you’re at best break-even on the 2021. the other one should be sold. if TN is a state that delivers title very quickly, we should have a conversation. If it’s more than a month to get title, i likely can’t help.
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Very sorry to hear about your situation. Group condolences.
Aronchi’s solution above is probably the best way to extract some money out of the situation, re title question, some states are slow on titling due to the pandemic and other backlogs.
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Ok, so give mine, the T5 back to Volvo and pay off his T8 and sell it? How do I find out if TN is quick or not?
I forgot to say these are XC60s not 90s
i mean you can. if you dont want to, i’m sure i can get at least the t8 bought from you.
Here is some reading on how to turn in while minimizing cost if Mike’s option doesn’t work out
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Ok, can we speak privately? and how much will those “fees” be?
feel free to call me tm at 732-779-2587. i’m post booster today so i’m out of it.
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they won’t speak to me without me faxing them the POA and I haven’t been able to do that today
tomorrow, not today please.
gotcha, I misread your words, I’m sorry
also, I just checked mileage, his is 22K, mine is 4249
Just to echo a lot of what was already said:
- very sorry for your loss
- If @aronchi can help you, excellent. While he’s post-booster
- You can login to VCFS and get the payoff for both Volvos through the website. If you end up calling, another question to ask is whether your husband applied Multiple Security Deposits (MSDs) - if so you should get those refunded after the car is sold/returned
- You can also get quotes from the car buying services, as-if you have title in your hand, just to see what they are worth on open market (takes a few minutes).
- Once you know how much equity you have, if any, you can decide (I trust Mike, but he also doesn’t know how your husband structured those deals).
You can also contact your Volvo dealers to see if they can buy your leases without a trade (probably not - they were restricted to only buy-out leases on trade, but worth asking).
Before you unload both vehicles, please consider if you still need 1 car, and if so wait to return the one with little/no equity. It’s a terrible terrible market to be car shopping, please don’t hand that over and then decide you need something “cheaper” - only to discover nothing is cheaper.
I’m glad you felt like you could post this question and trust strangers to help you sort this out. A lot of good people here who won’t take advantage and point you in the right direction.
Best wishes as you sort all of this out.
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Contact the Volvo dealer- and ask them you want to sell the car to them. They bought my 2019 T6. I had like 7-8 payments left. After VFS got paid, I ended up with like $1900 paid to me. Dealer put it on the market the next day for 5k more than what they bought it from me. I don’t think you will profit much with Volvos. How many payments you have left on the T8 and what is the buyout price?
Wow that is a lot of helpful info and admittedly, a lot of wording I don’t understand but I will learn.
You are very kind and I appreciate you.
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When? Volvo has made some policy changes regarding buy outs.
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I felt like the Volvo customer service person was too eager and pushy so that would be my last resort I think. They’ve been great until now, maybe I just got two of their hardcore people on the phone today. Both cars were shipped in from other states for us. But now I get the greedy vibe.
I love love love this car and to answer the question above, yes I absolutely need a car but the payments are hefty and unrealistic. I’ll probably find an older Volvo that suits our new life better.
I don’t really feel comfortable sharing the dollar amounts but his lease will be up in the summer I think. I got mine for valentine’s day so it’s not even a year into the lease yet.
I called the dealer I bought the car from and took care of it. I called another Volvo dealership nearby and he said VFS doesn’t allow them to buy the cars. But the dealer I bought from had no problem. This was in later Aug early sept.
You want to talk to someone what works/handles inventory. At least that’s what this guy referred to himself. Others may just want to try to sell you another one. Good luck- sorry to hear you going through a lot right now.
Another option is to find a local or relatively local Volvo dealer that is independently owned and has been around forever. Then ask to speak with the owner or general manager, explain the situation, gauge their level of empathy, and let them sort through it with you.
You may leave some money on the table but not as much as if you speak with a random salesperson at the dealer, who may either try to rip you off and/or not fully understand the best way to handle it.