Deal check - Volvo C40 Recharge

Ask the Hackrs
1

Hi all,

I’ve been shopping around for a Volvo C40, looking to trade in my 2020 XC40 R-Design lease in (10 months left on lease). This one dealer near me has one in stock and ready to sell, but the numbers don’t make sense to me:

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Why does the adjusted cap cost go up 3k when the fees are 1.6k? Taxes? I’ve looked around the forums and calculated the depreciation/rent cost plus taxes and the numbers are lower than $853 for 24/10k, but maybe it is just my inexperience in calculating this. I know the C40 doesn’t lease with the best numbers but just looking to understand.

Thanks!!

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2

What’s in that $8000 discount - does Volvo pass along the $7500 tax credit on leases or is that some trade equity?

Have you considered financing?

3

Did you check the MR and RV on Edumunds.

4

it’s 7500 plus loyalty.

are they giving you any trade equity? it doesn’t look like it.

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5

Volvo give 7500 on the lease?

6

they pass it on the c40 and xc40

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7

probably won’t be able to find at all.

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8

$8000 is the 7500 tax credit and 500 loyalty

9

The $5k “customer cash” is the trade equity

10

Holy moly these lease horribly. OP, have you checked the MF and RV over at Edmunds? Assuming this is marked up, deal might look better with base MF and MSDs but idk how much better.

11

How does your state handle sales tax for leasing?

12

Do you have the money factor and the RV from edmunds? Something doesn’t seem right at first look.

13

PA lease is 9% unless in (Alleghany or Phila county)
So an 853.10 payment should be broken down as 776 payment and 77 tax

Have you thought about financing it? 6 yr loan with that same money down/trade would be slightly less per month

14

Ehhhh… If this is the dealer I think it is - and the sheet almost guarantees it - I’d pass.

Berwyn right?

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15

The lease MF appears to be 0.0031 - is that just a huge markup? If not that’s a really high rate (7.4%) even in this interest rate environment. DCU is still < 3% on a finance as I’m sure other banks are.

16

You seen Audi rates lately?

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17

I checked on Edmunds and this seems to be the MF for this model/zip

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18

Not Berwyn, that was the one dealer I didn’t go to coincidentally

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19

I just got a quote on one of these with a .00383 MF and a 50% RV. Full $7500 EV does pass on the lease but with that interest rate and RV it leases terribly. Pass IMO.

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20

Berwyn is good.