Don’t waste your time with Volvo in Culver City, they were a joke when I contacted them. Typical mentality that they didn’t need to discount the car and it would sell itself. If you’re going to try and get a deal in the LA area, I’d reach out to either Galpin or Autonation Southbay.
In the first reply, seems like they were asking for $7181. That has to contain at least $5k in down payment.
Rusnak response is spot on, that’s all true. Now, you move to the second calculator screenshot that includes tax, aquisition fee and MSD. And then you only have 8K MSD, dealer fees, first month and title/registration due at signing.
P.S. I included tow hitch into MSRP, so you may need to remove $1,075 from MSRP and recalculate payments. Probably $25-30/mo less and add that amount to due at signing.
Does this chart show the MSD? I’m not sure I want to do the MSD yet.
Rusnak basically told me to goto Culver City… I don’t think he is willing to deal with me anymore.
Yes. MF 0.0013 and $844/mo without MSD with 0.0018
A naive side question from someone who’s looking at the T8 and T6 as well - I’m wondering what’s the financial rationale for taking the T8 over the T6.
You pay n additional of $135/month (roughly, according to current promotions on Volvo USA website) for the T8.
If you get $5000 federal tax credit for a hybrid, assuming a 32% tax bracket, that’s about $1600 in savings. Adding $1500 from CA, that’s $3100 in savings or about $80/month over 39 months.
So $135 - $80 = $55/month extra to drive the hybrid T8.
If we assume you’ll be saving those $55/month in gas spend using the electric battery (limited to about 14 miles until depleted), that’s about 420 miles/month you need to do with just the electric battery instead of the gasoline engine, to break-even. That’s something like 50% of all travel on a 10K miles/year lease!
So based on these many (inaccurate) assumptions, if you can drive it every day ( = reach 420 miles using electric), then charge it and drive so more on that day using the electric motor that makes sense, otherwise it doesn’t sound so appealing.
In a lease you don’t get the tax credit, it goes to the leasing company who passes it to you as part of the 5002 incentive rebate. Some people like the preferred parking at work or HOV lane flexibiity and are willing to pay extra for it. From a financial standpoint, I don’t think there is a way to justify it with this vehicle.
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Irrelevant for leasing as noted above but if there happen to be any buyers, the tax credit is actual dollars off of your tax bill, not a deduction which would be multiplied by a tax rate.
No dealership in Southern California will touch the numbers discussed on this thread. If anyone has been successful, please give me the name of the dealership willing to honor these numbers …