Close to a leasing a XC90. Let me know if you think this is reasonable – or if there might be areas to improve.
Year, Make, Model, and Trim: 2020 XC90 T6 Momentum (7 seats)
MSRP: $62,175
Monthly Payment: $552 incl 9.5% tax
Drive-Off Amount: $1500 + MSDs
Months: 36
Annual Mileage: 10,000
MF: 0.00141
Residual: 61%
Incentives: Loyalty ($1500) + Costco ($1250)
Region: Ca
Thanks leasehackers!
You’ll want to break out the rest of the incentives to compare pre-incentive discounts. You’re missing the Volvo allowance/lease cash.
Thanks. Looks like lease cash is $2k. Is there an additional “allowance”?
Anyway updated in here (not sure I put the 2k in the right place but its under “untaxed incentives”).
If you pulled the info from volvo’s website, it’ll list which of the two (or if both) are available. Varies by region, trim, model, etc.
Putting it in untaxed incentives is the right place. Looks like you’re at 8.5% pre-incentive. There’s a little room for improvement there.
What is difference between volvo allowance and lease cash? Do you know region/zip code where both these items are available? I’ve only seen lease cash on their site.
Gotcha. Thanks for the clarification.
Thanks. Looks like $2k is the right number for my region.
Is anyone still seeing 10-12% discounts pre-incentive (ie before the lease cash is considered like mllcb42 is suggesting) on these in CA? I’ve had 2 dealers tell me take the other deal (y can’t trust them but they’re saying its a pretty good deal vs. just walking away).
If it matters, this is a T6 7 seater with the advanced pack. Again thanks all.
I’ve gotten that line from dealers more times that I can count, and yet it never really holds true
Volvos selling well lately and there may not be volume incentives for dealers to discount as “normal”.
Are dealers getting any new inventory of 2020 or what they have on the lot is what is available before 2021s come? Have they gotten new shipments since March/April? Any ideas?
Dunno. Brokers like @nyclife, @Benedetto must know.
Thanks for all the help leasehackrs! Found another rebate / incentive (penfed) and got the dealer to nudge the pre-incentive discount up to 9%. Still shy of the 10-12% mark but fine with where I ended up given there weren’t many of the spec I wanted locally and the costco / penfed deals (may) end tonorrow.
