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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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#10 of 77
Re: AXZ Plan and $5K? [rosedale] by bmhaven
Mar 31, 2009 (5:30 pm)
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Replying to: rosedale (Mar 31, 2009 6:47 am)

Hi Rosedale,
 
I went to the Volvo dealership in Cary, NC to inquire about the Volvo XC60 and Ford X Plan pricing. You can indeed take advantage of the $5K incentive by using an outside lender on top of X Plan pricing. Rumor in Detroit right now is that GM is going to role out some hefty incentives for April so it will be interesting to see if Ford follows suit. On the XC60 you almost have to get AZ plan pricing in order to make the overpriced XC60 affordable.
 
I am going to revisit in a couple months once dealer inventories ramp up to see if I can squeeze an additional $1K off the price.
#11 of 77
Re: Volvo XC60 Lease Questions [Car_man] by steelerj
Apr 02, 2009 (10:56 am)
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Replying to: Car_man (Mar 24, 2009 2:18 am)

I am looking into a lease in South Florida. So I have a few questions:
1) Is the $5K cash incentive regional or nationwide?
2) Then how does the $5K cash incentive work?
3)I am looking at a 48 mth lease (33% residual) to keep the payments down but with the residual value would I be better off with a 36 mth lease?
4) How can I calculate the payments if I don't know the actual residual values?
#12 of 77
Re: Volvo XC60 Lease Questions [steelerj] by rosedale
Apr 02, 2009 (1:35 pm)
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Replying to: steelerj (Apr 02, 2009 10:56 am)

1. I think the $5k is nationwide and I think it has been extended to April 30.
2. At least in the NY area, there are no true base models. All models include the moonroof (which is supposed to free), the climate package ($1000) and most include metalic paint ($550 or so). That means the cheapest model on the lot is probably $39,500 after the delivery fee is included. The cap cost (ie the price from which the lease is calculated) is then reduced to $34,500. So they give you a $5k discount on a car that includes about $1500 to $2000 in options.
3. Can't answer that.
4. Leaseguide.com
Best of luck.
#13 of 77
Re: Volvo XC60 Lease Questions [rosedale] by baygirl1
Apr 02, 2009 (2:47 pm)
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Replying to: rosedale (Apr 02, 2009 1:35 pm)

Perfect timing on this info. My dealer just sent me my lease info today and made no mention of an incentive. So I've checked all over the internet and cannot find anything on the $5000 incentive except on this site. Where is this coming from? Incidentally, my dealer quoted me payment amount for both 36 and 48 months, along with the selling price, however, he made no mention of the residual or the factor. The car we have on order included the moonroof at no charge, however we did get charged for the metallic paint and the climate package (we're in California). Thanks so much!
#14 of 77
questions aout leasing xc60 by dpeck1
Apr 13, 2009 (4:15 pm)
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Carman:
 
Do you think this $5,000 wil be around in May? A rep at the NY autoshow also told me that in addition to the 5K, they offer an ADDITIONAL $1,000 conquest cash for owners of Audi, BMW, Mercedes.
 
I am trying to lease a XC60 with an MSRP of 44,000, cold weather, nav, etc. 15,000 miles a year 36 months.
 
What type of discount can I expect off teh MSRP, before the incentives?
 
 What should the monthy payment be, assuming I can get the car for 42500 minus the $6,000, so a selling price of 36500? Thanks!!!!
#15 of 77
Re: questions aout leasing xc60 [dpeck1] by serdarfl
Apr 14, 2009 (1:27 pm)
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Replying to: dpeck1 (Apr 13, 2009 4:15 pm)

1- $5,000 dealer cash is available only when you go thru any lender but Volvo Car Finance on a lease. In South Florida, US Bank is the only other bank that do leases for Volvo.
2- Conquest money is $1,000 if a person in the same household owns a Mercedes, BMW, Audi, Acura or Lexus. For instance, your wife is driving a Mercedes, then yes you do get the conquest money.
3- Panoromic sunroof is free of charge until further notice. Most if not all the cars in South Florida have panaromic roof.
4- Dpeck1, more than likely they will keep the $5,000. Without any additional money on the car lease would have been thru the roof.
5- Keep in mind that usually when a new car launches the residuals are set high. Volvo will introduce the 3.2 FWD version of the car though there is no specific date yet.
#16 of 77
Re: questions aout leasing xc60 [serdarfl] by baygirl1
Apr 14, 2009 (2:49 pm)
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Replying to: serdarfl (Apr 14, 2009 1:27 pm)

1. I'm in California, and US Bank is it for us, too. My dealer said it is supposed to end in May, but who knows.
 
2. I was told last week that the dealerships should find out on 4//15when Volvo updates their incentives if it includes a loyal customer incentive of $1000 since so many people have been upset that there wasn't one.
 
3. Also, we could only get them to drop the MSRP by $1000 off our fully loaded model and they only did that after we said we were going to look at Lexus again. So we'll get $6000 off the MSRP.
 
4. We also found out that US Bank has a maximum they are willing to residual of $43,400, so while that actually lowers the residual value of the car, it doesn't affect the actual incentive amount they take off the MSRP. So, in the end if we decide to buy it, then we'd get it for a lower amount than if the full MSRP had been residualized.
 
5. My car just came in on the truck this afternoon. Picking it up Saturday! It's a real beauty! I bought a black sapphire body with black on black interior (which looks dark gray) with the stainless interior. Looks a LOT sharper than the blond wood and mixed color seats.
#17 of 77
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 77
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 77
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
Host
Prices Paid: Buying & Leasing Experiences Forum

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