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Volvo XC60 Lease Questions

80 messages,  Last post on Nov 30, 2009 at 7:47 AM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

What is this discussion about? Volvo XC60, Car Buying, Car Leasing, SUV


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#17 of 80
Re: questions aout leasing xc60 [baygirl1] by serdarfl
Apr 15, 2009 (6:11 am)
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Replying to: baygirl1 (Apr 14, 2009 2:49 pm)

1- Volvo do not let dealers about the upcoming leasing programs in advance as their main goal to sell as many cars as possible to dealerships. If the dealers knew the program in advance they could always tell their customers to hold off if upcoming lease program favors the dealerships.
2- Volvo tweaked the XC90 lease program by releasing additional money($500). Everything stays the same on the XC60.
3- You got a fair price regardless of the economy. This is Volvo dealerships one and only chance to make some profitable deals if they can until the '11 S60.
4- You are right on the car being only residualized up to 43,200. So if the car is 45,000 the 2,000 dollar portion does not residualize and it pretty much becomes 2,000/39= around $50 increase on a 39 month lease. Pretty stupid. But it is not Volvo who sets the residuals.
5-I agree on the aluminium inlay being better looking than the wood. Have fun with the car!
#18 of 80
Re: Volvo XC60 Lease Questions [krusemark] by Car_man HOST
Apr 16, 2009 (1:44 am)
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Replying to: krusemark (Mar 26, 2009 9:46 am)

Hey Chip. Most Volvos have a special cash incentive for leases through independent banks (any bank other than Volvo Finance) available on them, but the exact amount varies from model to model.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#19 of 80
Re: questions aout leasing xc60 [dpeck1] by Car_man HOST
Apr 16, 2009 (1:55 am)
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Replying to: dpeck1 (Apr 13, 2009 4:15 pm)

Hi dpeck1. What you were told about the conquest cash is correct, but you can add Acura and Lexus to the list of eligible competitive brands.
 
Volvo's current lease program for the XC60 is only scheduled to run through the end of the month. If I had to make an educated guess though, I'd say that it will probably be around in some similar form through the end of the quarter.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#20 of 80
Just signed lease.... by darkhawkkg
Apr 16, 2009 (1:01 pm)
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I was hoping to give others some information and maybe get feedback on this deal. I don't have the paperwork right in front of me, but here's the big stuff:
 
Black (non metallic) with BLIS and PCC as only options MSRP about 39000
48 months, 15,000 miles per year
$539/month, only first month paid at signing
Residual value around 14100
 
It was through US Bank taking advantage of the $5000 incentive and X-Plan discount through my employer.
 
Any thoughts?
#21 of 80
XC60 Lease Questions by mandeson
Apr 21, 2009 (1:01 pm)
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Car_man:
 
I'm looking to lease an XC60 and was able to confirm the available lease cash of $5000 and conquest offer of $1000. I'm told with US Bank tier 1 approval the money factor is .00222 and residual is 47% with 12,000 miles per year. Is this the same information you have? What are the rates and residuals for April through Volvo Financial?
#22 of 80
Re: Volvo XC60 Lease Questions [Car_man] by chipk
Apr 21, 2009 (5:19 pm)
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Replying to: Car_man (Apr 16, 2009 1:44 am)

Gotcha, thx!
#23 of 80
Re: Volvo XC60 Lease Questions [chipk] by serdarfl
Apr 22, 2009 (11:41 am)
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Replying to: chipk (Apr 21, 2009 5:19 pm)

US Bank base rate up to 39 months is 0.00224 and between 39 to 48 months is 0.00214. Dealers can mark up this rates but cannot lower them.
#24 of 80
European Delivery and Conquest Cash by checkitfast
Apr 25, 2009 (10:50 pm)
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Does anyone know whether #2- the Conquest cash is available if I take European Delivery for the XC60?
 
Drove this car and it's great...will trade bmw for it. and that's sayin a lot.
 
Thanks
#25 of 80
Z Plan XC60 Lease by ucjjg
May 01, 2009 (9:09 am)
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Thought I'd share with you the facts & figures of our new XC60 Z plan lease:
 
Options: Black sapphire paint, convenience, climate, BLIS, PCC, booster seats, panoramic roof, Dual DVDs, front bumper bar, rear skid plate.
 
MSRP: $46,140 (incl. $825 destination)
MRM (maximum residualized value): $43,000
Selling price: $42,152 (invoice price) - $5000 (incentive) = $37,152
 
Residual = 47%
MF = .00023
Term = 39 months / 15,000 miles
Michigan tax = 6%
Payment = $614.92
 
Drive off cost: ~$700 (1st payment, registration, etc.)
 
Bonus: The dealer presented us with a check for $505 to cover the final lease payment on my wife's existing GM vehicle. They wanted to make a sale and this was a pretty cool angle.
 
Excited to pick the car up next week.
#26 of 80
Combination color/interior by westiethewilly
May 01, 2009 (3:00 pm)
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Does anybody know if interior color of Black/Lemon Green come with any other exterior color than Green ? I like the Savile Gray with the two tone of Black/Lemon.
 
Also, I was told that for MAY, the incentive program of $ 5,000 stays. I was not told about the extra $ 1k off if you cuurently drive a Lexus, Acura, Mercd., ect. But I would that offer too.
 
Even with $ 6000 off the price at invoice with the car loaded, you are talking around $ 600 a month with tax. Nothing down across ! except for inception.
 
This seems to me around the same monthly lease for a RX,and GLK. Even, the ML 350 is close with its own incentive.

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