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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

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


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#35 of 77
Re: Combination color/interior [maxload] by westiethewilly
May 07, 2009 (11:17 am)
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Replying to: maxload (May 07, 2009 8:51 am)

Thanks for the reply ! How do you like the combo ? I can not find this combo in any dealership in NJ for a personal look. So, I am hesitant in putting a order in. I think the Lemon color offers a lighter twist in the darkness of the rest of the car. And I am tired of beige interiors, refering to the expresso combo.
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.
#36 of 77
XC60 Lease Details by tsh11
May 08, 2009 (5:05 pm)
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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!
#37 of 77
Re: XC60 Lease Details [tsh11] by westiethewilly
May 09, 2009 (3:18 am)
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Replying to: tsh11 (May 08, 2009 5:05 pm)

I am looking for a similar car with that MSRP. With the extra 1k, that brings the sales price to $ 36,125. I am sure you can go another 1k lower to bring it closer to invoice. I would not get the car other than at invoice or lower which should lower payments to High 500. or low 600 depending your sale tax rate.
 
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.
#38 of 77
Re: 5K Incentive [Car_man] by westiethewilly
May 11, 2009 (6:36 am)
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Replying to: Car_man (May 07, 2009 2:39 am)

Can anyone tell me why the independent bank offer sure a low residual and higher moeny factor than Volvo ? is it the they are offering the 5k incentive ? it defeats the savings. I am being quoted a 45% res. and a money factor of .00240 for a $ 44,345 MSRP XC 60. This is with the 3 pkgs, Climate, Convenience, & multimedia. They say the sell price is $ $ 35,234 with 15k and 39 months. $ 577 a month seems high for that selling price. That why I am questioning if they are using a higher money factor to make some money. Anyone can help
 
Thank You
#39 of 77
Volvo XC60 Deal? by volvo_guy
May 14, 2009 (12:59 pm)
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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
 
 
#40 of 77
Re: 5K Incentive [westiethewilly] by Car_man HOST
Jun 23, 2009 (2:18 am)
Reply

Replying to: westiethewilly (May 11, 2009 6:36 am)

Hi westiethewilly. Manufacturers, like Volvo, often provide support on the leases through their captive finance company that make the money factor lower than it would normally be, residual value higher than it would normally be, or both. Doing so helps them sell more vehicles.
 
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
#41 of 77
Base model lease payment by chiro444
Jun 30, 2009 (9:14 pm)
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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.
#42 of 77
XC60 T6 Quote by soylentgreen
Jul 01, 2009 (6:02 am)
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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?
#43 of 77
Re: XC60 T6 Quote [soylentgreen] by chiro444
Jul 01, 2009 (4:41 pm)
Reply

Replying to: soylentgreen (Jul 01, 2009 6:02 am)

Well it sounds like a great quote if you were to purchase the car but the lease is only okay. Based on my post above, you should be able to get a much better price. My quote was for 48 months though. It sounds about $50 more than mine when you convert the values.
#44 of 77
Re: XC60 T6 Quote [soylentgreen] by jtla
Jul 01, 2009 (5:56 pm)
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Replying to: soylentgreen (Jul 01, 2009 6:02 am)

I have serious doubt about the $29,950 price quote for a XC60 T6 at this time. Are you sure it is a brand new car (not demo or previously registered)? If it is, then the lease payment does not make sense. With a $5k down on a $30k car, your lease payment should be under $300 per month, even at only 45% residual.
 
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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