Happy New Year!
Seeking thoughts/guidance on this
2020 Volvo V60 Cross Country T5 AWD
MSRP: $48,100
Selling Price: $38,100
Monthly Payment w/tax: $389.11
Drive-Off Amount: (1st month, acq: $0, doc: $220, govt: $31)
Months: 36
Annual Mileage: 15k
MF: 0.0003
MSDs: 5
Residual: $24,050.00 (50%)
Incentives: VCFS $3,250 Lease Bonus
Region: MI - Metro Detroit
Tax: 6%
Thoughts? Appreciate any help in advance–first lease.
Your numbers don’t make sense. Are you trying to put together an offer or is this an offer from a dealer?
20% pre-incentive on a non-loaner and a magically disappearing acquisition fee doesn’t check out
Might be from @Benedetto’s spreadsheet lol
Have a quote with no acquisition fee and a selling price offer within $1500. Have not yet confirmed whether a loaner.
Acquisition fee generally isn’t listed on offer sheets. It still applies.
Did they specify the selling price is pre-incentive? Dealers normally provide a selling price with the Volvo allowance/dealer lease cash included.
Can you clarify what you mean by “within $1500”?
The offer sheet shows the Selling Price of $39,536 further reduced by the $3,250 in lease program incentives.
I’ll need to confirm acquisition fee and whether VCFS lease program applies to loaner.
Lease programs do apply to loaners, although you need to adjust for the mileage penalty.
18.5% pre-incentive on a loaner, with the acquisition fee on top is much more realistic
Great. Thanks for the guidance. I’m going to adjust my offer accordingly.
I’m curious which V60 CC loaner in metro detroit this is…
I’m aware of two. I tried to deal with one at a particularly large dealer group on 12/31. They took 2900 off loaner price of 44k. Best I could do was $530 (I think) with zero down. 36/12. They were very firm and wouldn’t budge anymore.