- #911 of 1547
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Re: GOOD DEAL???? [moremoremore]
by Car_man HOST
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Dec 10, 2007 (3:13 am)
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Replying to: moremoremore (Nov 28, 2007 7:57 pm)
Hi moremoremore. The lease payment that you mentioned looks better than many of the payments that I have seen mentioned in this discussion lately, but the best way to tell if you are getting a good deal on a leased vehicle is to look at its selling price. You 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 car 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 the vehicle that they want to lease is that it is necessary to calculate its lease payment. I would be happy to give you my opinion of this deal if you let me know what the selling price is.
Car_man
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- #912 of 1547
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Re: What's the Catch? [amj05]
by Car_man HOST
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Dec 10, 2007 (3:20 am)
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Replying to: amj05 (Dec 01, 2007 12:10 pm)
Greetings amj05. Unless Volvo is running an official program that will waive ALL of the remaining payments on your current lease, you would probably be better off waiting until you are closer to its scheduled end to get a new vehicle. These payments are not going to just disappear and rolling them into your new lease is sort of wasteful.
Car_man
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- #913 of 1547
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Current Leasing Factors
by slackjaw
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Dec 10, 2007 (4:03 am)
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Car Man -
Can you share what the current MF and residual would be on a 2008 3.2 AWD 5 Passenger? Thanks!
I am currently sitting with a quote of .00078 and 65% for the 24 month with 10,500 annual miles.
What's the best I can expect do you think?
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- #914 of 1547
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Re: Lease Help for XC90. Please help a troop!!! [jarhead169]
by Car_man HOST
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Dec 10, 2007 (4:03 am)
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Replying to: jarhead169 (Dec 02, 2007 6:57 am)
Hello jarhead169. Let me start by thanking you for all you are doing for our country. Since you and your wife have never leased before , you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.
In short, the best way to get a good deal on a leased vehicle is to negotiate as low a selling price as you possibly can on the model that you want and then have the dealer you decide to go with calculate your monthly payment using its buy rate lease money factor. You should be able to get an idea of how much you will have to pay for the XC90 that you want right now by visiting the "Volvo XC90 Prices Paid and Buying Experience" discussion.
Volvo Finance's lease program for the XC90 varies by term level, term, and mileage allowance. For now I will assume that you and your wife are interested in a 24 month lease of a 2008 Volvo XC90 3.2 FWD 7-passenger with 12,000 miles per year. Volvo Finance's buy rate lease money factor and residual value for a lease using those variables are currently .00036 and 63%, respectively.
If you negotiate a low selling price and have the dealer use this money factor you will be in good shape. Let me know if you have any questions.
Car_man
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- #915 of 1547
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Re: My XC90 lease in Ft. Lauderdale [mbeam]
by Car_man HOST
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Dec 10, 2007 (4:06 am)
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Replying to: mbeam (Dec 02, 2007 2:16 pm)
Congratulations on getting your new XC90, mbeam. Thanks for taking the time to share the details of your lease with everyone. Make sure to stop by the new Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your recent dealer experience with everyone. Enjoy your new ride  .
Car_man
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- #916 of 1547
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Possible XC90 Lease
by wonderin33
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Dec 10, 2007 (5:38 pm)
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I'm debating a few cars now for a lease and it appears that the XC90 has finally made the cut, and passed my wife's inspection.
I'm wondering what the money factor and residual would be for a 36 month - 15K/year lease. I should also mention that I'm looking at the base model with premium package, so 3.2 FWD.
I'm X-plan eligible, so think that with that and what I believe are good terms, lease rates are comparable to much lesser cars.
Thanks
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- #917 of 1547
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Re: Good Deal? [1batman]
by Car_man HOST
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Dec 11, 2007 (2:12 am)
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Replying to: 1batman (Dec 05, 2007 9:55 am)
Hi Bruce. You never mentioned the selling price or MSRP of the XC90 that you are interested in leasing. These are important numbers 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 what this vehicle's selling price is in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle 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 these numbers are.
Car_man
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- #918 of 1547
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Re: Help with lease on XC90 [g_p]
by Car_man HOST
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Dec 11, 2007 (2:25 am)
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Replying to: g_p (Dec 08, 2007 4:16 pm)
Hi g_p. The selling price that you were quoted for the XC90 that you are interested in is outstanding. It's not going to get much better than $1,000 below dealer invoice minus all of the available cash incentives on an '08 XC90 that is leased through Volvo Finance right now. The money factor that you mentioned looks a little high though. Volvo Finance's current buy rate lease money factor and residual value for a 24 month lease of a 2008 XC90 3.2 5-passenger FWD with 12,000 miles per year are .00023 and 62%, respectively. Vehicles' dollar residual values are calculated using a percentage of their full MSRPs. I just worked up a sample lease payment using an MSRP of $43,220 and a selling price of $36,705 and I come up with a 24 month, 12,000 mile per year, zero down, pre-tax monthly payment of only $428. Even after taking tax into consideration, this is a lot lower than the payment that you were quoted. If I was negotiating this deal, I would want the dealer to explain to me why this is the case. The main reason may be the higher money factor that they are charging you.
Car_man
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- #919 of 1547
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Re: Current Leasing Factors [slackjaw]
by Car_man HOST
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Dec 11, 2007 (2:28 am)
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Replying to: slackjaw (Dec 10, 2007 4:03 am)
Here you go, slackjaw. Volvo Finance's current buy rate lease money factor and residual value for a 24 month lease of a 2008 Volvo XC90 3.2 5-passenger AWD with 10,500 miles per year are .00083 and 65%, respectively. When negotiating your lease on this model, make sure to take advantage of the $2,500 dealer cash for the free entertainment system or $2,000 lease cash on all other models. This cash will help you to negotiate an attractive capitalized cost for your lease.
Car_man
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- #920 of 1547
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Re: Possible XC90 Lease [wonderin33]
by Car_man HOST
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Dec 11, 2007 (2:34 am)
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Replying to: wonderin33 (Dec 10, 2007 5:38 pm)
Here's the information that you're looking for, wonderin33. Volvo Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2008 XC90 5-passenger FWD with 15,000 miles per year are .00265 and 50%, respectively. Volvo is really pushing 24 month leases of the '08 XC90 right now. If I was in the market for one, that's probably the route that I would go. Volvo Finance's 24 month, 15k numbers are .00023 and 60%. When negotiating your lease, make sure to take advantage of the cash incentives that I mentioned in my previous post.
Car_man
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