2024 Volvo XC90 Recharge Ultimate $1,509/mo (MSRP 83k) (12 months, 17,000 miles remaining)

[19dep62]

Year, Make, Model, and Trim: 2024 Volvo XC90 Recharge Ultimate

Detailed Features: 35mi all-electric range, Bowers & Wilkins audio, advanced sound insulation, air suspension, Napa leather seats, massaging front seats, heated steering wheel, heads-up display, retractable towing hitch, 2nd-row captain’s chairs

Location: Tucson, AZ, but I am happy to deliver it to SoCal, Denver, or Texas as I have kids in each of those areas. I would likely be happy to drive it further afield as well.

MSRP: $83,114
Monthly payment (pre-tax): $1508.93
Effective monthly payment (if incentive is provided):

Current mileage: 5,500 (technically a daily driver, but I drive less than a mile per day)
Maturity mileage: 22,500

Remaining miles: 17,000
Effective remaining miles per month: 1416 mi/month
Maturity date: December 2nd, 2026

MSD due (if any): 0
Cash due (if any): 0
Incentive for new lessee (if any): $500 from me

Financial institution: Volvo Financial
Transfer fee: 0 (I will cover)
Out-of-state transfer allowed (yes/no): Yes

Vehicle condition (accidents, tire wear, etc.), options, and other details:

Vehicle is in like-new condition, barely driven, no accidents, very little tire wear. My life circumstances changed versus what I expected at leasing, and I’ve ended up barely driving the vehicle. Interior and exterior are both outstanding. Kept garaged and frequently cleaned.

Photos:

[Benedetto]

You can’t transfer a Volvo

[WeakestLink]

Even if Volvo allowed it, you can’t transfer a $1509/mth Volvo.

[Cl97]

Lease of the year! For the sales person.

[CarRhino]

@19dep62

Monthly payment (pre-tax): $1508.93

On a serious note, call VCFS, and ask how much it would cost you to turn in the car early and break the lease. That’s your only option here as Volvo’s do not transfer.

[KEVIN88GT]

When I saw the monthly….

[vivalamatt]

For the love of god, don’t ever go back to that Volvo dealership ever again.

[Kctham18]

As others mentioned, VCFS does not allow transfers. Your options out of this lease are extremely limited due to VCFS restrictions and best bet is to call them.

Good luck

https://www.swapalease.com/help/lease-company/volvo-car-financial-services

[DailyDriven]

[19dep62]

Apologies, I did not realize that Volvos could not be transferred. Thanks for the tips, all.

I’m curious how to do better with leases in the future. I got 22% off MSRP (by my research, that’s about as good as one ever gets?) and a Money Factor of 0.002 (my understanding was that this was also quite good in 2023). Are there other metrics that I was missing? FWiW, the payment does include various insurances (including tire road hazard insurance, windshield insurance, and insurance against accidental damage during the lease), but I understand that still it’s pretty steep compared to most of the deals that people are finding here.

Is it just that leases are really only good deals in exceptional circumstances, such as the ones often posted here?

[Dany1122]

who is the dealer?

[dukez]

If you’re truly interested in learning for next time, familiarize yourself with the Leasehackr calculator – you can plug numbers in and see how the variables change monthly payment and total lease cost.

Though in this specific case, you could have reasonably estimated that financing through VCFR would have been quite a bit cheaper if your heart was set on this exact car. Alternatively, you could have taken this deal sheet to any dealer in the country and surely they’d have beat it. For future reference, there is no new $83k MSRP vehicle that will ever be worth leasing for >$1,500/mo.

[19dep62]

Volvo of Scottsdale. We shopped around at numerous dealers, including out of state ones, until we couldn’t get anyone to beat it further. Maybe Volvos are hard to get good deals on via leasing…

Part of the reason I chose to lease was that the $7500 EV credit was available for leased vehicles (but not purchases) given that the Volvo wasn’t built in the US. Not saying that made it worth it, but purchasing didn’t look much better given the absence of that credit.

[Dany1122]

how much did you put down? or upfront?

[212hackr]

Hopefully the sale guy sent you a Christmas gift.

[Ursus]

@19dep62

FWiW, the payment does include various insurances (including tire road hazard insurance, windshield insurance, and insurance against accidental damage during the lease)

See if you can still cancel them.

[CarRhino]

Yes, cancel all that bloat. It will be prorated, but it’s better than nothing. FYI, it’s a pain in the ass of a process, but money is money.

[DailyDriven]

@19dep62

Volvo of Scottsdale

I saw “Scottsdale” and immediately could envision how this could happen.

[CarRhino]

@DailyDriven

@19dep62

Volvo of Scottsdale

I saw “Scottsdale” and immediately could envision how this could happen.

[LAK1ngs]

That explains it all - that Volvo came with a free oceanview property located right behind the dealership.