Thankfully the finance manager was competent and as soon as I mentioned MSDs she started checking if I could buy down the rate but as low as it was she said the difference was literally insignificant and from what she could tell there was nothing available. She was very nice, open and honest with me through the entire transaction. It was actually the first time I have purchased a vehicle where I can say they were pleasant to deal with and didn’t pressure me.
How much effort is it for the to work out MSDs? I assume they have to make some calls and such?
They don’t need to make any calls. Just enter it into the contract. Too late now since you already signed though.
No calls. When I was signing last month the finance guy just typed it into the system and that was it.
I see. Oh well.
Maybe when someone else leases an XC60 I can see if they were able to buy the rate down with MSDs.
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Darn. Hindsight is always 20/20, .00009 is incredible. I am not too hung up on it though. The MF is still good without any MSDs.
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There is for sure at least $1k in bonus cash from Volvo on that car so your discount was more like 6%. Not to belabor the point as others have already said but you did not get a good deal here bud.
The moral of the story is I have hardly seen someone who signed the lease and THEN ask if they got a good deal obtain a satisfactory answer. It is always better to ask BEFORE you sign.
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From what I could see there was only $750 in bonus cash for the vehicle.
A lesson here is that many people think MSDs don’t matter in situations where “the MF is still good without any MSDs”. MSD’s make sense in all situations where the post-MSD MF is above zero (unless the MSD program itself is crappy with a low payoff per SD).
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I think that is only on the Momentum model.
If you look at the calculator, this is a $64,755 XC60.
You did pretty well, and honestly all that matters is that you love the car, and I’m assuming your monthly payment worked within your budget. Sure, I got the MSDs low but I probably could’ve gotten the sales price lower if I wasn’t so hungry for that specific car… As you said, hindsight is 20/20. There’s always a million more things you could’ve done according to this forum. You’ve done better than many other XC60 leasers; this model just doesn’t lease well like the S90 or XC90.
You got the car you wanted, it’s fully loaded, and the driving experience is just so incredible. Try not to beat yourself up about it too much and enjoy having the best SUV on the road! 
It is simply not true to say that “MSD’s make sense in all situations where the post-MSD MF is above zero” . For example, let’s say the MF is already very low, and you are allowed to put down $2k to end up saving $50 overall. Well… that $2k would be much better invested elsewhere. You just have to calculate the ROI.
Uh - that is why I gave the caveat that you have to look at the MSD program - I said “unless the MSD program itself is crappy with a low payoff per SD”. There aren’t many MSD programs that only yield 2.5% as in your example - that would qualify as “crappy”.
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Multiply $50 each month of lease. Show us where you can make $50/mo on $2000.
Well, maybe loaning it to the guy who needs $400 for his lease payment in 3 days. Lol
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Ha - for sure. I assumed the $50 was an annual savings in his “example”. Hopefully even the above poster would see the merits of a 30% after-tax return if it were $50 per month for $2000 in MSDs.
Fantastic car. Absolutely terrible deal. But at least you have a fantastic car. Enjoy it.
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