I guess that’s where the “moody” part of your username comes from 
I’ve had my current car since Jan 2005, and it’s still pretty fun, but it is starting to show its age… I’ve been shopping for a replacement for 2-3 years and as Mr. Bono says: I still haven’t found what I’m looking for…
As Mr. Jagger said - you can’t always get what you want…
Touche, Mr. Bear…
Or as Mr. Stills says, and it applies to the OP, “If you cant be with the one you love, love the one you’re with…”
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The challenge is that it’s a Volvo and the discount wasnt huge. It might have been good for the model/trim/time of purchase, but Volvos depreciate like sinking rocks. My S90 lease was 33% off MSRP on the last day of 2017, so I was able to successfully flip it.
Why did you flip your S90 within a year of getting it? Catch and Release Leasing?
Within a month. Why turn down 3k when you don’t really need the S90?
Short answer is Carmax made me an offer I couldn’t refuse. Long answer is between Dec 2017 and Jan 2018, Volvo apparently changed their lease strategy. Instead of offering real world residuals and crazy high incentives (my s90 was > $20k off a 2018 signed last day of 2017), they upped the residual values by about 10% and cut incentives, cutting them really deeply in the Southern region where I am.
All of a sudden my few week old vehicle was worth more than I paid for it. Carmax offered more than any of the half dozen other people I took it to. My original plan was to acquire a 2017 S90 as I liked the shorter version better, but that evaporated because the incentives were crap in the southern region in early 2018 and lease support ended on the 2017s in February.
Carmax listed vehicle for $51k and it took 3 months and 2 price cuts before they either sold it or sent it to auction/another dealer.
And people say Volvos have crummy resale value…
How much more did Carmax pay you for the car than the other highest bids? I can see walking away with a $3K profit right away if it’s there. But there was probably a value in what you had. For example, if you had a $60K car for $300/mo for 36 months, that’s kind of like having a $300 discount x 35 payments that you gave up.
But I’ve seen cheapdad hovering all kinds of crazy deals, so I don’t know what you did next. Probably a Guila for $250/mo or something.
Someone fell asleep at Carmax, that’s all. And they got stuck with his car for a long time. So the only value was if he really wanted to drive S90 and he didn’t, no matter the price.
The V90, CC or regular, has never had the OMFG pricing that the S90 did. The S90 just wasn’t moving so dealers were practically giving them away. The V90 line is at least somewhat in demand - the CC version drawing people from crossovers (and maybe Subarus…), the regular drawing wagon purists. At the time 16% off MSRP was a good deal, but pricing for new ones today isn’t any better last I checked.
And yes for sure I’d like a V6, but Volvo doesn’t offer one. And, here in the US they don’t offer a T8 version of the V90. At least not yet. I understand why mfrs are moving to smaller displacement engines, I just don’t like this particular one. It’s not universal though as I loved the 2.0T in my old Audi A4.
Anyway, I’d have to look into pricing on loaners to see if a low $50k’s price is obtainable I guess. I wonder if any of the brokers on here would be interested in handling this. I love doing the research on the way in, but don’t think I want to do it on the way out!
Yes, very good point - there is value in driving the vehicle at a lower monthly. However, At the time it was a 4th vehicle (3 drivers in household and other 3 vehicles were owned). I bought it partly for the deal, for the Pilot assist and mpg improvement over my 2005 Expedition. After driving it for awhile, I decided it was going to take me a long while to get used to the pilot assist (I rarely drive interstates or long distances). Also, similar S90 deals were readily available in regions other than the Southern in January and February. I decided to take the risk that the incentives would improve in my region at some point in Q1 if I wanted another S90. In the end decided to turn my focus to other models. Replaced my wife’s 2017 Expedition with an 18 QX60 in May through Quentin @nyclife and just leased a Tundra after deciding the used truck market is insane.
It’s harder to sell V90 now because there is also $6,750 cash on finance and you can get a $60K loaner at around $44,000 ($43K with loyalty) with only 15% off.
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As Ursus said, that’s using the $6,750 purchase incentives + $3,000 A-Plan. The lease incentives are $4,000 less. If you were going to finance the purchase, the MF on the lease (0.00029) would save money (APR equivalent 0.7%), although there’s also the acquisition and disposition/purchase option fees to pay (unless you lease again with Volvo).
No flipping for you!
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^ This. $14K off is based on 5.5%-6% off a-plan, financing & a-plan incentives and the extra $1K loyalty (which you don’t have).
My posting that email offer was for reference for OP, to see what his competition with getting out of his 11 month old one. If I can buy a new one for mid 40s (granted a lesser equipped one), the chances of him seeing > $50k for his used one are slim to none.
The point Ursus and others may make is… who qualifies for all of the incentives that allow them to get 14k off the car? I imagine it’s a small pool of people, so who would be interested in OP’s car, is probably individuals who can’t get that 14k off.
I appreciate it all in any case thanks!
@Ursus How are the 2018 S90s leasing nowadays? The 19s are on the way correct?