Just took delivery of a 2023 XC-60 Core AWD given the awesome incentives this month as I attempted to capture any equity in my '21 S60. Sharing details below:
MSRP: $50,340
Sale Price: $45,668 (~9.48%)
Incentives: $6250 (Loyalty, Costco, APlan)
Term: 24 / 10
Monthly: $362 base + $32 tax = $394 Total
DAS: $2700 in the form of lease trade equity + MSDs
Region: NJ Deal Link
What made this deal particularly good for me is the fact no other dealers would give ANY equity on my S60. Whether they inflated the number over their ACV in lieu of greater discount or are just taking a big risk, this netted out as a much better deal I could find anywhere given the equity.
Thanks! I’m not sure I understand the question – The equity is reflected in the calculator as a separate line item, and was applied as cap cost reduction on the contract (in addition to the rebates)
Ah, got it - nevermind, the calculator was acting funny on my phone, but on desktop the numbers make sense. Looks like you’d be at around $518/mo without the equity? That’s the part I was trying to figure out. Congrats on the deal!
Yep. The thing is out of a couple brokers and a bunch of dealers, No one would give me any equity (not blaming them). The fact they had this discount + nearly 3k in equity really sweetened it.
They duplicated this deal with 2 family members as well.
My impression was that consumer rebates (e.g. Loyalty, costco, a plan) are taxable, and direct-to-dealer incentives are not, but happy to edit if I need to.
Updated calc link in original post slightly to try to get it to match the contract and realizing my fees were off by $100. I assumed the data dot add in goes into the Dealer fees section of calc. If I entered correctly, I think this puts it at 9.48% discount before equity & incentives.
My only issue: If I take the sale price listed in the contract + add the incentives which are rolled into that price (APlan & Costco), I’m left with a number in the calculator which is too high given my payment & DAS. I have to manually adjust the sale price lower to match, but I can’t figure out how that sale price is reflected in the calculator at all.
$569 + some absurd amount due at signing, no doubt (probably $5k). Manufacturer ads are a great benchmark…for a terrible deal. But sadly, they are effective.