My wife only wants this specific car and color, so asking for general advice since this is my first leasing experience. We are in Northern California, and also unfortunately need this car before the end of the month. Let me know if I’m missing anything and thanks for the help.
XC60 plug in ultra, 36/12k. $63k MSRP, $733 a month without tax ($797 with taxes).
Did you check the marketplace here?
Many brokers offer Volvo deals.
How does it compare to it?
ICE/gas model is around $140/m cheaper.
If you must have this car and the deal is better, go for it.
BTW ~$850/m effective for XC60? Wow. Is it Ultra Trim?
Check this and other brokers.
Unless I’m missing something, it’s actually $913/month effectively 
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OP run for the hills and take up one of the great broker deals available around here. The one Zenek posted looks like it’ll save you thousands and thousands of dollars.
Unfortunately I checked with some brokers on here in the area and they do not have any inventory in Northern California for this car. Would have to pick up in Southern California which is difficult right now due to scheduling.
Can’t ship it?
Reach out to SoCal dealers directly. Most should allow you to sign electronically and have the car shipped. Usually great deals will require some flexibility and extra effort on your part.
Any reason to pay $150/m more for phev vs gas unit?
Brokers in the Marketplace can do deal remotely and ship.
Atrocious value. If it has to be this I would apply MSDs and pay the upfronts.
$250/mo in rent charge 
You can do much, much better than what you posted. This deal was 3 months ago with a sticker $13k more:
Solid discount, but you stacked Costco and ABA v1 incentives, I believe got 2 addition points on residual, and Volvo made your first payment.
~$33k to lease a car effectively selling for 55 plus tax?
You must be out of your mind. Have a legit conversation about why this is so massively overpriced as a conventional lease. And if you still want it after that then buy it out immediately after leasing it.
Yes, it was said it was 3 months ago and it wasn’t said the same deal was available now. Was just making the point that better deals than his proposal are out there.
Sheesh!
Is someone able to help explain to me how much buying the lease out immediately would cost/save me if I ended up going with this one?
In simple words, it is your due at signing plus (adjusted cap cost-section 9 from your contract ) minus (rent charge section 12) plus - when you buy out the lease - sales tax, title, registration, etc. Not mentioning here cost of financing
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