So you don’t reduce the residual on a Volvo, how does that work, when the car is turned in with higher mileage the residual is the same as a lower mileage car?
I guess they reduce it by corresponding dollar amount in the contract. But 52% is current RV, like I said.
Edit: looked at the picture, it’s #6 - mileage penalty $1,428
52% of MSRP = $26,644.80 - 1,428.60 (7,143 x $0.20/mile) adjustment for miles = net residual of $25,216.20. You’ll be allowed 36,000 miles on top of the 7,143 on the car, a total of 43,143 on turn in.
Do you qualify for A-Plan (which is not available on this car)? What companies do you or anyone in your household work for? PM me if you prefer.
Price doesn’t seem good for a loaner. If you’re dealing with San Diego Volvo, they should be a lot more aggressive. Lots of the SoCal dealers are. In NorCal the Volvo Allowance is the same on a T5, but $5,250 on a T6 (should be the same in SoCal).
If anyone else is interested in this deal ( I decided on a different car) the dealer still has the car and they just texted me letting me know that they can do it for $398 pre tax and $429 with tax @7.75%. If you are interested let me know and I will give you the rep and dealers info. Thanks for all your help!
