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Volvo XC60 Leasing Questions

77 messages,  Last post on Nov 01, 2009 at 5:12 PM

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

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#38 of 77 Re: 5K Incentive [Car_man] by westiethewilly May 11, 2009 (6:36 am)
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 Replies to this message: Car_man (Jun 23, 2009 2:18 am)
#39 of 77 Volvo XC60 Deal? by volvo_guy May 14, 2009 (12:59 pm)
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)
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)
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. Replies to this message: chiro444 (Jul 01, 2009 9:33 pm) soylentgreen (Jul 03, 2009 6:09 am) entertheswamp (Aug 18, 2009 5:32 am)
#42 of 77 XC60 T6 Quote by soylentgreen Jul 01, 2009 (6:02 am)
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? Replies to this message: chiro444 (Jul 01, 2009 4:41 pm) jtla (Jul 01, 2009 5:56 pm) zamo (Sep 03, 2009 6:26 pm)
#43 of 77 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 77 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 77 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 77 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.

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