Automotive

2020 Volvo XC60 T6 - Lease, 20k KM, 2.90%, 36 months (Good Deal?)

  • Last Updated:
  • Jul 14th, 2020 12:16 am
Tags:
[OP]
Member
Sep 28, 2009
345 posts
211 upvotes

2020 Volvo XC60 T6 - Lease, 20k KM, 2.90%, 36 months (Good Deal?)

Hey There,

Was wondering if anybody recently leased a Volvo XC60 T6 (with Momentum Plus Package) for:

KM: 20k annually
Rate: 2.90% (1% rate reduction)
Term: 36 Months
Monthly payment: $714/month.
Residual: $32,976
Cost of Vehicle: $52,050 (Freight/PDI is offset with 2k credit)

My question is this a good rate? Or what rate did you manage to lease the car at?
Last edited by ngl on Jul 3rd, 2020 4:23 pm, edited 1 time in total.
5 replies
Deal Expert
User avatar
Jul 30, 2007
31896 posts
18890 upvotes
Toronto
Residual is high. The advertised rate shows 3.9% ... no ? Or you got some kind of conquest promo ?

What is due on delivery?
[OP]
Member
Sep 28, 2009
345 posts
211 upvotes
I'm getting the conquest promotion of 1% reduction.

Only $95 due on delivery which is some admin/tax, The first 3 payments are waived. The Freight is also offset by a $2,000 credit.
Deal Expert
User avatar
Jul 30, 2007
31896 posts
18890 upvotes
Toronto
If dealer is also giving you like 6% on top of what you have already mentioned , then it’s sure sounds like a very good deal.
[OP]
Member
Sep 28, 2009
345 posts
211 upvotes
anybody lease a XC60 recently?
Newbie
Jan 6, 2009
9 posts
1 upvote
BC
I just overpaid probably a bit although they are getting harder to find right now on dealer lots, ~$51,000+GST for momentum demo with similar options. Financed at 0% though.

Top

Thread Information

There is currently 1 user viewing this thread. (0 members and 1 guest)