Newbie Question: Volvo Leasing/Incentives

Ask the Hackrs
,
1

Hi all,

I’m new to the leasing game having never done it before. I’m 99% sold on leasing an XC90 B6, but am not in a rush.

I’ve got a reasonable deal worked out with a dealer about 2 hours from my home that closely (enough) matches the LH RateFindr calculations where they should be.

My main question is: What are the chances/risk that the Volvo incentives for October (or November) will be worse (or better) than September’s? I’m only eligible for the current $3250 VCFS lease cash and $500 A-plan (no loyalty or affinity). I paid for a Costco membership as a hedge before 10/1 in case they decided to do a Costco incentive next quarter on the recommendation of a post I saw elsewhere on this forum.

Thanks!

2

Only $500 a-plan is guaranteed, with the 0.001% that it will increase.

3

Ratefindr doesn’t calculate a deal.

So what’s the pre-incentive discount you found and what rebates are you stacking?

Post a link to your LH calculator

4

Sure. Calc Link

$66,230 MSRP
$11,362 Discount (includes $3250 lease cash), $8,112 ‘real’ discount
$1,198 in dealer add ons for paint protection, etc. (will be removing in final deal)
$56,066 Total Purchase

$2,995 DAS/$610 month including taxes & fees for 24/10k.

5

If it were me, I wouldn’t put down the $2,995. Put down zero and just pay first month. Others (not many) will disagree, but the MF is 4.22% and you can make that or more with your money in a savings account, so why have Volvo hold onto your money? There’s also the issue of risk with putting money down, which has been discussed quite a bit in this forum.

Are you saying that the dealer fees aren’t actually $3,088 because they’ll be removing $1,198 of that?

6

Thanks for the input. That’s a good point.

No, dealer fees will stay the same but it will bring purchase price down to $54,868.

7

Have they agreed to remove them?

8

Yes (also included the LoJack-type thing too in that cost that isn’t needed).