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Volvo XC90 Lease Questions

1219 messages,  Last post on Oct 04, 2008 at 6:10 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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#637 of 1219
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 1219
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 1219
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 1219
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 1219
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 1219
Re: Just picked up a 3.2 FWD for $508/month [dme330i] by rfalls
Jun 27, 2007 (8:22 pm)
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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 1219
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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#644 of 1219
Re: Just picked up a 3.2 FWD for $508/month [dme330i] by Car_man HOST
Jun 28, 2007 (2:15 am)
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Replying to: dme330i (Jun 25, 2007 5:54 pm)

Congratulations on getting such a good deal on your XC90, dme330i. Thanks for taking the time to share the details of your lease with everyone. Enjoy your new ride .
 
Car_man
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Prices Paid Forum
#645 of 1219
Re: 08's as of July 5... [bodid] by Car_man HOST
Jun 28, 2007 (2:17 am)
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Replying to: bodid (Jun 26, 2007 11:48 am)

Hey Bo. I suspect that it will be less expensive to lease a 2007 XC90 than it will be to lease a 2008 model when it is first introduced. Of course, I won't know that this is the case for certain until I see what the '08 model's lease program is like.
 
Car_man
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Prices Paid Forum
#646 of 1219
Re: Lease in DC/MD Area [rfalls] by Car_man HOST
Jun 28, 2007 (2:25 am)
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Replying to: rfalls (Jun 27, 2007 5:14 am)

Hey rfalls. Yes, the lease program and cash incentives that you posted are correct. The money factor that you were quoted for this vehicle is so much higher than Volvo Finance's buy rate that it leads me to believe that your deal must be through an independent bank. If this is the case, then the $6,000 discount that you are being given is not adequate. Including incentives, there is a total spread of $11,200 between this truck's MSRP and invoice price for a lease of it through an independent bank. You may want to try comparison shopping with another dealer or two.
 
Car_man
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