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2011 Volvo Lease Rates – October 2010

logo_volvoMy Take: Rman850r comes through yet again with some Volvo numbers for this month. There is $500 loyalty cash on all 2011 Volvos plus an additional $500 in dealer cash on the S80, C70, and C30 which can be combined with leases. Certainly not the best looking numbers in the industry, bit I’ve seen worse. Volvo really needs to drop that money factor down by a good 0.001 points in order to get more leases going. The products have been improved and they are actually more desirable now, but as a lease it’s not working too well. Alternatively, it looks more attractive since you could BUY a Volvo by financing it at 2.9% financing over 72 months, which isn’t half bad. But a straight up cash purchase would be a wiser move.

On a different note, I LOVED the XC60 when I saw it at the OC Auto Show. It’s so stylish and the interior quality is superb. Light years away from what they used to be less than 10 years ago. From the outside, it looks sleek and stylish. From the inside, it’s spacious, comfortable, modern and ergonomic; what a true crossover SUV should be.  It isn’t overly luxurious, but it isn’t cheap either; maybe comparable to current BMW interiors.

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2011 C30 T-5
36-month | 15k miles | residual 54% | .00198 base money factor
48-month | 15k miles | residual 45% | .00195 base money factor
60-month | 15k miles | residual 38% | .00201 base money factor

2011 C30 T-5 R-design
36-month | 15k miles | residual 54% | .00198 base money factor
48-month | 15k miles | residual 45% | .00195 base money factor
60-month | 15k miles | residual 38% | .00201 base money factor

2011 C70 T-5
36-month | 15k miles | residual 56% | .00198 base money factor
48-month | 15k miles | residual 46% | .00195 base money factor
60-month | 15k miles | residual 39% | .00201 base money factor

2011 S40 T-5
36-month | 15k miles | residual 49% | .00198 base money factor
48-month | 15k miles | residual 41% | .00195 base money factor
60-month | 15k miles | residual 35% | .00201 base money factor

2011 S40 T-5 R-design
36-month | 15k miles | residual 47% | .00198 base money factor
48-month | 15k miles | residual 40% | .00195 base money factor
60-month | 15k miles | residual 34% | .00201 base money factor

2011 V50 T-5
36-month | 15k miles | residual 49% | .00198 base money factor
48-month | 15k miles | residual 42% | .00195 base money factor
60-month | 15k miles | residual 35% | .00201 base money factor

2011 V50 T-5 R-design
36-month | 15k miles | residual 47% | .00198 base money factor
48-month | 15k miles | residual 40% | .00195 base money factor
60-month | 15k miles | residual 33% | .00201 base money factor

2011 S60 T-6
36-month | 15k miles | residual 55% | .00148 base money factor
48-month | 15k miles | residual 46% | .00195 base money factor
60-month | 15k miles | residual 38% | .00201 base money factor

2011 S80 3.2
36-month | 15k miles | residual 50% | .00058 base money factor
48-month | 15k miles | residual 42% | .00105 base money factor
60-month | 15k miles | residual 35% | .00133 base money factor

2011 S80 T-6
36-month | 15k miles | residual 52% | .00084 base money factor
48-month | 15k miles | residual 43% | .00123 base money factor
60-month | 15k miles | residual 36% | .00150 base money factor

2011 XC-60 T-6 R-design
36-month | 15k miles | residual 49% | .00157 base money factor
48-month | 15k miles | residual 40% | .00195 base money factor
60-month | 15k miles | residual 32% | .00201 base money factor

2011 XC-60 T-6
36-month | 15k miles | residual 52% | .00157 base money factor
48-month | 15k miles | residual 42% | .00195 base money factor
60-month | 15k miles | residual 34% | .00201 base money factor

2011 XC-60 3.2 AWD R-design
36-month | 15k miles | residual 48% | .00164 base money factor
48-month | 15k miles | residual 38% | .00195 base money factor
60-month | 15k miles | residual 31% | .00201 base money factor

2011 XC-60 3.2 FWD R-design
36-month | 15k miles | residual 47% | .00172 base money factor
48-month | 15k miles | residual 38% | .00195 base money factor
60-month | 15k miles | residual 30% | .00201 base money factor

2011 XC-60 3.2 AWD
36-month | 15k miles | residual 51% | .00164 base money factor
48-month | 15k miles | residual 41% | .00195 base money factor
60-month | 15k miles | residual 33% | .00201 base money factor

2011 XC-60 3.2 FWD
36-month | 15k miles | residual 50% | .00172 base money factor
48-month | 15k miles | residual 41% | .00195 base money factor
60-month | 15k miles | residual 33% | .00201 base money factor

2011 XC-70 3.2 FWD
36-month | 15k miles | residual 50% | .00172 base money factor
48-month | 15k miles | residual 42% | .00195 base money factor
60-month | 15k miles | residual 34% | .00201 base money factor

2011 XC-70 3.2 AWD
36-month | 15k miles | residual 51% | .00172 base money factor
48-month | 15k miles | residual 42% | .00195 base money factor
60-month | 15k miles | residual 35% | .00201 base money factor

2011 XC-70 T-6
36-month | 15k miles | residual 53% | .00172 base money factor
48-month | 15k miles | residual 44% | .00195 base money factor
60-month | 15k miles | residual 36% | .00201 base money factor

2011 XC-90 3.2 FWD
36-month | 15k miles | residual 49% | .00172 base money factor
48-month | 15k miles | residual 41% | .00195 base money factor
60-month | 15k miles | residual 33% | .00201 base money factor

2011 XC-90 3.2 FWD R-design
36-month | 15k miles | residual 49% | .00198 base money factor
48-month | 15k miles | residual 41% | .00195 base money factor
60-month | 15k miles | residual 33% | .00201 base money factor

2011 XC-90 3.2 AWD
36-month | 15k miles | residual 51% | .00198 base money factor
48-month | 15k miles | residual 42% | .00195 base money factor
60-month | 15k miles | residual 34% | .00201 base money factor

2011 XC-90 3.2 AWD R-design
36-month | 15k miles | residual 51% | .00198 base money factor
48-month | 15k miles | residual 42% | .00195 base money factor
60-month | 15k miles | residual 34% | .00201 base money factor

2011 XC-90 V8
36-month | 15k miles | residual 49% | .00198 base money factor
48-month | 15k miles | residual 40% | .00195 base money factor
60-month | 15k miles | residual 33% | .00201 base money factor

Lease rates provided by North Point Volvo (Alpharetta, GA)

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Volvo Incentives from Edmunds.com

Volvo’s Safe + Sound Program

Volvo is currently providing the Safe + Sound program from Sept 1st through Sept 30th on their 2010 vehicles. Here are some of the details involving the program…

The Safe + Sound Coverage Plan offers you exceptional value and financial security that goes beyond crumple zones and airbags – it’s the security that only Volvo offers.

It’s “Safe” because it’s from Volvo, and it’s “Sound” because you’ll be driving your Volvo virtually worry-free for five years. Here’s what you get with our new best-in-class coverage plan:

5 Years 60,000 Mile Warranty
5 Years Complimentary Factory Scheduled Maintenance
5 Years Wear and Tear Coverage
5 Years Volvo On Call Roadside Assistance

The Safe + Sound Coverage Plan from Volvo. Because you should feel as secure purchasing a new Volvo, as you do driving one.

The Volvo Safe + Sound Coverage Plan is a U.S.-specific program and is valid only when repairs are performed at an authorized U.S. Volvo Retailer subject to all applicable exclusions or limitations. It applies to eligible 2010 Model Year U.S. specification Volvo vehicles purchased in the U.S. between September 1st and September 30th, 2009 (excluding fleet vehicles.)

Eligible models include:

2010 C30, C70, S40, S80, V50, V70, XC60, XC70, XC90. In other words, their entire 2010 line up.

This program is actually quite comprehensive since the warranty extends an extra year and/or about 10,000 extra miles compared to other luxury brands. I sweeten the deal that much more, Volvo is also providing Wear and Tear coverage such as break pads, rotors and wipers (like BMW does). Pretty much what BMW does (and what Audi used to do), but for a longer term.

09 Volvo C70 Lease Rates – June 2009

logo_volvoMy Take: Obviously no point leasing through Volvo here. Just look at the money factor! 12.648% APR! Are you kidding me? Here’s a quick compare and contrast between what payments would be through Volvo and what they would be through on of LeaseCompare’s partner banks.

Through Volvo
MSRP – $40,595
Sale – $32,690
MF – .00527
RES – 46%
Monthly – $660 plus tax

Through LeaseCompare
MSRP – 40,595
Sale – 32,690
MF – .00264
RES – 40% (approx)
Monthly – $583 plus tax

As you can see, independent banks are much more realistic with their residual values than captive banks. This is not always a bad thing since lower residuals make your payoff at lease end lower. Should you choose to buy your vehicle in the end, it would cheaper. If I had to pick between paying a lower residual or a high money factor, I would pick the former. Now is the C70 convertible a good deal this month, whether you lease through Volvo or a 3rd party bank? No, it’s a horrible deal, I’d rather have a MB CLK instead.

09 Volvo C70 Convertible

2009 Volvo C70 Convertible
24-month | 15k miles | residual 56% | .00596 base money factor
36-month | 15k miles | residual 46% | .00527 base money factor
48-month | 15k miles | residual 36% | .00522 base money factor