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Volvo XC70: Lease Questions

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

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

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#264 of 269 Tire Debate by meteop34 Oct 14, 2009 (8:42 am)
I am leasing a 2007 XC70 and the lease is up in about 9 months. I now need to replace all 4 tires and have heard a lot of great reviews from XC70 owners on Nokian tires. All of these owners have upgraded the size from OEM 215/65/16 to 235/60/16.   Should I worry about paying a penalty when I return the car if the tire size is different from OEM? Replies to this message: Car_man (Oct 16, 2009 1:55 am)
#265 of 269 Re: Tire Debate [meteop34] by Car_man HOST Oct 16, 2009 (1:55 am)
Replying to: meteop34 (Oct 14, 2009 8:42 am) Hi meteop34. It wouldn't hurt to check with the bank that you are leasing through to make certain, but generally speaking most banks don't care of a vehicle has different tires on it than the ones that it originally came with...as long as all four new tires match.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#266 of 269 Buy or turn in? by jaa37jaa37 Dec 04, 2009 (9:52 am)
My parents have a 2007 XC70, and they're finishing a 30-month lease in Feb. The residual is $21,500. The car is in very good shape, and while I don't know the exact mileage right now, I'm certain it's under 20,000. Any idea whether I can expect the dealer to offer me a better deal on the residual? I read that dealer auction prices are pretty low right now. Replies to this message: meshugy (Dec 04, 2009 9:58 am) vancouver83 (Dec 04, 2009 9:40 pm) jaa37jaa37 (Dec 05, 2009 6:20 pm)
#267 of 269 Re: Buy or turn in? [jaa37jaa37] by meshugy Dec 04, 2009 (9:58 am)
Replying to: jaa37jaa37 (Dec 04, 2009 9:52 am) I'm in the exact same situation....finishing a lease on a low mile 2007 XC70. I spoke with the bank (Wells Fargo) several times and they will not lower the residual (mine is $18,000). The car will easily sell for $22K or more so they have no incentive to make deals.
#268 of 269 Re: Buy or turn in? [jaa37jaa37] by vancouver83 Dec 04, 2009 (9:40 pm)
Replying to: jaa37jaa37 (Dec 04, 2009 9:52 am) I just bought mine for $18,700 and tried to get the bank to go lower but they would not. Mine also only had 26,000 miles on it and I found nothing out there (including the new XC70) that was any better at that price. I also like the car and have a big dog that won't fit in most other stationwagons.   I think you can probably sell the car for around $22,000 (my refinance bank said it was worth) so $21,500 might be pushing it. If they need a wagon, I would look at Subaru Outback (to buy) or Passat if they just want to lease. At 21,500, their monthly payments wont be that different and they wont need to fix up the 3 year old car. Replies to this message: jaa37jaa37 (Dec 05, 2009 6:20 pm)
#269 of 269 Re: Buy or turn in? [vancouver83] by jaa37jaa37 Dec 05, 2009 (6:20 pm)
Replying to: vancouver83 (Dec 04, 2009 9:40 pm) Thanks for the responses. Sounds like the $21,500 is a pretty decent price. If they decide not to keep it, it will probably be because they've decided to get a hybrid -- they don't *need* a wagon anymore, but I think they like the flexibility of having all that space when they want it. I suppose there's no harm in trying to negotiate a better price...

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