I’ve been looking at an XC60 at a local dealer that has been on the lot for at least 60 days. On March 1 the listing changed to “loaner/demo” with no mileage listed and no change to price (MSRP).
In the crazy new world, is it reasonable to expect a discount from MSRP on a loaner/demo? Does the dealer get any support from Volvo on a loaner/demo such that its margin is better, assuming it sells at MSRP and assuming non-loander/demos are also selling at MSRP?
Also, does VCFS change the base MF or RV for loaner/demo?
@AutoCompanion offers 7% off on his loaners, so the answer is yes. This discount includes dealer’s loaner cash.
Volvo doesn’t change RV %, but lowers the RV by $0.20 x loaner miles.
Thanks guys, very much appreciate the insights, particularly the impact on RV. To avoid any misunderstandings, I’m looking to lease from my local dealer - and totally understand if you don’t want to disclose any “inside baseball” info under those circumstances. A few more specific questions:
My recollection is that BMW did a mileage reduction to RV on demos only over a certain mileage, maybe 7500. Is Volvo’s RV reduction from mile 1?
Does the current $2000 loyalty apply to loaner/demo?
Does Volvo give the dealer specific support/discount for putting a car in the loaner/demo category - meaning any support/discount different from new vehicle? Maybe larger holdback %, advertising dollars, etc?