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Volvo XC60 Lease Questions

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

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

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#43 of 80 Re: XC60 T6 Quote [soylentgreen] by chiro444 Jul 01, 2009 (4:41 pm)
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 80 Re: XC60 T6 Quote [soylentgreen] by jtla Jul 01, 2009 (5:56 pm)
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.
#45 of 80 Re: Base model lease payment [chiro444] by chiro444 Jul 01, 2009 (9:33 pm)
Replying to: chiro444 (Jun 30, 2009 9:14 pm) BTW, the above info is for a base T6. Just wanted to clarify since they now have a lower priced non-turbo version. Replies to this message: soylentgreen (Jul 03, 2009 6:09 am)
#47 of 80 Re: Base model lease payment [chiro444] by soylentgreen Jul 03, 2009 (6:09 am)
Replying to: chiro444 (Jul 01, 2009 9:33 pm) Yeah I was waiting for the XC60 3.2 NA but the dealer doesn't have any.   The dealer said the info I posted above was from US Bank, and for Volvo resids are 50-52%.   Yes, it looks like the $29K price is after all rebates w/ the down payment, I guess including the $5K(?) incentive for leasing with a non-Volvo Finance company.
#49 of 80 Re: Base model lease payment [chiro444] by entertheswamp Aug 18, 2009 (5:32 am)
Replying to: chiro444 (Jun 30, 2009 9:14 pm) I was hoping you could post more info on your lease deal. Mileage, residual, price. Did that include taxes? Was $805 all that you paid, or was there more stuff like DMV, Gap Insurance etc. Thanks
#50 of 80 XC60 Residual and Money Factor by aardy Sep 03, 2009 (12:17 pm)
Does anyone know what the current Volvo residual and money factors are?   Thanks for your help. Replies to this message: Car_man (Sep 24, 2009 2:06 am)
#51 of 80 Re: XC60 T6 Quote [soylentgreen] by zamo Sep 03, 2009 (6:26 pm)
Replying to: soylentgreen (Jul 01, 2009 6:02 am) You are complaining about a low residual? Look at the sale price !   MSRP: $38,550.00 Sell Price: $29,950.00   Right there I just see that the car is going to have a shitty residual
#52 of 80 good lease price? by pad0612 Sep 15, 2009 (3:35 pm)
Hi--   New to this forum...Hoping to get some feedback since you all seem far more knowledgeable than me!!!   We are looking to lease a 2010 3.2 XC 60 w/premium, climate, and convenience (+booster seats) packages. Have been quoted by dealer in northern NJ $3800 down and $525/month for 48 months. For a similarly equipped T6 XC60, we have been quoted $3980 down and $560/month for 48 months. Can you all tell me if this is a good deal?? Car shopping is not fun!   THANK YOU!!!

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