I currently have a 2021 XC60 Inscription. 28K miles. My lease is ending in February. My residual value is set at 31300. monthly payments are $535. Current buy off is is 37K. I’ve searched and most vehicles with same specs are selling for 34-39K on the lots.
I’m wondering if I should trade it up or buy off my lease?
I’ve been looking at moving up to the 2024 XC60 Recharge. I saw one that with MSRP at 71K. It’s marked down to 66K. I was looking at going in with an offer like… (current MF .00281 and Residual 50%). With incentives equally 10500 I thought about going in with a selling price at 61k.
Ah, gotcha. Yes. Luckily I live in a suburb and I don’t think it get it. In fact I moved a year ago, and I changed my address and my payment dropped $60/month!
I was in the same shoes a few months ago, 2020 XC60 Inscription, monthly payment was less than $500. (no down, full MSDs). I thought about purchasing it at the end, but then I ended up leasing a new 2023 XC60 B5 Ultimate instead for more than $500 now (no down, full MSDs).
Test drive XC60 Recharge first before making the decision. I didn’t like it. I didn’t like C40, or XC40 Recharge either lol
I test drove a XC60 B6 as well. Both felt the same to me. Only reason I’m really considering a switch to the Recharge is due to the fact I’m in stop and go traffics for 25 miles a day. Would love to cut back on fuel costs.
Doubtful they’ll do that huge of a pre-incentive discount. They’d literally be losing money on the car even taking holdback into account. If they agree to do the deal it’ll likely be closer to $64k selling price if I had to guess (which would be extremely aggressive also).
OHH nonono, it was around $450 before, and now I am paying $550-ish.
Ahh gotcha! I agree, Recharge would be more ideal for your commute for sure. Mild-Hybrid do have better mpg than the regular gas models, but not up to the level with the recharge. lol
Just came across a 2023 XC60 B6 Ultimate with Polestar and 4 corner air suspension. I am currently in a XC60 T5 inscription (lease is up in 5 months)…I was really thinking about jumping into a plug-in hybrid or EV…but the cost difference and calculating the actual cost, I don’t know if I am saving much if any at all. I think I could probably get a great lease on the 2023 (only thing I wish that it would have the Bowers and Wilkins sound)
So my lease is coming to a close and worried with used vehicle interest rates I am thinking maybe I should move into a new lease. A dealership I have a relationship with has 2 XC60’s (2023 and both B6 Ultimate).
#1 Has MSRP for 62K and on sale for $56K, #2 has MSRP of 65K and no sale price. Both have been at the dealership for more than 120 days. The one for 65K comes with the better sound system and 4 corner suspension. I don’t want to insult, but wondering would should I ask the dealership for the OTD price for a good lease deal? I don’t want to insult them.
Know your target and make offers to a decent number of dealers.
Unless the above dealership accepts said offer or is the one that comes closest, your relationship with them has no value regarding your car-buying decisions.
