Hello Leasehackers. I’ve posted on Edmunds, but this is first time here.
I’m in Northern Virginia, looking for thoughts on when to start shopping for a new Volvo lease to start in July. Current lease on $43K MSRP 2018 S60 T5 inscription ($450/mo) ends July 25. Love it but but not buying and not enough equity for trouble (Carvana quoted close to buyout).
My goal is to find a good deal on the same model/trim/engine, but I’m open if an XC60 is a better deal (I have Costco). I’ve watched inventory levels within 100 miles since mid-May - not moving.
In 2018, my discount (late July) on my $43K MSRP was $8,500 ($3,500 Volvo allowance, 2,750 lease bonus and $2,250 dealer discount (5%)). MF was .00022 no MSDs, Residual 50%. I’m dreaming of a repeat performance.
I’d appreciate any thoughts. When would you start shopping? Do you think there are many like me waiting to grab inventory on July 1 if Volvo satisfies our dreams? Or is better tactic to wait until mid-July? Alternatively, do you think a lot of the inventory will be gobbled up in late June when quarter ends and dealers might be more willing to discount more? I haven’t used brokers before - would you?
I’d appreciate thoughts on any of these questions. Thanks.
Nothing to gain by waiting. The 21s are all out, the 22s are not coming until August /September. The current car shortage means end of model year discounts have not been happening.
I’m looking a 2021. Unless I’m missing something, the inventory of S60 and XC60s within 100 miles of the NO VA area is in the hundreds of cars. I would think the dealers and Volvo would be anxious to move them, which is why I was hoping for July incentives to be very good. Where is my logic going wrong?
