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Volvo XC60 Lease Questions

77 messages, Last post on Nov 01, 2009 at 5:12 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: maxload (May 07, 2009 8:51 am) I want the climate, convenience, and multimedia pkgs with xenon . Do you or anyone think in the mid 500.00 a month on 36 month lease w/15k. with tax nothing down except inception, 1st month, MV, and bank fee. Do able ? I know the $ 5000 plus $ 1000 incentives are still available. Also, did yours come with the wood or not ? or you prefer the all metal. |
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What do you guys think of the following offer to lease: MSRP: $44,495.00 A-Plan Price: $42,125.00 Rebate: $5,000.00 Gross Cap Cost: $37,125.00 MF: 0.0024 Residual:. .46% for 36 month lease with 15,000 miles per year Due at Signing:$1,478.59 Final Payment:$639.39 The lease is through US Bank and the dealership also offered me an extra $1000 for coming out of an Infiniti lease. Thoughts? Thanks in advance!
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Replying to: tsh11 (May 08, 2009 5:05 pm) The rebate of $ 5k and $1k are misleading in that without them the car would be price out. Because of the low residual and high money factor. the payment is not far from a ML350, GLK, RX350, MDX. All these cars have a lot higher MSRP but high residual and lower money factor. |
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Replying to: Car_man (May 07, 2009 2:39 am) Thank You
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Can anyone tell me if this is a good deal or not? Here are the numbers I have... ****I owe 3 payment on current XC90 Lease - Total $1605.00*** 2010 XC60 Metallic paint, Climate Package, Convenience Package, BLIS, and Personal Car Communicator. MSRP $41,795 Term 36 mos 15000 miles per year Residual 46% Residual Value $19225.70 Rate factor 0.00250 Approx Int rate 6.0% Payment $585.21/mo Upfront fees 1st Payment 585.21 8% tax 1685.40 Origination fee 695.00 Cap reduct cash 0.00 Tax on Orig fee 55.60 DMW etc 190.50 Total fees 3211.70 Total fees less equity 4816.70 Loyalty credit (1000.00) Net due at signing 3816.70 Thanks...Mike |
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Replying to: westiethewilly (May 11, 2009 6:36 am) Independent banks do not have the same incentive to provide artificially low interest rates or high residuals on vehicles. For the most part, the money factors that banks provide on vehicles are in line with the prevailing interest rates and the residual values that they provide are realistic estimates of vehicles' future values. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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For those of you that are looking for a base model, we were very close to pulling the trigger an XC-60 and went in the dealership with a clear mission. My wife had a 2007 BMW X3 who's lease was coming to an end. Our mission was to get an awesome lease deal like we did before. She had a $460/month lease with just $805 out of pocket. After much haggling and leaving the dealer they called and offered the same deal that we got with the BMW: $805 out of pocket and $460/month for 48 months. Instead of getting the Volvo we insteasd ended up buying out her BMW for $4k under the buyout but I wanted to share this since I didn't see anything about leasing the base model.
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Car Man (or whomever): I got this quote from a dealer in Dallas. Please comment: MSRP: $38,550.00 Sell Price: $29,950.00 LEASE : $399.00 per 39 Months with $4999 down including taxes,fees, first month... 12000 miles per year. 45% residual value, lease end value 17,347.50. These numbers are horrible! 45% residual after 39 mos and 12K miles? For a luxury car impregnated with tons of safety features why do they have low resale? Is it also true that for every $1,000 down, your payment goes up $50?
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Replying to: soylentgreen (Jul 01, 2009 6:02 am) |
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Replying to: soylentgreen (Jul 01, 2009 6:02 am) My guess is that the $29,950 is actually the "capitalized cost" after the down payment. Meaning, the selling price is $34,950. Even at that, I think it is still a good deal for T6, being so new to the market. However, because of the miserable residual, your monthly cost will be roughly $527 ($399 + $4,999/39). If the $29,950 is in fact the selling price, then forget about the lease. I would get a decent loan and finance the purchase. The monthly payment on a $33,000 loan (assumed TTL) at 5% for 60 month is $623. For only $96 more a month than the lease payment, you will own the car free and clear in 5 years. Just my 2 cents. |
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