I was/am leasing an XC-90 from Volvo that I obtained in Sept 2019. Unfortunately, my car was stolen and totaled last week. Insurance has paid off the lease and I’m looking to get back into the same lease now only to realize that this is just about the worst time to do that for a Volve. I’ve shopped all week and I’m looking at 4k DAS to get a payment that’s $150 more than what I had 2 years ago, which is SO frustrating…my question:
Is there hope that with additional 2022 inventory coming out, that pricing will get better in the next few weeks or month? I really enjoyed my car and would love to stay with Volvo, but if things stay the same, I may have to just find another car brand. Speaking of which, any models that are similar in size/style that are leasing well at this time? Thanks for any help or perspective you can share!
Did you get more than the payoff? I’m not sure it Volvo would keep the difference or send it back. Hopefully you do get something and can use it to offset the current market.
Do you need a usable third-row, or just something XC90-sized? There are lots of threads here on the various substitutes, unfortunately nothing is leasing well.
I have Volvo loyalty, Costco and first responder in play and I’m looking at a loaner. I figured it wasn’t worth getting into the specific details, I’m more just wondering about the market in general.
I honestly had a hard time understanding the deal. When Volvo sent me the payoff it was significantly higher than the value the insurance company had, but somehow my insurance paid it off and I didn’t owe anything out of pocket including my deductible. I believe they give the insurance cos different pricing. I felt like I left money on the table, but didn’t have enough information to fight about it.
Then the data point you have right now doesn’t really tell you anything. The market is rough right now, but some dealers are charging a lot more than others. If you’re making a judgement based on one out of context data point, there’s no way to tell if the market is pricing you out or just that dealer.
Here’s what I had in 2019:
2019 Volvo XC-90 Momentum T6 loaner w/ 4k miles
Msrp: 62,040
Net cap cost: 49,954.13
Residual value: 36,418
DAS: 2,500
Money factor .00145
decided against doing MSDs, 36/12k
Monthly: $556 Tax included
Agreed inventory on the V90 is definitely not at its best, let alone the programs. If OP was interested I would also mention the V60 compared to the V90 the dimensions are pretty similar.
