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Prices Paid: Buying & Leasing Experiences Volvo XC90 Lease Questions
1173 messages, Last post on Sep 07, 2008 at 2:38 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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I am about to pull the trigger on a 2007 XC90 Sport 24 mo. lease. Here are the terms; can I do better? If so, what is negotiable? It seems a bit high to me. MSRP: $54622 Selling price: $50049 Lease acquisition fee: $895 Security deposit: $725 First payment: $722.77 Sales, tax and license: $2700.72 (I am in TX) Cap cost reduction on trade: $4900 Money factor: .00205 Residual: $37142 (68%) 10.5k mi/yr. Monthly payment is $722.77 as financed thru VFNA with the $1k incentive. Does this sound like a fair deal? Seems high but I do understand it's a $55k car. Thank you so much for any input.
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I am shopping around on a couple of dealerships here for a XC90 lease and one of the dealerships have given me this offer. Any insight would be greatly appreciated and if you think that I can negotiate a better deal let me know that as well. This is through a 3rd party leasing company (Chase) so that I can take advantage on the 6k incentive. 48 Month Lease MSRP:45025 Selling Price: 35536 .00275 Money Factor 39% Residual 12K mi/yr $4,478.15 Down (includes everything) $478.15 Per month. I am about 80-85% sure that we will keep the car after we are done the lease that is why I am looking at 48 months. Any input would be greatly appreciated. Thanks
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I'm about to lease an XC90 Sport with the following options - please comment has to what I can negotiate with the dealer - Black Sapphire metallic paint Conv. package Technology package Climate package NAV Rear entertainment system BLIS 39 month lease/15K year MRSP - $59,179 Cap cost - $47,300 Money factor - .00207 42% residual $2,089 down (live in CT -includes 1st payment, Reg fee $163, acquisition fee $895, conveyance $199) Monthly payment - $799.90 (going through US Bank) Any help would be greatly appreciated.
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Replying to: heathmac (May 12, 2007 4:44 pm) If you plan to keep it then you want a lower residual, do you understand this? US Bank 12K 48mo = 37% residual Money Factor = .00202 MSRP = 45025 Selling Price = 35536 $4,478.15 total due at signing $471.00 / mo including sales tax I based the above on my own sales tax rate of 7.75% and my DMV of $287 only because I don't know where you live. I think US bank would be a better bet. At the end of lease Chase would have a residual of $17,559.75 and US Bank would be $16,659.25. Paxton
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Replying to: carguy39 (May 13, 2007 12:23 pm) US Bank has a residual of 44% when looking at a 39 month 15,000 miles lease for a 2007 XC90 4d Wgn V8 Sport. The Tier 1 money factor is .00202. The Acq fee when waiving the security deposit is only $695. What is the sales tax in your county and what is "conveyance"? Paxton
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Replying to: paxtonk (May 14, 2007 9:22 am) You were correct with your corrections to the MF and Residual. Are you saying that I can wave the security deposit with some negociation? Is there anything else I can negociate when leasing - as you can see this is my first lease and feel I am getting the short end of the stick here. Regards.
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Replying to: carguy39 (May 14, 2007 3:31 pm) You have two options with regards to the security deposit. 1. pay it and your bank fee is $595 2. don't pay it and your bank fee is $695 I'm glad to help. Paxton
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Replying to: paxtonk (May 14, 2007 9:18 am) Thanks, Heath
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Replying to: heathmac (May 14, 2007 6:40 pm) Paxton
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Replying to: paxtonk (May 14, 2007 6:48 pm) One last questions for you. Is it 3rd party leasing company get 7K or 6K off? I was talking with this deal and he told me that the 7K is only on the V8's is that true? Thanks, Heath
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