Year, Make, Model, and Trim: 2020 Volvo XC90 T6 Momentum
Monthly Payment: $ 429.48
Drive-Off Amount: $ 429.28 + $4500 MSDs
Annual Mileage: 12000
Residual: 60% minus loaner mileage penalty (2975 * .2) = $35,810
Incentives: $1250 Costco + $3300 lease cash
Leasehackr Score: 12.1
Leasehackr Calculator Link: Click here
Huge thanks to all those that pitched in and answered questions in my other thread. Reached out to every dealer within driving distance that was advertising loaner XC90s and this dealership’s initial offer was basically 16.5% off (pre-incentive) but with a marked up MF so thought that was a pretty good start. This was a Thunder Grey loaner with 2,975 miles on it. We weren’t really picky on the color but really liked the Thunder Grey once we saw it in person.
Got them to offer buy rate MF, cut half of their “add-on” fees, and initially agreed to an estimated deal of $451 monthly, $451 DAS, $5000 MSDs. I couldn’t get them to budge on their $799 admin fee but decided the deal was where I wanted it so I’d just suck it up. The numbers came back from Volvo financial better (don’t really understand how…lowered the dealer fees in the calc to account for the lower monthly/MSDs) so that was a win. DAS is actually first month’s payment + MSD but the leasehackr calc link assumes $0 (first month rolled in) for simplicity’s sake. I wish I would have had loyalty/first responder (another $1250 in NC) and this would have been smoking!
Again, huge thanks to the community, this place is a wealth of information and can pay off dividends if you’re willing to put in the modest amount of work required to learn. I had just started browsing the forum when I “hacked” my first lease on a Kia Sorento but have been watching the threads weekly since then to get ready for our next lease when the Kia is due for return. Really happy with this deal and love the whip!