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Volvo is currently advertising a XC90 V8 with a 24 mo lease for 389. <p>But I've been hearing of others actually paying BELOW invoice. As an example Edmunds currently lists pricing for on '06 XC90 w/V8, touring, climate and metallic paint at 50,040 MSRP; 46,877 Invoice and 46,010 TMV.<p>They also show the following rebates and incentives:<br>> 500 Cash to Customer (if you finance with Volvo finance)<br>> 2,000 Cash to Customer (Conquest bonus cash - does anyone know what that means?)<br>> 1,500 Cash to Dealer (for marketing support)<p>So, what are others out there paying and any other suggestions for finding a good deal (preferrably on a 24 mo lease)? Anyone have current figures on this lease deal (cap cost, residual value, money factor, etc.)?<p>Thanks!<p>
 

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Re: What did you pay for your XC90? (pkh540)

Brand New 2006 2.5T with Premium Package and Versatility Package<p>Due at signing $0<p>Cap Cost $0<br>First Payment $0 ($458 + tax paid by dealer)<br>Acquisition fee $0 ($500 paid by dealer)<br>Dealer fee $0 ($499 eaten by dealer)<br>Tax, Tag, other services $200 (total out of pocket). Other services include car detail and full tank of gas.<p>Lease Term 24 months.<br>$458 + tax per month (23 payments remaining)<br>10,500 miles per year.<p>As per the ad, it required 740 credit score.<p>New Volvo owner with above deal <IMG NAME="icon" SRC="http://www.vwvortex.com/vwbb/smile.gif" BORDER="0"> <p>PS: MSRP was around $43K, negotiated final price was around $39,500, Residual was around $29,500. So I am liable around $10K for 24 months. As per the contract, rent charge was $16.06 (0.01% APR) but I am very sure they are banking with the incentives. The sale price is high if I was to purchase, but the residual is incredibly high too, so it evens out. I am planning to return the car anyways.
 

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Re: What did you pay for your XC90? (pkh540)

So a local dealer (http://www.sandbergvolvo.com) has an XC90 with an MSRP of 50,775 on sale at 44,996. However, if I want to lease that same XC90 he HAS to charge 48,839 as the gross cap cost as stipulated in the current lease ad. He insists that "Volvo requires" him to charge that or he can not offer the lease deal with the money factor or residual used for the current advertisement... <IMG NAME="icon" SRC="http://www.vwvortex.com/zeroforum_graphics/screwy.gif" BORDER="0"> <p>But the money factor and the residual value are sponsored through the financial arm of Volvo and are offered to help dealers sell remaining inventory before the '07's arrive. Volvo US already made their nut on the vehicle and allow dealers to sell the vehicle for what ever they want which is why you can buy cars closer to or sometimes below invoice based on market conditions and various incentives offered through the factory.<p>At this point he asked me if I was calling him a liar... didn't need the aggrivation so I walked. <IMG NAME="icon" SRC="http://www.vwvortex.com/vwbb/tongue.gif" BORDER="0"> <p>Anyone else have a similar experience? Again, just looking to find out what others may have been able to negotiate for the gross cap cost on this fantastic lease deal.<p>Thanks!<p>
 

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Re: What did you pay for your XC90? (pkh540)

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD><i>Quote, originally posted by <b>pkh540</b> »</i></TD></TR><TR><TD CLASS="quote">Volvo is currently advertising a XC90 V8 with a 24 mo lease for 389. </TD></TR></TABLE><p>With a $2495 cap reduction which IMO, means another $100/month on a 24 month lease...and a low mileage one at that. Remember, money down on a lease is not a good idea because in the event of an accident, gap insurance will cover the deificiency. Therefore, you're helping reduce the gap but won't see anything for it other than a lower payment.
 

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Re: What did you pay for your XC90? (pkh540)

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD><i>Quote, originally posted by <b>pkh540</b> »</i></TD></TR><TR><TD CLASS="quote"><br>But the money factor and the residual value are sponsored through the financial arm of Volvo and are offered to help dealers sell remaining inventory before the '07's arrive. Volvo US already made their nut on the vehicle and allow dealers to sell the vehicle for what ever they want which is why you can buy cars closer to or sometimes below invoice based on market conditions and various incentives offered through the factory.</TD></TR></TABLE><p>The lease deals cannot be combined with the current rebates and incentives. The reason is because Volvo is assuming a near 75% residual and almost 0 money factor. IF you had the choice to use the discounts, then you would see a lower residual and a higher money factor. At the end you end paying the same amount per month.<p>There is someone claiming that he has gotten a better deal than the current national program.<p><A HREF="http://townhall-talk.edmunds.com/WebX/.ef9ddd8/95" TARGET="_blank">http://townhall-talk.edmunds.com/WebX/.ef9ddd8/95</A><p>Making rough calculations, equivalent to $525/month with $0 due at signing, 24 month lease, and 12k miles a year (Ocean Race Edition).<p>As someone said here already, $0 down is a good option, but $0 due at signing is the best option. Sing & Drive, all the gap insurance is covered by the lease company.
 

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I negotiated a V8 with Nav, Xenon, Climate, Rear Ent, IAQ, Touring sticker 55030<p>Price 52400<br>resid 74%<br>term 24 mos, 10500 miles<br>MF .00001<br>Acquisition 795<br>tax credit with surcharge 1.2%<br>0 cap reduction<br>1st month and security deposit up front<br>payment $559/mos
 

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<IMG SRC="http://sunsentinel.p2ionline.com/bundling/data/images/1536377_3854746.jpg" BORDER="0"> <p>As per the dealer, this includes a loyalty rebate of 2 grand.
 
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