Hey Hackers,
I can’t tell if I am disillusioned or greedy…
My general hunch is that this is not a great deal.
Please advise.
Volvo XC 60 Polestar
$73,590 MSRP
36/12
$2,000 down
$831/month
MF 0.00035 (terrible right?)
49% Residual
$11k in “incentives”
What do you think?
0.84% corresponding interest is terrible? Do 6 MSDs then and pay 0.12%
Not sure where you see $11K. Volvo shows $7,669 before loyalty/affiliate ($1,500 max)
MF of .00001 that Mazda is doing right now is pretty terrible as well.
Is there a minimum MF, regardless of MSDs?
Never saw anything lower than .00001 on Volvo. It can’t go any lower.
Thanks Ursus,
Incentives also include federal tax rebate because its a hybrid
Your question suggests you haven’t understood the concept of buyrate and where to verify it. You need to read the Leasing 101-style articles here
IMO
It’s a specialty car
But not mid 8s special
Mid 6s - sure
The federal tax rebate is not given to you on a lease. It goes to the leasing company and they choose to pass it on to you in the form of lease cash or not. In this case, it’s included in the $7669 lease cash. Add in the max loyalty/affiliate and you’re looking at a max of $9169. What is the other $1800ish being claimed here?
Are you sure they’re not saying “$11k off” after all incentives?
What @mllcb42 said. And $11k must be your total discount, not incentives. In any case, you need to know the selling price at least to evaluate this deal.
I hope that’s a typo 
Maybe/probably DAS
I know dealers were not discounting the V60 Polestar, you may not be able to expect much on the XC60. I wasn’t sure about the 24mo RV, but based on some old numbers the 24mo doesn’t seem like a good option. (+$150-200/mo over 36).
There’s better options at these prices, even if you want a BEV.
Exactly, because there was no inventory. My quick nationwide search shows 9 XC60 Polestars on the ground. And while Grey is usually near the bottom of my list of color choices, you are insane not to get this one:
https://www.cars.com/vehicledetail/detail/804422120/overview/
Neither the V60 nor XC60 P* are A-Plan eligible either.
As @Bostoncarconcierge (among others) always reminds us, if the 24 month RV is 6+ points higher than the 36 month it’s at least worth running the numbers (and likely pulling the trigger), otherwise stick to 36 months.
The old RV (from July) showed an 8% difference on 10k 24mo 59%, 36mo 51%. Keeping the same 8% delta I did a quick LH calc with 49% vs 57% and the 36mo was much better.
Why you always need to do the math
If only it was not Ourisman… They share the showroom with VW, BTW
They are atrocious, and no doubt I’d leave smelling like Drakkar Noir, missing my wallet and checkbook – but that XC60 P* in grey might be worth it. Might.