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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
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Its time to give back to the board that helped me negotiate this great lease. I just signed up for a 2yr / 24K lease on a new XC90. Here are the details. 1) 2007 XC90 w/ Premium and Versatility Package 2) MSRP: $44500 3) Term 24mo / 12K /yr 4) Residual: $26806.5 5) Cap Cost: $36190 6) Money factor: .0004 or .95% 7) O Down / O Drive Off 6) $455 + Tax = $489 / mo
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| Can you let me know the name of the dealership in LA you got that 24 month lease. | |
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A bunch of dealers I have spoken with recently have said that new lease programs are coming out from Volvo on July 10th. They are being coy about whether these will be better programs than the current ones, which don't seem to be outstanding. Anyone have any idea if these new programs on July 10th will be strong programs or not? We're at a weird time, with the 2008's being phased in (and the 2007's being phased out) at most dealers, so it's been hard getting a handle on current pricing, and deciding between jumping in now or waiting for the 10th. Any thoughts from anyone?
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Replying to: jeffrobinson (Jul 02, 2007 3:19 pm) Bank residuals dropped 2-3 points on XC90's for July. Volvo is not stuck w/ a bunch of 07's at the the ports. While there will be some support for the 08's,they won't be less than the 07's.
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Replying to: volvomax (Jul 02, 2007 4:15 pm) 2008 XC90 3.2 AWD metallic paint convenience, versatility, premium and climate packages MSRP: $46,495 Selling price: approx. $40,700 residual: 65% money factor: .00101 24 months/12,000 miles per year Lease through Volvo Finance Monthly payment of approx. $510/month with $1600 in fees up front plus paying $900 in taxes up front. Monthly payment of approx. $550/month with the same $1600 in fees up front, but with the taxes rolled into the monthly lease payment. Any thoughts? On a brand new model, it seems like a decent deal to me. I guess the main question is whether I could do better on the selling price. By the way, I got an offer from a different dealer of $643 plus tax on the same car. Thanks in advance.
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Replying to: jeffrobinson (Jul 03, 2007 6:35 am) Residuals dropped 5 points. MF hardly changed. Better get a new quote from your dealer.
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Replying to: volvomax (Jul 03, 2007 10:42 am)
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Replying to: jeffrobinson (Jul 03, 2007 12:52 pm) Volvo swore the programs were good thru the 9th. They are the ones who changed the timeframe. That is why you have to be ready to more at the end of the model year.
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Replying to: volvomax (Jul 03, 2007 2:43 pm) So for July, what are the actual money factors/residuals through Volvo Finance for a 3.2 AWD 24 month lease/12,000 miles a year? And what date do they start/end? On 7/2 his number was $499 with $2500 out of pocket for a 3.2 AWD with premium, versatility and climate packages. Now his number is $449 for a 2008 with all of the above plus the Blind Spot Information System. I'm not sure how this deal looks because I don't have info on new residuals, money factors... Any help is appreciated!!
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Here's what I was quoted, let me know what you guys think: 2008 XC90 3.2 AWD with everything-- Premium, Versatility, Climate (with xenon lights), Convenience, Nav, wood steering wheel, DVD entertainment system, and BLIS. 15K miles/24 months Down: $1,800 (including first month, tax, title, etc) Monthly: $660 including 7% tax
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