Hi all- new to the forum. Currently looking at lease opportunities for the Volvo XC90 plus in hybrid as well as the Jeep Wagoneer. Leaning towards the XC90 and my wife has negotiated the following:
MSRP: $82,365
Sales Price: $76,247 (7.5% off MSRP)
Gross cap cost: $81,745 (with govt fees, proc/doc fees, capitalized taxes and acquisition fee)
We are trading in a BMW X7 for which we would get $47,000 but still owe $51,000, so negative $4K in trade equity (we did a BMW Select Financing Purchase 3 years ago that has the reduced payments upfront and the balloon payment at the end- regret doing that in hindsight)
$8,500 rebates
Net Cap Cost $75,413
MF: .00296
Residual Value: 54%
No Money Down
Payment: $1,218