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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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#60 of 77
2010 XC60 3.2 Lease or Buy by soapdish616
Sep 26, 2009 (9:37 am)
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Hi Everyone,
 
Really need your help here. I'm interested in buying or leasing (which ever is the better bang for the buck) a 2010 XC60 with Premium pkg, climate package and BLIS. I'm willing to even order the car but still want to ensure a great deal...
 
What's the lowest they'd be willing to go on a selling price for such a car?
 
Thanks
#61 of 77
Re: XC60 Rebates & Incentives [Car_man] by microchip
Sep 30, 2009 (10:56 am)
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Replying to: Car_man (Sep 24, 2009 2:14 am)

Car_man:
 
When and where does this information become available? I was at the dealer last night, and this mirrored exactly what they were able to offer me, invoice minus $1000 dealer incentive and $4000 Alternative Lease Assistance plus the 5 year/60K maintenance/warranty, etc...
 
Unfortunately the car was missing the BLIS feature and I hitch, and they are trying to locate one for me with the equipment I want, but if it does not happen today, how will I know tomorrow what the October incentives are? Most people are confident the safe & sound will continue, but I don't know about the other incentives.
 
Thanks!
MC
#62 of 77
Re: Volvo XC60 Lease Questions [mkny83] by cmarselle
Sep 30, 2009 (1:27 pm)
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Replying to: mkny83 (Mar 22, 2009 4:40 pm)

Upon leasing a car are you suppose to tell the dealer you are leasing or do you tell them you are buying so you can first negotiate a price then fiqure out the lease cost from there? thanks
#63 of 77
Re: Volvo XC60 Lease Questions [cmarselle] by tredvr6
Oct 01, 2009 (5:37 am)
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Replying to: cmarselle (Sep 30, 2009 1:27 pm)

In the case of the XC60 (both the 3.2 and T6), there has been a discount available to those who lease through a 3rd party that has not been available on a traditional purchase. You "should" get a better lease payment by telling the dealer that you plan to lease since the dealer can reduce the capitalized cost of the vehicle by the amount of the lease incentive.
 
The dealer with whom I've been working has been very forthcoming with all the information needed to calculate the lease payment (cap cost, money factor, residual), however, not all dealers are willing to share this information. My opinion is to not do business with a dealer who does not share all the information required to determine the lease payment.
#64 of 77
October Lease Cash by mlynnk1
Oct 14, 2009 (6:27 am)
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Can anyone confirm the lease cash amount for an XC60 3.2? Edmunds lists it as both $3,750 and $4,250 with no differentiation in the qualifications. My dealer is saying the lease cash is only $3,250 and then is mentioning another $750 which I assume is the dealer cash. Can anyone confirm what the actual lease cash is?
#65 of 77
Re: XC60 Rebates & Incentives [fantom] by Car_man HOST
Oct 16, 2009 (1:43 am)
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Replying to: fantom (Sep 25, 2009 2:34 pm)

Hi fantom. In October, Volvo Dropped the XC60 dealer cash slightly to $250. Its cash incentive for leases of this model through independent banks is now $3,750 on 3.2 2WD and $4,250 on 3.2 AWD. It has extended the Safe+Sound warranty promotion.
 
US Bank is a major national lending institution. I recently heard that Volvo is essentially shutting down Volvo Finance and that it will run all of its future lease specials through USB.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#66 of 77
Re: XC60 Rebates & Incentives [microchip] by Car_man HOST
Oct 16, 2009 (1:45 am)
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Replying to: microchip (Sep 30, 2009 10:56 am)

Here's an update chip. In October, Volvo dropped the XC60 dealer cash slightly to $250. Its cash incentive for leases of this model through independent banks is now $3,750 on 3.2 2WD and $4,250 on 3.2 AWD. It has extended the Safe+Sound warranty promotion.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#67 of 77
Re: Volvo XC60 Lease Questions [cmarselle] by Car_man HOST
Oct 16, 2009 (1:48 am)
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Replying to: cmarselle (Sep 30, 2009 1:27 pm)

Hi cmarselle. I personally prefer to negotiate the selling price of any vehicle that I am getting before the deduction of any available incentives but stipulating that I will get them. Once a pre-incentive price has been arrived at I then have the dealer deduct any available cash from that.
 
I don't see any reason to hide the fact that you are leasing from the dealer, as long as you are strong willed and you don't let the dealer steer your negotiations away from your vehicle's selling price and towards its monthly payment. Dealers love to play tricks with the numbers to get consumers to focus solely on the payment so that they don't realize that they are leaving money on the table.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#68 of 77
Re: October Lease Cash [mlynnk1] by Car_man HOST
Oct 16, 2009 (1:49 am)
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Replying to: mlynnk1 (Oct 14, 2009 6:27 am)

Hi mlynnk1. The $3,750 is available on 2WD and the $4,250 on AWD models. The $750 that the dealer mentioned is indeed dealer cash.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#69 of 77
Re: XC60 Rebates & Incentives [Car_man] by fantom
Oct 16, 2009 (2:31 am)
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Replying to: Car_man (Oct 16, 2009 1:43 am)

Thanks Car Man.
 
Sorry to be so dense, but must the "independent bank" be US Bank? I'm told it does.
 
Also, have you heard anything about when the XC60-R can be ordered? Again, it's been hinted to be late this month or early next month.

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