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Volvo XC70: Lease Questions

269 messages,  Last post on Dec 05, 2009 at 6:20 PM

You are in the Volvo XC70 Forum. Your Host is kcram

What is this discussion about? Volvo XC70, Car Leasing, Wagon


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#226 of 269
Re: Re 2 year lease [sweeney4] by kyfdx HOST
Jul 30, 2008 (8:20 am)
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Replying to: sweeney4 (Jul 30, 2008 8:17 am)

That's a great deal..
 
Now.. if I could just convince the wife that it's an SUV and not a wagon, we'd be in business!!
#227 of 269
Re: Re 2 year lease [sweeney4] by qbrozen
Jul 30, 2008 (10:29 am)
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Replying to: sweeney4 (Jul 30, 2008 8:08 am)

Damn. That is good. Even 15k would probably still be right around $400/mo.
#228 of 269
Re: Re 2 year lease [sweeney4] by dc_dave
Jul 30, 2008 (1:24 pm)
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Replying to: sweeney4 (Jul 30, 2008 8:08 am)

Please tell me what you think, how much better can I do?
 
36 months, 15K per year
 
2008 Volvo XC70 3.2 AWD in Barents Blue with Sand stone leather, Premium package, Climate package, Convinience package, Blind spot information system, Boosters. M.S.R.P. $ 44250, lease sale price is $ 32636, 36 month lease with 15K miles per year is $ 541 per month with 0 down, just taxes and tags ( $ 1158). Money factor is $ 0.00233, residual 0.42 ( $18585).
 
2008 Volvo V70 3.2 in Barents Blue with Sand stone leather, Premium package, Climate package, Convinience package, Bi-xenon, 17" wheels, Personal car communicator, Boosters. M.S.R.P. $ 40445, lease sale price is $ 31985, 36 month lease with 15K miles per year is $ 574 per month with 0 down, just taxes and tags ( $ 1158). Money factor is $ 0.00233, residual 0.42 ( $16986).
 
Dave in VA
#229 of 269
Re: Re 2 year lease [dc_dave] by cheyjey
Jul 30, 2008 (2:10 pm)
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Replying to: dc_dave (Jul 30, 2008 1:24 pm)

I think you can get a better deal than that. I have the same color combo car that I bought last month with the following terms:
After spending some time here and shopping, I just leased an XC70 so I thought I would put the details here for everyone. This does include the 1000.00 Volvo credit for existing Volvo owners:
MSRP - 44,325
Agreed Upon Selling Price - 37212
Adjusted Cap Cost - 36518
Term - 24 mos
Miles - 12K/yr
Drive Offs - 990
Monthly Payment - 420+ tax
Residual: 28058.31
 
My total down was only drive offs as well and was less than yours above. Also my payment is 420/mo and that is a 24 month lease!
 
What I learned while there is that you need to choose the lease promo that they are doing with each car. I was told that for the XC or V the sweet spot is 2 year, and for the SUV it is 3 year.
#230 of 269
2 year lease by dg170
Aug 08, 2008 (11:29 am)
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Would love feedback on the following:
2008 XC 70 with Premium and Climate package
MSRP 44,535
Term 27 months
Cap Cost 32,296.61
Miles 10k
Residual 24,939.60
Monthly: 499.87
No money down
 
Thanks!
#231 of 269
Re: July money factor? [novalauren] by Car_man HOST
Aug 15, 2008 (1:59 am)
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Replying to: novalauren (Jul 28, 2008 1:21 pm)

Here you go, novalauren. You never mentioned whether you are interested in the 2008 or the 2009 model, so for now I will assume that you want an '08. Volvo Finance's current buy rate lease money factor and residual value for a 36 month lease of a base '08 XC70 with 12,000 miles per year are .00084 and 48%, respectively.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#232 of 269
2008 xc70 lease Deal or No Deal? by pointa
Sep 15, 2008 (6:12 am)
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My husband just negotiated a lease deal for a 2008 XC70. I have been searching this site trying to find out if what he got was a deal or not, but the cars listed here are more expensive and it's hard to tell. I don't have all the figures that I see other people posting, but I do hope you will be able to give me some feedback with the info that I do have. I appreciate any help. By the way, we live in Northern New Jersey.
 
The car is a New 2008 XC70 base model - black. No bells or whistles, just standard equip.
MSRP - I believe was $37,000 (or just slightly over)
Term - 36 months
Miles - 12K
Money Down - $1,800 (INCLUDES tax, title, reg., first month payment)
Monthly Payment - $385
#233 of 269
Re: 2008 xc70 lease Deal or No Deal? [pointa] by vancouver83
Sep 15, 2008 (7:33 pm)
Reply

Replying to: pointa (Sep 15, 2008 6:12 am)

I am no expert and really here to learn. However, I was doing some negotiations with a dealer regarding a
 
2008 XC70 with the premium and convenience packages and the price was roughly around $33-34,000 (this is in PA near Philly). With the 2009s coming in and these cars not being great with gas,etc, I think $37,000 for the base with nothing extra is a little too much but I leave it to the experts to give the correct answer.
#234 of 269
Re: 2008 xc70 lease Deal or No Deal? [vancouver83] by pointa
Sep 16, 2008 (4:10 am)
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Replying to: vancouver83 (Sep 15, 2008 7:33 pm)

Thanks for the reply. I appreciate any feedback. The $37,000 is the sticker price. I think the sale price was around $26,000-$27,000. I wasn't totally sure of the price that is why I didn't put it in. I just want to know if anyone had any thoughts to the monthly lease price on a base car. It seems that people are paying far more, but that is also for a more expensive car, so it's hard to tell if it's a good deal or not.
 
Some of these dealers (in NJ) seem to think they are sitting on a pot of gold and are willing to turn away offers. We've walked out of a few places and they were willing to let us go. At least, that is what I've experienced over the past month or so.
 
Are you leasing or buying? Do you care to share your negotiations thus far?
#235 of 269
Re: 2008 xc70 lease Deal or No Deal? [pointa] by vancouver83
Sep 21, 2008 (8:37 pm)
Reply

Replying to: pointa (Sep 16, 2008 4:10 am)

I like to lease because you never know how things will change in a few years (without a dog, I may not need a stationwagon).
 
I generally do all of my negotiating via email. I decide what options I want, look into the inventory of the dealers (online), and then ask for best price they can offer on a vehicle. In the past, I would then go in and negotiate for a lease or buy (never telling them ahead of time). I am now getting too impatient, I tell them I want to lease give, them VIN of the vehicle in their lot that I am interested in, and ask for all of the specifics -- monthly lease payment with no money down, money factor (interest rate if you multiply by 20), any drive away fees, and the residual.
 
If they respond with a nice offer, I go in and we are done, in not, on to the next dealer. The important thing is not to go in until you have something concerete in writing, dont waste your time at dealerships. You can use Cars.com or Edmunds to get quotes multiple quotes.
 
Good luck.
 
PS- I already have a 2007 and was just poking my nose to see if I could get a good deal with a 2008. Didnt get exactly what I wanted so I'll wait until the lease runs out and get a 2010 or 2009 (with the better engine )

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