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Prices Paid: Buying & Leasing Experiences Volvo XC90 Lease Questions
1552 messages, Last post on Dec 08, 2009 at 6:55 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: archmama (Jul 12, 2007 7:21 pm) |
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Replying to: Car_man (Mar 26, 2006 9:07 am) Sticker $52,540 Options: Silver Electric Metallic paint Convenience package Climate package Blind Spot Alert Negotiated Price $47,500 (Dealer was helping us due to electrical issue on 05 XC70) Option to buy at end for $34,637 2 Year 12,000 mile lease .00005 Money Factor Rate $535 a month payment $1,600 due at signing ($895 acquisition cost, $535 first payment and paperwork charges) The 3 year lease money rate was approx. .00265 so we stuck with the 2 year lease through Volvo as it was much cheaper. The dealer was shocked by the rate as it allowed us to bypass all the lease dollars on the 07's and get a better deal on the 08. I believe this was a great deal. Your thoughts? Bob
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Was trying to deal on a remaining 07 without the convenience package but it sold before I could get going. Dealer gave me this on an 08: Convenience, Climate, Premium and Versatility Packages MSRP $46370 Selling - $42117 Residual - $23383 MF - .00208 3yr/36K $520/mo with $2800 total down. Any thoughts???
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Replying to: jclax24 (Jul 16, 2007 7:13 pm) However, I really wish someone could help us out and post the current money factors and residuals to help us find out for sure... I don't know where Car_Man has been hiding! Philip |
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I've learned a lot from these boards so thanks to everyone. I learned even more when going into the dealer yesterday which left some HUGE unanswered questions. I was in the market to lease a XC90 and live in eastern MA. The model we settled in on was the 3.2L AWD. While I think the pricing for the car was fair the residual and money factors were WAY OFF! Here goes... 2007 XC90 3.2 AWD Climate Package Convenience Package Metallic Paint Navigation System Premium Package RSE (Rear Seat Entertainment) Versatility package Wood Steering Wheel MSRP $50,810 Sale Price $40,160 (this is with $48K X-pricing and $8K 2007 incentive for non-volvo lease) 36 month lease w/12,000 miles year Here is where it gets interesting... Residual 42% (46% for 08?!?!) Residual Amount $26,765 Money Factor- .00223 (Tier 1 through US Bank) Going into this I had seen residuals and money factors at 56% and .00171, respectively for 3yr/12K miles or 65% and .00053, respectively for 2yr/12K. I was told the dealer's residuals/money factor (above) resulted from 08s now being available and that this was for the entire Northeast for the month of July!! Car_man?? Steve?? Tidester?? Is this true??? I thought the dealer was fair and open about pricing but the spread between the financing residual/money factor put my monthly payment off by $200 and was a real deal breaker. ($732 versus $542, included tax) Any help Car_man and others can provide me ASAP would be appreciated. I'd like to continue with this dealership but it looks like I'll need to shop around and may be back looking into an Acura MDX!! Thanks... |
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Replying to: chriscava (Jul 17, 2007 4:01 am)
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Replying to: qbrozen (Jul 17, 2007 6:09 am) 1) Is this the best residual/money factor currently available on this type of vehicle? 2) If not, who is offering better financing? 3) Is there truth to saying that the residual/mf stay constant for month of July, assuming Volvo finance, and what are Volvo's res/mf for July? 4) Is there truth to the fact that residual/mf will be consistent via region, i.e., Northeast? Thanks for the help. I'm sure everyone will benefit from the insights... PS- At some point I had recently seen a volvo financed mf for similar vehicle 3yr/12Kmiles term at .00202 so when I was quoted .00223 for top independent bank that really didn't make sense. Thanks.
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Replying to: macsrul (Jul 16, 2007 5:54 pm) I paid $600 Acquisition Fee, $240 Doc Fee. |
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Hi, I just accepted (verbally) the following deal and will complete the transaction tomorrow morning. Done over phone after a ton of research from this forum. I don't have the specifics in front of me i.e. residual, money factor. I will post these tomorrow once I receive them. Here is what I have so far: 2007 3.2 AWD with Premium, Versatility, Climate packages and Bi-Xenon lights, silver metallic paint. msrp = $45,612.00 Almost Zero Drive off (Identical to Volvo's current sign and drive deal, meaning I pay for the car's title and Registration.) $499.99 per month plus Tax for 24 months, 10500 miles per year. Best part is they are making the remaining payments (two) on Wife's current lease and delivering the car to my house as I live 45 minutes from this dealer. The remaining payments on the lease equal $660.00 so they are applying that to the required registration payment for the "sign and drive" and cutting me a check for the difference equaling $372.00 Am I making the right decision? Thanks, Nathan
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Replying to: natec18 (Jul 23, 2007 10:45 pm) |
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