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Volvo XC90: Lease Questions

1549 messages, Last post on Dec 05, 2009 at 9:37 PM
You are in the Volvo XC90 / XC60 Forum. Your Hosts are steve_ & tidester
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Replying to: volvomax (Jul 17, 2009 4:03 pm)
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Replying to: naut_online (Jul 17, 2009 11:11 am)
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Replying to: fluid15 (Jul 20, 2009 9:14 am) |
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Replying to: naut_online (Jul 20, 2009 9:06 am)
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Replying to: volvomax (Jul 20, 2009 9:37 am) I WON'T be a returning Volvo customer. Even with the $33.3K deal I worked out; that's $200 over invoice, less $8K in incentives, with that money factor and residual it is still about $625 / month. $125 more than I paid for my 2008 XC90. I'll wait three years and buy the XC90 used for $15K. As a matter of fact, in a year or so, i'll just fine someone on swapalease.com who wants out of their XC90 lease and I'll be ahead of the game, because the car will be worth more than they owe.
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Replying to: naut_online (Jul 20, 2009 10:31 am) What if gas hits $4.00/gal and stays there? Banks operate in a knee jerk fashion, so that is why the residuals are where they are. Look, no one is offering the same kinds of leases they did 2 yrs ago. It just costs too much to do so. When you are selling fewer cars(as everyone is) those costs are magnified.
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Replying to: volvomax (Jul 20, 2009 11:18 am) |
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Replying to: naut_online (Jul 20, 2009 11:51 am) BMW Financial is probably offering a subvented residual in lieu of other incentives. I doubt that an X5 will be worth 55% of MSRP in 3 yrs. 3 yr old X5's wholesale in the $19-20k range, and they all stickered north of $50 grand. So, the lender takes the loss. Pretty hard to justify when sales are down. |
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Replying to: volvomax (Jul 20, 2009 12:29 pm) |
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If they give you 20%-25% off the MSRP upfront, then how likely is it that the car will be worth 50% of MSRP in three years? We didn't know how lucky we had it with those $500 payments on $48K vehicles... The banks were losing their shirts.. they just didn't know it yet. Now, they know it, and the price reflects the risk. On the plus side.. if you like to buy your vehicle at the end of the lease, you'll get a pretty good deal. $500 lease payment on an SUV? Try a Tiguan, RDX or RAV4.. Doubt you'll find anything full-sized for that payment.. Or, possibly a stripped Pilot.. Cheap leases are going to be hard to find for awhile...
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