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Volvo XC90 Lease Questions

1548 messages, Last post on Dec 05, 2009 at 2:13 PM
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CarMan, You had mentioned that Volvo was offering a $5,000 incentive for leases done through "non-Volvo" banks. Do you have any idea what the money factor is for those loans? Also, an update on the residual value for Xc90 AWD, 24 months, 10.5k/year...money factor/residual value on next mileage category up would also be helpful (for 24 months and 36 months if possible)? Thanks! |
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| Here is what I got. 2007 XC90 3.2 AWD with premium, versatility, climate and convenience packages, rear entertainment, bi-xenon, and metallic paint (MSRP - $48,902) for $43,070 (which I understand is $2K below invoice). I really didn't want the convenience and bi-xenon lights however I understand that most XC90's with the entertainment system are packaged that way for kids. Anyway, the lease terms are 15K miles a year, 24 month term (65% residual and .00053 MF) with no cap cost but about $3,000 down (incl. $917 tax, $218 MV fees, $525 deposit, first month payment and bank fees) for a monthly payment of $510. I am assuming this is a good deal and will probably pick up the truck on Saturday. One question - Is the security deposit waiveable? One dealer says no the other says yes. Anything else I'm missing? Thanks for your help. | |
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Replying to: bgut1 (Mar 28, 2007 12:21 pm)
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Replying to: upperc1 (Mar 28, 2007 4:04 pm) |
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Replying to: bgut1 (Mar 28, 2007 7:50 pm) '07 XC90 3.2 FWD $40,500 msrp premium & climate package sale price: 34,102. 850 cap reduction 577.13 the lease factor is .00214 resid. % .43 total due we are leasing through a 3rd party which qualifies for the $5,000 alternative leasing source discount. This accounts for the fact that the sale price is 3750 under the invoice price + 2K in negative equity.
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Replying to: bgut1 (Mar 28, 2007 7:50 pm) |
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I was also wondering what april deals were showing for residuals for 3yr/15k and money factors? Thxs volvo or carman
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Replying to: scwoolard (Apr 03, 2007 6:58 am) '07 XC90 3.2 FWD $43,225 msrp Premium, Climate & Versatility packages Sale price: $36,375 $0 Cap reduction $600 + tax Lease factor of .00202 Residual of 45% Total due Plus, they paid off my 2001 S60 which had a loan balance of $12k.
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Hey Car Man, I'm looking at leasing a V8 XC90 with the intent to buy at the end of the lease. I noticed that Volvo's incentives ended on 3/30. I have up to $8k for a downpayment and wanted to keep the monthly payments below $500. What are your thoughts on my leasing with the intent to purchase and what should the best deal be for the V8 with the convenience package and touring package? The MSRP is $49.9k and I saw that the invoice is $46.8.
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Replying to: bucky4kentucky (Apr 05, 2007 10:26 am) I would NOT suggest putting 8K down (invest the 8K and use it w/ the money you make and use it for the "buy-out"). If you put the 8K down and your car gets totaled you are out the 8K. Even if the car gets into an accident and you get it fixed, it might serve you well to walk away at the end of the lease and think about buying another car. If you need the 8K keep it in the bank to help w/lowering the payment, use it every month so you can have your payment below $500.00 Just my 2 cents!! upperc1 |
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