- #478 of 1550
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Re: Just leased a new xc90 3.2 AWD- $468/month 0 down [dfarber]
by dcjme
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Mar 20, 2007 (9:01 am)
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Replying to: dfarber (Mar 17, 2007 5:58 pm)
dfarber -- Thanks for posting this. I'm using this now as the basis for a negotiation on a similar car. Sorry if I missed this info in an earlier post, but do you know what the residual percentage on the car was? Another poster had the V8 at 71%. Just curious if the 3.2 is the same.
Thanks
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- #479 of 1550
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Re: Just leased a new xc90 3.2 AWD- $468/month 0 down [dcjme]
by dfarber
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Mar 20, 2007 (5:55 pm)
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Replying to: dcjme (Mar 20, 2007 9:01 am)
my residual was 68%. i'd imagine the v8 would be similar. 71% could have been the percentage a few months ago, but it will drop throughout the year so 71 seems high at the current time. the dealer will give you the purchase option so you can figure it out yourself.
best of luck. i've found this website incredibly helpful. before i stumbled upon it, i was ready to lease the car at a $50/month higher payment than what i ended up getting.
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- #480 of 1550
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Re: JAN 07 Lease Rates [kylechoffman]
by Car_man HOST
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Mar 26, 2007 (1:30 am)
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Replying to: kylechoffman (Feb 22, 2007 1:29 pm)
No problem kylechoffman. Are these prices the MSRPs or the X-Plan prices of the trucks that you're interested in? I need you to provide me with both in order for me to calculate sample lease payments.
Car_man
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- #481 of 1550
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Re: March Incentives [goucla]
by Car_man HOST
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Mar 26, 2007 (1:44 am)
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Replying to: goucla (Oct 24, 2006 2:06 am)
Hi goucla. I believe that Volvo Finance's money factors and Volvo's cash incentives for the 2007 XC90 are exactly the same in March as they were in February.
Car_man
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- #482 of 1550
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Re: Lease Help [familyguy7]
by Car_man HOST
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Mar 26, 2007 (1:58 am)
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Replying to: familyguy7 (Mar 06, 2007 8:08 am)
Hi Dana. Is this lease being run through Volvo Finance or an independent bank? This is an important piece of information because the money factor that will be used to calculate your XC90's lease payment is better for leases through Volvo Finance, but Volvo is providing additional cash incentives on leases of this model through independent banks. I'm going to guess that this is a Volvo Finance lease. Let's take a look at this vehicle's selling price. The spread between the full MSRP and dealer invoice price of a base 2007 XC90 V8 is around $3,000 plus Volvo is currently providing a $1,000 cash incentive on leases of it through Volvo Finance. This gives you a total of $4,000 or so to play with. You were quoted a discount of $3,560. This looks like a very reasonable price to me. Make sure that the dealer that you are working with uses this Volvo Finance's current 36 month buy rate lease money factor of .00193 or its 48 month buy rate of .00197 to calculate your monthly payment and you're in business.
Car_man
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- #483 of 1550
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Re: XC90 lease [ukgirl]
by Car_man HOST
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Mar 26, 2007 (2:01 am)
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Replying to: ukgirl (Mar 07, 2007 12:05 pm)
Hi ukgirl. You never mentioned the selling price of the XC90 that you are interested in leasing. This is an important number for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing the price of the truck that you want to lease you don't know how good a price you are getting it for. The second reason is that one needs the selling price of a vehicle that they want to lease is that it is necessary to calculate its lease payment. I would be more than happy to give you my opinion of this deal if you let me know what its selling price is.
Car_man
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- #484 of 1550
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Re: Lease Help Round Two [familyguy7]
by Car_man HOST
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Mar 26, 2007 (2:04 am)
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Replying to: familyguy7 (Mar 07, 2007 12:36 pm)
Hey Dana. The money factor that you were quoted is right in line with Volvo Finance's 24 month buy rate for this truck. As I mentioned earlier, the selling price looks pretty good. If you like the truck, I personally don't see any reason not to proceed with this deal.
Car_man
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- #485 of 1550
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Re: General Lease Question [mjdbos]
by Car_man HOST
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Mar 26, 2007 (2:10 am)
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Replying to: mjdbos (Mar 08, 2007 7:27 am)
Hello mjdbos. The XC90's current incentives for leases vary depending upon whether you go through Volvo Finance or an independent bank. There is currently a $1,000 cash incentive on the 2007 XC90 plus special money factors for leases of it through Volvo Finance. For leases through banks other than Volvo Finance, there is a $5,000 cash incentive on 2WD and $5,500 cash incentive on AWD 7 passenger XC90 models. Let me know if you have any other questions.
Car_man
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- #486 of 1550
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Re: Lease Deal [lowbid]
by Car_man HOST
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Mar 26, 2007 (2:16 am)
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Replying to: lowbid (Mar 08, 2007 5:17 pm)
Hi lowbid. Wow, that certainly is a loaded vehicle you're interested in. I didn't think that it was possible to get the MSRP of a 2WD XC90 all the way up to $50,000. It appears as though the lease that you were quoted on this XC90 is being run through an independent bank instead of through Volvo Finance. Volvo is currently providing a $5,000 cash incentive on leases of '07 XC90 7 Passenger 2WD models through independent banks. Plus there is a spread of around $4,000 or so between this truck's full MSRP and its dealer invoice price. That gives you a total of $9,000 to play with in your negotiations. You were quoted a discount of $6,845 on the specific model that you are interested in. If you are in an area that has a decent level of competition, I would not be surprised if you were able to beat this price. It wouldn't hurt to comparison shop a little bit.
Car_man
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- #487 of 1550
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Re: Need Advice [aja150]
by Car_man HOST
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Mar 26, 2007 (2:21 am)
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Replying to: aja150 (Mar 15, 2007 5:26 pm)
Hi aja150. Given the massive amount of negative equity that you are trying to roll into your lease I am not that surprised by the payment that you were quoted. Ideally you would be better off waiting until you are less upside down on your truck to get something new. I would be happy to give you my opinion of this deal, but you never mentioned the selling price or MSRP of the XC90 that you are interested in leasing. These are important numbers for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing this truck's selling price in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. Let me know what these numbers are and I'll tell you what I think.
Car_man
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