First lease since findings this site and taking in all the advice and experiences. I got the car I wanted at a price I thought was fair. Couldn’t leverage the biggest incentives (loyalty, first responder). In 36 months, I hope I can report an even better deal! (Pics to follow, its being delivered tomorrow)
If you are looking to get into leasing, I would suggest to read the Leasing 101 articles and familiarize yourself with the process. Then, put the deal together based on your research and the RV/MF information from Edmunds. Send that to dealers.
Thanks. Part of the reason I was able to get the discount was that this was a loaner originally, but it was barely ever used. It has < 500 miles, when most loaners you see here (where hackrs have gotten wild discounts) have at least 3,000+ and are last year’s model. This was also the last unit on the lot with the Amber interior color.
I did a LOT of reading and researching with Edmunds forums as well, and I leveraged every lead I could find for incentives, etc. I suggest also looking at RealCarTips.com and read the buying methodology Greg has put together. Works well for leasing, too. I found it immensely helpful and following it ensures you are always the in the driver’s seat (no pun intended) when trying to work out a deal.
This isn’t the first lease I have done, but it’s the first since finding this forum. Now I look back at the past leases I have had a realize I could have done a lot better. You live and you learn.
Does Volvo have the $500 conquest incentive for all regions? This incentive is if you currently have another car manufacturer in your household ie. BMW, Lexus, Mercedes, etc…is that correct?
Looks like it even varies state to state? AZ has the conquest and California does not. I did a build on Volvo site and it showed the various incentives available based on zip code.
I wish it was 3,000. Maybe that was available last month or in another region (or hidden manufacturer to dealer incentive). AZ isn’t really a lease deal hotbed.
Volvo’s big money incentives are loyalty and first responder, the only 2 I couldn’t get (I tried though, I have a sibling who works for PD, but they required her to co-sign to get it. No way she’d let me do that!).
What zip are you using? Can you share a link? I checked Edmunds, Volvo USA’s website, Costco, and other sites to confirm everything. Are you sure the $3,000 isn’t a manufacturer-to-dealer incentive? That money just gives the dealer more wiggle-room to make a deal and still get some margin in the end. They can pass it to customer if they want. They don’t have to though.
There could be loaner cash on that specific VIN or designated so by that specific dealer, but the Volvo loaner terms that we have previously discussed on the forum would probably not qualify here because you would have to reach at least 1,500 miles.
Regardless, it is a great deal because your residual still barely took a hit for mileage adjustment (if at all).
