he was wearing one...). I provided the no-fault police report, insurance report and photos of the repair ($700) from the body shop. Their best trade value was $23K. Which seems very low according to KBB.
 
I am trying to get into the new Volvo for about what I am paying now -- about $600/mo WITH tax and $0 drive off. 36 months and 12,00 miles/yr.
 
A dealer told me that my credit would earn a Tier 1 money factor of .00155 and the new Volvo had a 50% residual value at the end of 3 years. My spreadsheet tells me I need to get them below invoice and get at least $24,500 for the trade to cover all fees and get me in the hunt around $600/month. The first dealer quoted $719 with $1,000 down...their lot is full of 2012s and I am looking at one of their remaining 2011s...what the???
 
Your comments and insights are welcomed!

#1616 of 1650 Re: 2011 VOLVO XC90 Lease & Trade question [hockeynut57] by Car_man HOST

Aug 09, 2011 (4:41 pm)

Replying to: hockeynut57 (Jul 30, 2011 8:26 am)
Hi hockeynut57. The lease program that you were quoted for the XC90 looks good. A selling price of under dealer invoice is pretty aggressive, though you should be eligible for a $1,000 owner loyalty cash incentive that you may not yet have taken into account. You may want wait and see if the dealer is any more willing to deal towards the end of the month.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#1617 of 1650 2008 XC90 end of lease by skoontz

Aug 14, 2011 (8:10 am)

Hello:
 
We have a lease on a 2008 XC90 that is coming to an end. What is the best way to determine value of the leased vehicle for the purposes of deciding whether to hand it back to lease company or to work it as trade-in on new lease with another car manufacturer?

#1618 of 1650 Re: 2008 XC90 end of lease [skoontz] by qbrozen

Aug 14, 2011 (8:14 am)

Replying to: skoontz (Aug 14, 2011 8:10 am)
odds are the residual is overinflated, but to find out for sure, post all the info over on Real-World Trade-in Values and you can get an accurate value of the vehicle.

#1619 of 1650 MF and Residuals for a XC90 - R Design by stim

Oct 05, 2011 (7:24 am)

Hi, looking for the MF's and Residuals for either a 2011 or 2012 XC90 R-Line. More than likely will do about 12K a year - 36 or 39 months. Currently dealers in my area have several 2011's and the 2012's are here as well. Discounts seem pretty decent.
 
Thanks.

#1620 of 1650 Re: MF and Residuals for a XC90 - R Design [stim] by zamo

Oct 05, 2011 (8:00 am)

Replying to: stim (Oct 05, 2011 7:24 am)
September numbers: http://goo.gl/2HHTK
 
What are the discounts you are seeing?

#1621 of 1650 Re: MF and Residuals for a XC90 - R Design [stim] by Car_man HOST

Oct 12, 2011 (4:31 pm)

Replying to: stim (Oct 05, 2011 7:24 am)
Hi stim. Volvo's October buy rate lease money factor and residual value for a 36-month lease of a 2012 XC90 R-Line with 12,000 miles per year are .00178 and 52%, respectively for consumers who qualify for its top credit tier.
 
The numbers for an otherwise identical lease of a 2011 model are .00178 and 45%.
 
I don't believe that US Bank is offering 39-month leases on the XC90 right now.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#1622 of 1650 Great car - deals just ok so far. by stim

Oct 12, 2011 (5:58 pm)

Thanks for the replies. Test drove it last week and loved it - compared to my X5 which has an very harsh ride due to the run flats. They also wear to the point after 8000k miles the noise is terrible. Always kept proper inflation,etc. The seats in the X5 are also terrible, unless you opt for the comfort adjustable seats. Very straight back with poor cushioning for the upper back. Actually the second month of ownership I drove from St. Louis to Atlanta, the upper back support was so bad that I had to stop at Walmart to get a seat pad! Pretty bad for a 56K car in my opinion. The X5 is also a rattle trap with squeaks and rattles everywhere especially the from the rear. Everyone in my family hates it and I hate paying the 625+ every month for something I truly hate.
 
The Volvo's electronics have been slightly updated from my 06 XC90 V8, better phone integration but its still dated compared to the offerings of Lexus, etc - but still functional. Screen could be slightly bigger and brighter but still usable. The seats are SO comfortable and the ride is firm but rattle free - also sound insulation is much better. Love the looks.
 
I haven't started the negotiate hard with the dealers yet. But from what I've loosely discussed the 2011 you can get for invoice or slightly less. With the residuals on the 11's with very little Volvo support its not a good lease deal.
 
On a 2012 maybe 3000K off list. I personally believe you can do slightly better toward the end of the year which is when my lease expires. Based on the fact that they still have several 2011's available its an indication that the RLine may be a niche car and the buyers are few and far between.
 
Will start the process in the next few weeks and report back.

#1623 of 1650 XC-90 December Lease Rates by autoboy19

Dec 05, 2011 (9:28 am)

Carman,
  
Do you have the the following December money factors and residuals:
  
3.2 AWD R-Design Premier Plus for 36 and 48 months 15k per year
  
3.2 AWD Premier Plus for 36 and 48 months 15k per year
  
Thanks

#1624 of 1650 Re: XC-90 December Lease Rates [autoboy19] by Car_man HOST

Dec 12, 2011 (5:01 pm)

Replying to: autoboy19 (Dec 05, 2011 9:28 am)
Here you go autoboy19. According to the latest information that I have seen, US Bank's current buy rate lease money factor and residual value for a 36-month lease of a 2012 XC90 32 AWD Premier Plus with 15,000 miles per year are .00127 and 52%. The numbers for an otherwise identical 48-month lease are .00150 and 42%.
 
The numbers for the XC90 3.2 R-Design Premier Plus AWD are .00127 / 51% and .00150 and 42%.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

Messages Page 163 of 166

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