Hello. I have a situation here. I’m looking into a handful of new cars to replace my current one. The 2024 Volvo V60 Recharge is one of my finalists.
Through the Costco Auto buying service, I found a dealer who has given me a very good price. I’m located in VA but the dealer is located in MD. I’m looking at $73,450.51 OTD.
I was contacted by a dealer in VA who offered me a different option: lease the car, pay three months, then buy it out. I’m attaching a copy of his proposal below. Columns 1 & 3 are for a fully loaded option for the vehicle and columns 2 & 4 are for the base car with no options.
Doing my math for the second option I’m looking at ($1,233 * 3) + $65,798 = $69,497. That ends up being nearly $4,000 less than the purchase route through the Costco dealer.
Does this sound right to anybody? When I was looking at EVs last year, I remember seeing these lease options being advertised through the dealer and haven’t seen anything from Volvo around this. The dealer in VA also mentioned they are using the XC60 VINs but this is for a V60.
This seems too good to be true. Is it? I have never bought a car this way and would prefer not to have any surprises. This sounds a bit more complicated than a straight-up purchase, but almost 6% off the purchase price is a lot for me.
I can ask the questions to make sure that this is a deal, but there has got to be some catch to this right? The other thing is that they technically don’t have the car yet and are looking to acquire from another dealer. I’m not opposed to waiting but I don’t know if games are being played.
5K over MSRP? Sheesh. These things don’t seem to stay on the lot for long and I don’t think I’ve seen any for below MSRP. Makes me think I should just go for the Costco deal. It makes no sense how the other dealership can leave that much money on the table. Unless they get rewarded for volume sales?
Yes, assuming this car doesn’t qualify for the tax credit on a normal purchase — this is the way to do it especially in a place like Virginia. You’ve already paid tax on the entire car at lease inception and so you get to buy it without any additional taxes.
I leased a V60 Recharge recently. Was it a good deal? No. Was it the only car I wanted? Yes.
$2k off MSRP plus the $7500 EV cash and $500 loyalty. $0 DAS and $1,130 a month.
I got lucky with the discount somebody cancelled their order and I swooped in. This dealer never sells for over MSRP but I know many tack on $5k or $10k which is wild because these aren’t rare. Volvo is building a lot of them. I guess when you have the sub-$100k sport wagon market to yourself that happens.