Deal Check: Volvo XC40 Recharge

Ask the Hackrs Buy/Finance
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1

Hi Guys,

2023 Volvo XC40 recharge ultimate in
MSRP: $61,640
Dealer discount: 6000
Net price: 55640
EV lease rebate: 7500
loyalty rebate: 2000
Other rebate: 750
Total purchase price: 45390

lease 24 months/10k
residual value (61%): 37,600
registration and fee: 1329
cap cost increase: -2985. ( what is negative cap cost ?)
sales tax CT : 872

monthly payment $784

I am not able to replicate the price using the calculator. Its getting close if i roll in taxes and fee in to calculator ($768) and that small difference could be just money factor. Should i roll in tax and fees into the lease? what is negative cap cost increase of -2985 ? The purchase price seems good but for a 45k car, lease on 2yrs with 10k miles at 784 per month seems high

I also currently have a 2021 XC40 T5 inscription with lease up end of July. the buy out end of lease is around 28k before taxes. The dealer has given me a trade in of 33.5k now. Should i trade in this for the new lease ? We need a second car at some point and i dont mind buying my current one end of its lease but in no rush to have the second car and can trade in this if it makes financial sense.

Is trade in similar to down payment in some sense and if for some god forsaken reason car gets totalled, I wont recover the trade in 33.5k ?

2

How are you getting to 784 with those numbers?

3

that is what the dealer is giving with those numbers…so i am not sure what i am missing

4

why are you doing a 24 month lease? not a 36

5

dont have any particular preference

with 36 months/10k
residual value is 52%, 32053
monthly payment is 756, so not much difference

does it make sense with 36 with the above numbers ?

6

Something’s off, i think. Tell the dealer to send the quote on like a sheet

7

thats what i thought…just cant figure out what it is. what should it be around purely based on the below details

2023 Volvo XC40 recharge ultimate in
MSRP: $61,640
Dealer discount: 6000
Net price: 55640
EV lease rebate: 7500
loyalty rebate: 2000
Other rebate: 750
Total purchase price: 45390

lease 24 months/10k
residual value (61%): 37,600
registration and fee: 1329

8

check with @aronchi or @stellarauto

9

ok thanks, sent them a message

10

Cmon this is just insane. How are we even contemplating this?

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11

Sorry totally confused about the numbers, little more color on which part doesn’t makes sense helps

12

In short, 784 is not xc40 money. There is brokers who have xc90 t8 recharge plus for that money almost

13

Got it, that definitely helps

14

Is this riley volvo or gengras volvo?

15

Riley but got even worse at others

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16

You check westport?

17

I know the GM there…good luck, hah.

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18

Mike Dillon?

19

Yup. That’s him. Nice enough guy, but they really don’t budge on pricing. His pricing was better when he was at the Manhattan store. But, it’s the end of the month and he may be trying to make numbers, so you never know.

20

Lol it was different when i got my car. Manhattan was like 535 and 5k das while Mike at westport agreeded to like 460 taxes and fees only. 799 dealer fee though

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