I have 2019 XC60 T6 Inscription with <20K miles. Lease expires in June. Residual is $34K. Can you help me decide what to do when the lease expires?
Negotiate return to the dealer to get in on a new XC60 and hope he will give me a discount.
Buy the car out with cash and sell to CarMax at ~$4K profit. Sucks that no 3rd party buyout on Volvo.
Finance the car and own it for 2-3 more years and sell then.
What options you like the most? I am leaning toward financing and owning for a few years. But I am very unfamiliar with the process⌠If anyone can briefly map that out - it would be very helpful.
Hello. My lease on Volvo expires on June 26th. When do I start the buyout process?
Can I start the buyout process right after my last payment on May 26th, or does it take more time? I donât want to end up in the position when Volvo financial will tell me âtoo late to buy it out nowâ⌠thoughts? I will need financing.
If I want to try and sell the car back to Volvo and benefit from the difference between residual and the price that Volvo will pay , how soon before the lease end should I start visiting dealers to get their quotes?
Yeah, you return it to them and pay that fat dispo fee, then they make that money. Why would they need to buy it from you when they can just get it back without having to pay for it.
Ok. So let me get this straight. If I want to sell my car after lease end, I can only sell it to carmax, carvana, etc or private, but I cant sell to the Volvo dealer?
Thank you. Can I sell the car from Volvo financial to Volvo dealer without paying taxes on the car?
Meaning tell the dealer - âhey Iâm not going to buy this car, but I will allow you (Volvo dealer) to buy it from Volvo financial, cut me $3k checkâ.
I read somewhere that this is an option, but I may be wrong. Sorry if this sounds dumb.