- #640 of 1084
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Re: XC90 Offer [bodid]
by jkloss
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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
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- #641 of 1084
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Re: Just picked up a 3.2 FWD for $508/month [bodid]
by dme330i
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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
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- #642 of 1084
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Re: Just picked up a 3.2 FWD for $508/month [dme330i]
by rfalls
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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.
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- #643 of 1084
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Re: Where is Car_Man? [bodid]
by Car_man HOST
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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 1084
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Re: Just picked up a 3.2 FWD for $508/month [dme330i]
by Car_man HOST
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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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- #645 of 1084
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Re: 08's as of July 5... [bodid]
by Car_man HOST
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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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- #646 of 1084
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Re: Lease in DC/MD Area [rfalls]
by Car_man HOST
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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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- #647 of 1084
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Re: Car Man..Need help on Money Factors... [bodid]
by Car_man HOST
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Jun 28, 2007 (2:28 am)
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Replying to: bodid (Jun 27, 2007 8:17 am)
Hey Bo. Dealers usually have computer systems that enable them to search for the independent bank that is offering the most attractive lease program on a particular vehicle in your area at any given time. If you do not like the terms of the bank that the dealer is trying to run your lease through you can always ask them to use a different one, but chances are they are already using the most attractive program that is available in your area. Better yet, try comparison shopping with another dealer or two to see what bank they run your lease through.
Car_man
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- #648 of 1084
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Re: XC90 Offer [jkloss]
by Car_man HOST
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Jun 28, 2007 (2:29 am)
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Replying to: jkloss (Jun 27, 2007 8:28 am)
Hi jkloss. 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 model 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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- #649 of 1084
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Re: XC90 Offer [bodid]
by Car_man HOST
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Jun 28, 2007 (2:31 am)
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Replying to: bodid (Jun 27, 2007 9:12 am)
Bo, I believe that you are confusing the residual value of the XC90 that jkloss is considering leasing with its selling price. A $16,000 discount would be an amazing, and probably an impossible deal, for an XC90.
Car_man
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