- #646 of 1111
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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 1111
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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 1111
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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 1111
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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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- #650 of 1111
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Re: Car Man...check my deal...please? [bodid]
by Car_man HOST
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Jun 28, 2007 (2:34 am)
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Replying to: bodid (Jun 27, 2007 10:38 am)
Bo , I don't personally keep tabs on the lease programs that are being offered by independent banks, just manufacturers' captive finance companies. I can tell you though that Volvo is currently providing a total cash incentive of $8,000 on leases of '07 XC90 3.2 AWD 7 Passenger models through independent banks. Add this to the $3,000 or so spread that there probably is between this vehicle's MSRP and dealer invoice price and you have a total of $11,000 to play with.
Car_man
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- #651 of 1111
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Re: Just picked up a 3.2 FWD for $508/month [rfalls]
by dme330i
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Jun 28, 2007 (3:26 am)
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Replying to: rfalls (Jun 27, 2007 8:22 pm)
rfalls quote - One thing to keep in mine on lease through Volvo is their wear & tear policy (they give you another $1000 credit as well).
Great point. Need to ask about the wear and tear policy of the third party lenders. Luckily the lender that we went with has a policy to cover up to $2000 in wear and tear.
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- #652 of 1111
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What should I expect to pay for XC90 3.2 FWD
by king31
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Jun 28, 2007 (10:54 am)
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I'm looking at buying a 2007 XC90 for my wife. Just the 5 passenger base 3.2 FWD with premium package. MSRP is $39,825 with an invoice of $37,522. If I was going with a third party bank what price should I being shooting for? Thanks...Lee
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- #653 of 1111
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Finalized Deal
by jkloss
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Jun 28, 2007 (11:49 am)
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This is the final figures that I agree upon for a XC90 V8 Sport
MSRP - $53,997
Cap Cost - $48,553.45
Residual - $36,717.96
MF - .00075
Term - 24 months
Monthly Payment: $557.10 + tax of $30.65 = $587.75
Due at signing - $879.30 (Includes 1ST month and license/registration)
This thru Volvo Finance
Thought it was a good deal so pulled the plug. Would like your comments. Probably pick up the car tonight or tomorrow.
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- #654 of 1111
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Re: Where is Car_Man? [Car_man]
by bodid
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Jun 28, 2007 (11:54 am)
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Replying to: Car_man (Jun 28, 2007 2:14 am)
Car_Man,
The XC90 3.2 would be AWD, 7 pass, 18K miles, 24/36 months
Bo
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- #655 of 1111
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Re: Finalized Deal [jkloss]
by bodid
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Jun 28, 2007 (12:02 pm)
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Replying to: jkloss (Jun 28, 2007 11:49 am)
How many miles/yr?
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