I put $500 down to get my $4,500 MSD payment up to $5,000 to get double points on my credit card. First months payment essentially came out of that.
Originally I was looking at the XC90 but I couldn’t resist the deals I was seeing here on the S90. I went in to get the T6 Momentum and had the dealer down to zero down $389 a month, but the color combination would have to be a trade with another dealership. He offered to be more aggressive on the Inscription so for a few bucks more I went for it.
I didn’t think to ask what the buy rate MF was on the inscription since I was negotiating for the Momentum and already threw out 10 MSD. Once we moved the conversation to the Inscription the 10 MSD’s were already built into his calculations. I suppose I could call Volvo finance in a few days if I put 4 additional down for no reason and ask for it back, otherwise I probably gave Volvo a cheap loan on 5k.
So rough math the difference on payments between .00032 and the 10 MSD .00007 is about $650 divide by $4,500 that’s still a 14% return over two years. I can live with that. Worst case scenario I gave them $2,000 extra in MSD for no reason? Am I missing anything else?
General questions regarding MSD… Is the amount of MF reduced by each MSD the same between manufacturers? Also, what is the lowest MF you can usually go and is it different between manufacturers?
Seems like a decent deal looks like you got nearly 10% off. Went a little excessive with the MSD. From 6 to 7 is approx $1 difference per month for a 24 month lease. Anything more than 7 doesn’t really do much.
Got some double points for the CC MSD payment. Did you claim the $50 amazon gift card?
Completely different, typically varying between .00005 (audi/volvo) and .0001 (infiniti). In some cases, it makes sense to exchange a deep discount for a marked up MF, if you can offer more deposit to drive MF back to minimum. General rule is each manufacturer has a max number you can apply and the MF must remain positive.
So if I essentially gave them MSD that didn’t do anything do I have an argument to get a few back, or is it like any other part of the contract a done deal? Either way, it’s two years, live and Learn.
So I’m still curious since you guys pointed this out. If the T6 Inscription only allows 5 or 6 MSD’s, did the remaining 4 or 5 add zero value for me? And if that is the case, would the dealership be able to refund this if it provided no value to them either? Or is this just a lost cause? I would be interested to hear.
Also, you pointed out the MF is .00032. How much does each MSD buy the rate down again?
Each MSD buys the rate down by .00005. I have been told (don’t know that it’s true) that you can not buy the rate down under .00005, which would mean the maximum you’re able to do from .00032 is to buy down to .00007 with 5 MSDs.
Your other 5 MSDs aren’t doing anything for you. I would reach out to the dealership and to volvo financial and see if they can correct it.
