The forum has been a great resource for me as I got smart around leasing. We have settled in on the XC90 and I was planning to lease, ran some numbers with brokers. I’m realistic on getting the “best” deal as the wife has color preferences and we’d really like the advanced packages and a broker seemed worth it for me as a newbie.
However I recently got my head turned by a 2020 CPO with 7k miles on it - former rental car Covid blowout. Can get it for $45k / 27% under MRSP, in the color and package that we want and because it’s CPO there’s 4.5 yrs warranty.
I’m not precious about it being a fart car - obviously can’t control how it was driven but on the margin I’d guess it’s more likely rented by families than not but I’m realistic that’s a factor in the discount I’m getting. Also gives me more flex to sell quicker (eg small chance we may relocate internationally and no longer need) / own longer as suits. I’m also not a daily driver so it’s luxury - nice car to have for weekend trips, vacations etc so not the end of the world if it has to have things fixed so long warranty covers…
I’m flexible on purchase vs lease financially and much more focused on cost of ownership vs monthly payments and this feels like someone else has taken the first 2ish years of depreciation. So I feel have a good chance of coming out ahead of leasing which when you boil it down is really just financing depreciation down to ~61% (for this car at 10k miles/yr) residual which isn’t too far off the 73% paid for a 0.5 yr old car… However, I obviously own the risk of it being driven harder in rental etc etc and don’t know how good the original + CPO Volvo warranty is to cover such risks, so welcome thoughts!
Knowing this is a lease focused forum…how do people feel about this as a trade-off!