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Volvo XC90: Lease Questions

1548 messages,  Last post on Dec 05, 2009 at 2:13 PM

You are in the Volvo XC90 / XC60 Forum. Your Hosts are steve_ & tidester

What is this discussion about? Volvo XC90, Car Leasing, SUV


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#1499 of 1548
Re: Please help - urgently need a car. [autoboy19] by zamo
Oct 23, 2009 (5:43 am)
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Replying to: autoboy19 (Oct 22, 2009 8:05 pm)

Those residuals are horrible. The good thing, there is a lease cash incetive of $3,500 if you go with US Bank.
 
I just ordered an R-Design
#1500 of 1548
Winter Tires on a Lease Return by steveinvt
Oct 31, 2009 (2:05 pm)
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Hello,
My wife has an '08 XC90 3.2 AWD with 17 inch wheels. The tires are due for replacement, but the car is a lease and we are looking to return it next March when the lease is up. Since we are going into winter, I am tempted to take advantage of a really good deal on winter tires and just keep them on for the next 15 months til the lease finishes up. I am wondering if there are any issues with returning a lease with winter tires on the car (assuming tread level is ok)?
#1501 of 1548
Re: Winter Tires on a Lease Return [steveinvt] by jayrider
Nov 01, 2009 (7:47 am)
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Replying to: steveinvt (Oct 31, 2009 2:05 pm)

If the tires look like winter tires the inspection will probably result in you paying for a set of all seasons. If they aren't obviously winter tires you might slip by. I wouldn't chance it -- just buy all seasons. you might also need to buy tires of comparable quality. No off brand cheapos.
#1502 of 1548
Re: Purchase at End of Lease [hjh22] by binsky33
Nov 01, 2009 (9:43 am)
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Replying to: hjh22 (Oct 20, 2009 11:00 am)

Hi HJH22,
 
I just bought out my '08 XC90 from Volvo finance. It was 2 years old with 21K miles
 
First off Volvo finance will only give you the buy-out price to the dealer. So you have to go through a dealer. Second expect to pay the buy-out price in your lease. Back when gas prices were over $4 the buttom fell out of SUV prices and you could get offers $4,000 below buy-out . Well the gas prices are down and the SUV market has fully recovered.
 
I converted my car to CPO (Certified Pre-owned) when I bought it out for an additional cost of $1,500. This gives me 4 more years of warranty, I will not come near the mileage ceiling. So for $32,000 plus tax and tags I bought a CPO car that I knew everything about since I was the previous owner!
 
I have AWD, 3rd Row, Premium, Versatility, and Convience package with backup system, Pollen Filter, and folding mirrors.
 
I could not get a 2010 XC90 fully loaded for anywhere near $32,000. I have about 90% of the safe and sound with the CPO.
$4k or more difference to get into a 2010 was not worth it in my opinion. Plus, I cannot tell the difference from a 2010 vs 2008. HD radio might be the only real difference.
 
Note: I believe a well maintained Volvo goes forever. I have a '96 850 with 160K (the kids car), and a '01 S80 (mine) with 90k. I get a new Volvo every 7 years or so whether I need one or not. My wife loves her XC90 she will drive it for many years.
#1503 of 1548
Re: Winter Tires on a Lease Return [jayrider] by zamo
Nov 01, 2009 (10:13 am)
Reply

Replying to: jayrider (Nov 01, 2009 7:47 am)

They look at the remaining tread only. Doesn't matter the brand.
#1504 of 1548
Costco Incentives on XC60, XC70 and XC90 by crestonave
Nov 15, 2009 (4:44 am)
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This morning I got an email from Costco offering:
  
Purchase a new Volvo XC60, XC70 or XC90 between November 3, 2009, and
January 4, 2010, to receive:
  
    * Volvo employee pricing for the XC60
    * $500 off Volvo employee pricing for the XC70 and XC90
    * PLUS all available rebates and incentives
    * PLUS a $500 Costco Cash Card
  
How do I figure out what "employee pricing" is for the XC90?
  
Thanks!
 
(Notice that the email specifically says "purchase" so I don't know if these incentives would apply to a lease)
#1505 of 1548
Re: Costco Incentives on XC60, XC70 and XC90 [crestonave] by adampratt
Nov 15, 2009 (7:00 am)
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Replying to: crestonave (Nov 15, 2009 4:44 am)

I'm not a Costco member, but I'm curious if anybody knows what their numbers are. I couldn't swallow the overinflated used car prices so I opted for OSD in January. I'm taking my oldest son to Sweden on January 1, for free!
#1506 of 1548
Re: Costco Incentives on XC60, XC70 and XC90 [adampratt] by crestonave
Nov 15, 2009 (7:31 am)
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Replying to: adampratt (Nov 15, 2009 7:00 am)

Sounds great! Have a good time and a safe trip!
 
I'm going to check with Costco tomorrow. It will be interesting to see what the numbers are. Just poking around Overstock, I am getting prices below invoice, so I can't imagine how much better "employee prices" are, if at all. I personally think this thing is a slug, but my wife seems to like it, and I guess she should drive what she likes.
 
I'll post what I come up with.
#1507 of 1548
End of lease purchase question by rundeep3
Nov 15, 2009 (10:45 am)
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I have a 2007 XC90 (Climate, Premium 12k a year) with 30000 miles and a lease ending in May. The lender (Huntingdon Bank) is anxious to have me buy the car early and has made the following offer:
 
based on a purchase price of $23,395, they will waive some fees, charge me 5.99 percent on the loan and no money down. they calculate $456 a month with some extended warranties, $426 a month without. Both figures are less than my current lease price, and owning would allow me to increase the insurance deductibles too.
 
Questions: 1) is this a good deal? 2) are there better deals coming -- is it wiser to wait a few months and see if they are willing to charge even less? When I talked to them about 6 months ago, they were not as flexible as they seem to be now.
#1508 of 1548
Re: End of lease purchase question [rundeep3] by crestonave
Nov 15, 2009 (8:56 pm)
Reply

Replying to: rundeep3 (Nov 15, 2009 10:45 am)

how does 23,395 compare with the residual value you originally got? are they waiving all remaining lease payments?

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