Will be 7th vehicle, but 1st time leasing to take advantage of the EV incentives.
Hoping for an idea of how far off I am from a good deal. Not interested in an early or lease end buyout.
DMV Area
2024 XC90 Recharge Ultimate
$80,895 MSRP
$15,000 discounts including EV incentives
Edit: $7,500 EV incentive
$2,500 Volvo EV Lease Cash
$500 A-plan Rebate
$5,500 Discount?
36/mo
7,500 mi
$3,500 drive off includes 1st mo payment
$999/mo
Updated! I’ll have to get official break down on paper tomorrow. Was told on the initial “napkin math” there were $15k in incentives that includes the EV cash
That’s an effective monthly payment of almost $1,100. That’s way too high. My wife has that exact car (but the MSRP was over $2k higher due to bells and whistles) and we pay about $850/mo and put no money down. Have you looked at what the brokers are offering?
I think brokers are at double digits off MSRP pre-incentive. I’m shopping for a xc60 t8 at probably the same dealers you are and I’ve had 3 get me to 12% off pre-incentive. Not the same vehicle obviously, but keep working them if that’s the car you want, you should see a bigger discount.
It is in your best interest to never ask a dealer how much they want you to pay, but even more so, to never go into that conversation without already knowing what a good deal is. Take a gigantic step back and put together a well researched target deal before you consider talking to a dealer again.
Incentives keep it from being double the price per mile if I were to finance/buy over the same 3 years and 22,500 miles. Not going to drive more just because I’ve purchased it.
My point was only one why incentives. But I still want to hack the lease of course, show me a comparable PHEV under $1k/mo and I’ll happily reconsider my vehicle choice
The incentives aren’t really doing anything for you. The same payment could be achieved by $0 rebate and a lower MF/higher RV. But the rebate only exists on the paperwork because customers want to see a rebate on the paperwork. It’s complete vaporware in that sense.
What do you consider a comparable PHEV? Usually when someone asks that question it ends up being rhetorical because they’ve constructed a goalpost that only one, their predetermined outcome, can get through.
Pit the dealerships against each other. Bethesda doesn’t seem to like to give a sale to DARCARS. Falls Church will also play game and seems to hate losing deals to Bethesda.
This is what it was like when I last purchased, but I have a feeling it is still the case.
Appreciate the insight, thanks. I’m just looking for a 3 row PHEV that’s not constantly at the dealership for recalls (ie Mazda CX90) that can be had for under $1k a month