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Volvo XC90 Lease Questions

1550 messages,  Last post on Dec 06, 2009 at 3:00 PM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

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


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#21 of 1550
good lease deal by wvufan2
Dec 05, 2005 (12:44 pm)
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Hi Car man,
What do you think of this deal?
2.5T XC90
versatility,premium,convienence packages, premium sound,dvd entertainment with MSRP of 46,500, invoice of 41,900.
Lease for 36 months/15,000 a year,$4000 down payment, monthly payments between $550-575 . Can I do better, or is this a fair deal, thanks.
 
Helpless in Houston
#22 of 1550
Volvo XC90 Purchase Price by paulavalgal
Dec 07, 2005 (4:53 pm)
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Car Man,
I am purchasing a car for the first time without my dad...on my own so I am afraid I may be taken advantage of since I am a woman. Is the following a good deal?
 
2006 XC90 2.5 AWD, metallic paint, leather, Premium Package, Versatility Package and Convenience Package for $38,000 (the MSRP was $44,535).
 
Should I go for it? By the way I am in Boston.
#23 of 1550
Is this Lease A Fair Deal by brits
Dec 21, 2005 (10:39 am)
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I have a S-80 coming of lease and have been offered the following on a 2006 XC 90 2.5T. The vehicle has premium and versatility package and is stickered at $41,908. They are going to sell me the car for $36,021. They also told me if I lease it with Chase they have some tax credits for me. Only first payment out of pocket for 36months 15k a year $576 a month including all taxes. Does this sound like a fair deal. I am only paying $517 a month on my S-80 and was close to the same price. Credit score is 820.
 
Thanks in Advance
Mike
#24 of 1550
Chase Lease Terms by jabber
Dec 23, 2005 (10:53 am)
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Carman or anyone else,
 
I've been told by a Volvo dealership that on a 2006 2.5T AWD:
 
36 months
Residual = 56%
MF = .0023
 
The residual seems low and the MF high...can anyone confirm this?
 
Also, the salesman told me I would have to pay $877 in gap insurance. I've been leasing for a long time and have never paid for gap insurance, it's always been included as part of the terms of the closed end lease contract. Can you confirm whether this is a disingenious attempt to pad the dealer's profit.
 
All that aside, the price seems to be okay at $3K under invoice.
#25 of 1550
US Bank lease by jacmyoung2
Dec 23, 2005 (2:39 pm)
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In N. CA, 2006 XC90 2.5T AWD, MSRP $44,500? including Dest, selling $38,958, prem, vesa, climt, 48mo, 15,000K, 45%, 0.00198, $500 out of pocket and $528/mo. + Tax.
 
We didn't think it was the bottom line but thanks to this site we knew it couldn't be bad. Mentioned Costco memebership the dealer (Winter Volvo in Sacto.) showed the invoice and their bottom line on the first try. All matched what we learned from here.
 
Our lease contracts in the past never mentioned gap insurance, and we were told by our insurance it is only useful for the first year.
#26 of 1550
2006 XC90 2.5T 5P by jabber
Jan 04, 2006 (7:51 pm)
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Okay, I finalized this deal on new year's eve and believe it's more than fair (I hope - feedback would be appreciated).
 
Premium Package
Climate Package
AWD
Dual Screen Rear-Seat Entertainment
 
36 Months, 15K miles/yr
MSRP $44,250
Selling Price $37,296 (about $3740 under invoice)
MF: .0019 (Wells Fargo Platinum - FICO>745)
Residual: 55% although they residualized $850 worth of package discounts making the effective residual almost 56%
Rolled into lease NJ taxes, MV fees, Doc Fee, and $795 Acquisition fee.
 
$530 due at signing (first month's payment)
$530/month
 
I will also apply for $500 rebate through AAA mid-atlantic volvo program, basically making my first monthly payment $30.
#27 of 1550
Re: 2006 XC90 2.5T 5P [jabber] by jacmyoung2
Jan 05, 2006 (9:22 am)
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Replying to: jabber (Jan 04, 2006 7:51 pm)

Best lease deal I have seen so far jabber, congrats! I made a mistake, our MSRP was $43,550. We opted for the third seat instead of DVDs. Our selling price was $38,300 plus $495 acquisition fee. We did get two season ski passes worth $700.
 
I was told with AWD no chain is required in the snow, we'll see.
#28 of 1550
Re: 2006 XC90 2.5T 5P [jabber] by jacmyoung2
Jan 05, 2006 (10:16 am)
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Replying to: jabber (Jan 04, 2006 7:51 pm)

BTW jabber, can you give me some details on the AAA-Volvo rebate program? Is there a number to call for more info? Thanks
#29 of 1550
Re: 2006 XC90 2.5T 5P [jacmyoung2] by jabber
Jan 05, 2006 (7:31 pm)
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Replying to: jacmyoung2 (Jan 05, 2006 10:16 am)

Volvo has affinity programs with various associations (AAA, Volvo Club of America, Bar Associations, Credit Unions, Trade Associations, etc).
 
Go to www.volvoprogram.com
 
Each association has it's own code that you'll need to register and obtain a form to file to get the rebate. As far as AAA is concerned, you need to be a member of a specific regional club that is part of the program. The code for AAA Mid-Atlantic is CDLFfc3. ** You have to have been a member of the association for at least 6 months prior to your purchase in order to qualify. **
#30 of 1550
Re: 2006 XC90 2.5T 5P [jabber] by jacmyoung2
Jan 06, 2006 (11:21 am)
Reply

Replying to: jabber (Jan 05, 2006 7:31 pm)

Thank you so much jabber, I entered the site with the code you gave me, it returned with California State Automobile Association (I am a long-time CSAA member) rebate program, and the expiration is 01/03/06. I called the number and was told since I purchased the Volvo before 01/03/06, I should qualify.
 
I am mailing in my rebate request and see what will happen. Again thank you for the headsup.
 
BTW, before I tried your code, I called every organization I could think of, from Volvo, AAA to dealers, no one had a clue. Out of desperation, I decided to try your code and CSAA popped out right in front of me. So I wouldn't believe it until the check is in my hand.

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