- #916 of 1553
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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 1553
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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 1553
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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 1553
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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 1553
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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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- #921 of 1553
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Re: Possible XC90 Lease [Car_man]
by kylechoffman
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Dec 11, 2007 (8:17 am)
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Replying to: Car_man (Dec 11, 2007 2:34 am)
Carman
Im in socal and was quoted the following for 15k and 18k on 24 month lease for a 7 seater AWD.
.00078 for both and 62% and 60% for 15k and 18k - I assume its different by region and for 5 seater vs 7 seater?
I want a 5 seater but the closest ones are in northern cal or AZ and it would cost them 500 bucks to ship the thing over to SD.
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- #922 of 1553
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Re: Help with lease on XC90 [Car_man]
by garrick
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Dec 12, 2007 (10:41 am)
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Replying to: Car_man (Dec 11, 2007 2:25 am)
How realistic is it to get a lease at or around 428 pre-tax with zero down. Will dealers give all the incentives you are referring to?
Is it better to do a lease deal on 12/31?
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- #923 of 1553
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Quote on XC90--thoughts?
by johniv
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Dec 13, 2007 (9:02 am)
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Dear Carman,
Here's a quote I received today:
XC90 V8 AWD
Climate
Convenience package
Navigation
Rear Seat Entertainment (Complimentary from Volvo, dealer installed)
The above vehicle has a Manufacturer retail Price of $53425.00 without the DVD Entertainment System because it is dealer installed.
The Buy price is: $ 46985.00 (after all incentives)
The residual percentage of this vehicle is 65% at 10500 miles per year and 24 months term
The money factor used is 0.00029
The base payment: $566.52
Due on delivery: 1st payment $566.52
Security Deposit: Waived
Bank Fees: $695.00
Taxes: $1406.30
DMV: $177.50
Total of $2845.32
I could close on this today, but I'd like to ensure I get 3rd row seating, satellite radio, blind spot warning and moonroof; are these features typical of packages available on the Sport? If so, should I get a quote on a sport that has these features or better off negotiating for the options? Also, is the bank fee negotiable?
Thanks
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- #924 of 1553
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Re: Quote on XC90--thoughts? [johniv]
by volvomax
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Dec 13, 2007 (10:28 am)
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Replying to: johniv (Dec 13, 2007 9:02 am)
XC90 V8 comes w/ the 3rd row seats std.
Moonroof is std.
Sat radio is a dealer installed item on the V8.
It is part of the Technology pkg on the Sport
BLIS is a very rare option on any XC90.
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- #925 of 1553
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Re: Quote on XC90--thoughts? [volvomax]
by johniv
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Dec 13, 2007 (11:01 am)
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Replying to: volvomax (Dec 13, 2007 10:28 am)
Thanks for that. I've calculated acquisition price as being basically inv, plus inv. on the nav system. You think I should get a quote for a sport w/ the tech package then? I do like the handling of the sport a bit better.
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