Signed: Volvo XC60 not sure how to enter into calculator

Signed Deals & Tips
,
1

Having some trouble understanding how to make sense of these numbers in the calculator. It’s not adding up or I’m entering something wrong.

Year, Make, Model, and Trim: Volvo XC60 T5 Inscription
Climate Package
Advanced Package

MSRP: $57,350
Selling Price: $50,753
Monthly Payment: $579
Drive-Off Amount: $579
Months: 36
Annual Mileage: 7500
MF:
Residual: $33836
Incentives: $1000 Loyalty
Region: NY
Leasehackr Score:
Leasehackr Calculator Link:
Rent charge: $2024.70
Total base monthly payment:

Screen Shot 2020-12-02 at 10.04.45 AM
Screen Shot 2020-12-02 at 10.04.45 AM1704×1636 651 KB

Screen Shot 2020-12-02 at 10.05.26 AM
Screen Shot 2020-12-02 at 10.05.26 AM1620×860 354 KB

2

If you post a link to your calculator, we can help with making it work.

Do you know how much in incentives were rolled into your selling price?

3

I think the only incentive i qualified for was the $1000 loyalty.

4

There’s likely a couple thousand worth of volvo allowance/dealer lease cash rolled in there.

5

From the info above, can you tell if it sounds like i got a good deal?

6

Would need to verify mf and incentives with edmunds to know what the deal actually is.

7

Their MF is about 0.00072

Just use the standard equation and work backward.

Screenshot_20201202-081324_Chrome|690x452

8

It’s more than just knowing what the MF used is… one needs to also know what buy rate is to normalize the pre-incentive discount for proper comparison.

It’s also .00065 if you back calculate it.

9

Did you use gross capitalized cost? I used net, and is why it’s higher.

10

Adjusted Cap Cost is what is used.
image

2 Likes
11

You’re absolutely right. I made a mistake and it is 0.00065. Thanks

1 Like
12

Edit with MY, will help.

13

Thanks for the help on this. I’m getting close, but the numbers are still off.

I only put down $579, but the calculator is adding $995 for upfront fees and $177 for upfront taxes. The finance guy was telling me the $1000 loyalty fee was reducing the $1920 drive off.

There’s also a $350 fee if i decide to return or buy out the car at the end of the lease.

14

Sorry, new to this. What’s “MY”?

15

Model Year.

For Mid-Atlantic and NYC Area for Nov. for the 21 T5 insc base MF is 0.00055. RV makes it look like a 2021 to me at 58% for 36/10k, and 59% for 36/7.5k.

1 Like
16

Thanks for that! Looks like I’m still missing something…

17

New York City? You’re using the wrong tax structure. 0.00055 is BASE, you can have higher with markup or tier bump.

18

volvo doesn’t have tier bumps. you’re either approved, or you’re declined.

19

Was speaking in general to his misconception. Doc fee looks like a NY dealer so I know it wasn’t you, do you have the rebate for Nov.

20

we get 1500.