2023 Volvo XC90 B6 PLUS — 928 a Month 0 down payment

Private Transfers
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1

Volvo financial doesn’t allow lease transfers. Anyone willing to proceed with payoff amount and own?

Year, Make, Model, and Trim: 2023 Volvo XC90 B6 Plus
Location: Corning, NY

Equip with plus features, luggage cover, 21” alloy wheels, harmon kardon premium sound. Condition as new and maintenance done

MSRP: $67,315
Payoff: $61,611
Downpay: $0
Monthly payment (including-tax): $928 (< 1.5% MSRP)

Current mileage: 6500
Maturity mileage: 36000
Effective miles per month: 590
Maturity date: 11/25/2026
MSD due (if any): None

Financial institution: Volvo Financial
Transfer fee: Not sure
Out-of-state transfer allowed (yes/no): Yes

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2

The only number that might be relevant is the current payoff since the lease cannot be assumed.

3

Thanks

Just added

4

Does Volvo allow buyouts by third parties (non-dealer)? Or does the lessee have to buy it first, then resell, and essentially be taxed twice?

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6

You can call VFS and asked for a termination quote. We did that with my dads and they just made us pay a fee, in our case about $3000 to walk away from it clear.

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7

Interesting. Didnt even know VFS does that for leases. Wonder if its a standard ammount for all their leases.

8

I think they just take difference from auction value vs payoff so it varies.

9

Yes, we did this for one of ours as well. It was even in an accident. Dealer said I had $8000 in negative equity, and it only cost $2000 for termination. Drove right to the local dealer and asked them to ground it and paid VCFS directly.

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10

you are buried on this car. you have to get out 6 months early.

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11

I didn’t disagree with the $8000 in negative equity the dealer told me I had, but then VCFS surprised me. Agree this is too early for him, but it makes me curious what causes VCFS to offer termination buyouts that are significantly more attractive than dealer numbers at times.

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12

If this is 36 month lease yes but if 24, he might be able to clear with less than $5000 to walk away

1 Like