Looking for a lease deal on Volvo XC90 Hybrid T8 Plug-In currently great incentives somewhere around 12K, but money factor that is being offered is .00418 .00318 is the lowest he would do, they are saying Volvo is setting the MF. Does anyone know if this is correct? Making monthly payment of 760+
What can I do or say to negotiate this deal? Called another dealer the similar Volvo lower sales price but higher monthly payment.
Any help is appreciated. I’m so ready to buy
You do. Just go to ratefindr and see for yourself. Also, you need sales tax credits in TX for this lease to make any sense.
Lease hacking is all about timing and selection. Unfortunately you’re looking for the wrong car at the wrong time. Nov/Dec 2024 was the time to get these.
For March 2025 you’ll need to look at other makes and models.
One…you aren’t providing enough information to truly evaluate your deal.
Two…by only glancing at the info you provided, that monthly may not be that high because of TX sales tax.
There are so many pieces of the puzzle missing in your post.
Here are the lease details provided by the dealer (see below). My main question revolves around Volvo Finance versus Bank Financing. If we choose to lease through Volvo, does anyone know if they are offering money factors (MF) lower than 0.004 or 0.003? This significantly impacts the monthly payment unless I make a larger down payment—and yes, I’m aware that putting money down on a lease isn’t ideal. Currently, the dealer’s website advertises $441/month with $8,000 down.
MSPR -74,475
Residual - 67% -49,898
Term 24/ 12K Miles
MF: .00418
Sale Price: 69,475
Rebates: 12K
Cap Cost Reduction: 1,192
Capped Fees: 1,440
Taxes: 689
Adjusted Capped Cost: 58,412
Amt due at start: 2,000
Monthly Pmt:807
You do - Part II. Go to Ratefindr and look at MFs for the cars you are interested in. You can lower MF with MSDs. You can’t lease Volvo cars through other banks, anyway.
That MF is a non-starter for me regardless of what type of vehicle. Have you looked at simply buying the vehicle, or leasing with an immediate buyout to cut down on the interest payments?
Don’t be one of those early adopters who get slaughtered.
This is a minor refresh of a car that was on massive fire sale in December
Sent you a DM