Leasehackr broker. From a well-known organization with lots of positive reviews at that (not sure if it’s in bad taste to call out names directly). Don’t want to automatically pin the blame on the broker, as other external factors may have influenced the final terms, but it’s good to hear what others that have more experience with leasing have to say.
any reason this is a 24 month lease? the 36 would have been significantly cheaper. but yeah, this is fairly weak. All-in, around 3800 back, including lease cash, however much that may be in socal (if you got it from there).
Enjoy the car in good health and don’t look back on it, it’s signed. For reference you are paying the $10 less than I am for a 70k XC90 t8 expression at 36/15. Also done by a broker here in Northeast.
Assuming you leased last month and didn’t get any a-plan\affinity and conquest incentives here is the calculator: CALCULATOR | LEASEHACKR with 7.59% pre-incentive dealer discount.
Your monthly could’ve been $655 for 36 month lease instead of $789. You could have saved roughly $50/mo by applying MSDs. And lastly don’t forget to apply for $500 bonus drive rebate.
mllcb42, I’m not sure if I know exactly what you’re looking for. Looking at my lease agreement, there were 0 capitalized cost reduction and 0 rebates and noncash credits. Let me know if that’s not what you wanted to know.
Thanks for sharing your thoughts. The 24 months is something that I specifically wanted due to my career. My broker did flag it would mean paying ~$200 more in monthly payments, which was fine for me.
Would you mind explaining what you mean by the 3800?
Given that you didn’t get any other incentive other than $2k lease cash, didn’t put any MSDs, and chose to go with 24 months lease I’d say you got a decent deal with 7.59% dealer discount under the current market condition. If it makes you feel better, the lease incentive is cut in half in September and MF is higher compared to last month. So you’d be look at > $1k more in total payment had you leased in September with the same dealer discount.
Volvo allowance/lease cash is a direct to dealer incentive, so on the contract, it gets rolled into the selling price. From what others are saying it sounds like there was $2k in lease cash here, making your actual selling price before incentives $53425
Hard to MMQB the numbers, deal is the deal (OP join VVCCA so you can at least get A Plan discount next yime), but I would have structured this differently (big surprise): $0 DAS with 10 MSDs $8500
— which brings the payment up - but if you exit this lease two payments early, you win (and more-so every month you exit, Volvo currently has 6-mo pull ahead on XC60). In a closed-end Volvo lease where the only early-out is a PA or trade on another Volvo, I’d find a way to make VCFS eat it.
@car4tennisbags you won’t regret your decision, you did fine in this environment and your goals. Enjoy your XC60!