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Volvo XC90 Lease Questions

1164 messages,  Last post on Sep 04, 2008 at 11:45 AM

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


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#634 of 1164
Re: Lease in DC/MD Area [Car_man] by rfalls
Jun 27, 2007 (5:14 am)
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Replying to: Car_man (Jun 27, 2007 3:27 am)

Car_man:
 
I want to confirm this is correct. 24 months though Volvo finance for 2007 Volvo XC90 3.2 AWD 7 Passenger is MF of .00053 and residual of 65% and lease cash of $2000. Through a third party lender, the lease cash increases to $8000 (what are the MF and residuals being offered by third party lenders).
 
It sounds like I could still do much better with the deal I am being offered.
 
2007 Volvo XC90 3.2 AWD 7 Passenger
Climate, Premium, Versatility & Wood Steering.
Lease through Volvo Finance
 
MSRP: $44,925.00.
Invoice: $41,657.00
Sales price: $38,837.47
Spread between MSRP and invoice: $3268
Spread betweeen MSRP and sales price: $6087.53
Acquisition Fee: $595.00
Processing Charge: $100.00
Tag & Title: $227.00
Taxes (.05% in MD): $1946.8
Total Net Cap Cost: $41741.34
MF: .00164
Resid: 65%
 
Monthly payment of $638.85 (everything rolled in); no money down.
 
I would appreciate your further thoughts and thanks for your input.
#635 of 1164
Re: XC90 AWD 3.2 pending lease offer [utexas06] by bodid
Jun 27, 2007 (7:42 am)
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Replying to: utexas06 (Jun 26, 2007 5:41 pm)

You can do better. Same car at 35,500 and I can do better but it doesn't come with bi-xenons and that's a requirementr for me (I'll never go back). Where are you? This was quoted out of Keystone Motors Volvo. I've heard quotes around that number, so you can still do a lot better...
 
Bo
#636 of 1164
Car Man..Need help on Money Factors... by bodid
Jun 27, 2007 (8:17 am)
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Car Man,
 
Why am I seeing such a range of MF's with the third party banks? Got an intial quote for 3.2 AWD 48,902 MSRP/38,300 selling price, 36 mo/15K miles, mf of .00260 from Ameribank Credit. Can I request using another bank? How muck leeway do dealers have with the mf's? Is there a third party bank that has the best numbers?
 
Bo.
#637 of 1164
XC90 Offer by jkloss
Jun 27, 2007 (8:28 am)
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I was offered the following on a V-8 Sport with MSRP of $53997 - 24 month - 120000 miles - $37217 residual and a monthly payment of $569 with no payment at closing - Sign and drive.
 
Anybody have any thoughts as if this is a good deal?
#638 of 1164
Re: XC90 Offer [jkloss] by bodid
Jun 27, 2007 (9:12 am)
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Replying to: jkloss (Jun 27, 2007 8:28 am)

Yes, that's the best I've heard on a sport yet. That's a 16K drop. We need more people to give us their quotes. I've been quoted for a V8, not the Sport...52,077 MSRP/39,670 residual. What were you quoted for money factor and residual?
 
Bo.
#639 of 1164
Car Man...check my deal...please? by bodid
Jun 27, 2007 (10:38 am)
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I'm looking for a 3.2 AWD XC90 for 36 months 18K miles. I'm looking for money factors, residuals through third party banks, and how much incentive money is available. One saleperson quoted a 21+% discount from MSRP (45,075.-35,500). I'm wondering how much more room there is to deal.
 
Bo
#640 of 1164
Re: XC90 Offer [bodid] by jkloss
Jun 27, 2007 (12:26 pm)
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Replying to: bodid (Jun 27, 2007 9:12 am)

The residual was 37217 and the cap cost was 47752 with a money factor of 0.00105 your basic offering from Volvo
#641 of 1164
Re: Just picked up a 3.2 FWD for $508/month [bodid] by dme330i
Jun 27, 2007 (4:24 pm)
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Replying to: bodid (Jun 25, 2007 6:17 pm)

Ended up going with 5th 3rd Bank. We ran some numbers on the V8's - didn't push it, but the first offer from the dealer was $11,500 off. Ran some numbers on a similarly equipped V8 and monthly was around $620. Also ran some numbers on a V8 sport - $678/month.
 
Here's some good info. Take these numbers + the spread from MSRP and Invoice to negotiate your deal. Alternative (i.e., third party bank) lease deals yield the best numbers. Also, remember to ask the dealer if they are giving you the buy rate on the MF. The finance manager will try to mark up.
 
XC90 FWD Base and 5 passenger
Retailer Market Allowance - $3,000
Alternative Lease Cash - $6,500
 
XC90 FWD 7 passenger
Retailer Market Allowance - $3,000
Alternative Lease Cash - $8,000
 
XC90 AWD 5 passenger
Retailer Market Allowance - $3,000
Alternative Lease Cash - $6,000
 
XC90 AWD 7 passenger
Retailer Market Allowance - $3,000
Alternative Lease Cash - $7,000
 
XC90 V8
Retailer Market Allowance - $3,000
Alternative Lease Cash - $8,500
#642 of 1164
Re: Just picked up a 3.2 FWD for $508/month [dme330i] by rfalls
Jun 27, 2007 (8:22 pm)
Reply

Replying to: dme330i (Jun 27, 2007 4:24 pm)

Thanks
 
Good info.
 
One thing to keep in mine on lease through Volvo is their wear & tear policy (they give you another $1000 credit as well).
 
Current Volvo has body damage (shop estimates are in the $1800 range). Volvo is only charging $50 on the return.
 
Not sure what would have happened had we leases through a third party bank.
#643 of 1164
Re: Where is Car_Man? [bodid] by Car_man HOST
Jun 28, 2007 (2:14 am)
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Replying to: bodid (Jun 25, 2007 2:41 pm)

Hi Bo. Volvo Finance's buy rate lease money factor and residual value for a 24 month lease of a 2007 Volvo XC90 V8 with 15,000 miles per year are .00105 and 65%, respectively. The numbers for an otherwise identical 36 month lease are .00171 and 54%. The residual values for these vehicles would be 1% lower with 16,500 miles per year and 2% lower with 18,000.
 
The XC90 3.2's lease program is different for FWD and AWD vehicles as well as for 5 Passenger and 7 Passenger models. I need you to be more specific about the exact model that you want in order to give you an idea of what its current program is like.
 
It is difficult to say what Volvo's fourth quarter lease program for the XC90 will look like. I don't anticipate it getting significantly better, but one never knows for sure.
 
Car_man
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