Looking for feedback on this deal.
2024 Volvo XC90 Recharge Plus 24/12k
MSRP $79,265
Rebates: $7.5k EV, $2k lease bonus, $1k costco
Dealer discount: $6.5k (8.2%)
Sale price: $62.265
Sale price + fees: $64,431
Cash down $5,000
MSD’s: 10*$750 each
$707 monthly payment ($645 pre-tax)
Appreciate your help. I’ve learned so much from this group.
There MIGHT be some more meat on that bone, but it looks ok much better than the person paying $1100/m for a XC90 Ultimate.
Edit : a 36/10 would bring it down under $600, I am wondering if the 24 is what’s making that so expensive.
Yeah, all the '24 deals I’ve seen seem to be inverted: the 24/10’s are cheaper than 36/10’s. Perhaps volvo is just reconstructing their loan book?
I wish there was a 2023 nearby! I’d grab that in a heartbeat.
My main concern is the $5k down and 10 MSD’s and whether its worth the reduction in monthly. MSRP discount seems on par with others in the forum.
Need to separate the discount from all the incentives aka rebates
What’s the pretax payment?
Good call. Just edited the original post with discount/incentives: $10.5k incentives, $6.5k discount
Pre-tax payment of $645.
Almost $900 effective doesn’t really pass the smell test for a XC90. Not when it’s an obsolete model urgently needing replacement. And not when a newer model like a Mazda CX90 can be had for like ~30% less with more and newer features.
Nor does the concept of a 72m spend (3 x 24m leases) of almost $64k for a car that can be bought for around the same amount plus tax. Why would anyone leave that kinda value (let’s say $20,000?) on the table
Thanks everyone. I walked away from this deal. Dealer wouldn’t move from ~$900/month effective. Looking at other deals it seems like $800-$840 effective is possible, but takes more work.
I’m working on a 36mo/12k deal right now and I’ll post once it closes on a '24 XC90 T8 Recharge Plus.
@aronchi any reason why deal in CA is not even close to TriState? Appreciate your input
Max_g Can you please elaborate on the $20k that would left on the table in your example? I don’t quite follow.
It’s not an exact number obviously but how much equity would a six year old XC90 have? As opposed to making lease payments over 72m and accumulating 0 equity.
After all a gas car can be bought on day one or a PHEV can be leased and bought out within a month.
Makes sense, thanks. Hadn’t looked at it this way before but definitely seems to apply here.
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