Originally Posted by zamo
I have leased an 06 Volvo XC90 that retailed for $43,500. Last year it was a high residual vehicle. I paid for tags only at delivery. I just need to worry about $458 x 23 months and get done with it.
That's $10,543 down the drain, along with A LOT of gas money cuz I doubt that gas tank lasts a week regardless of the driving habits, on top of the higher premium insurance rates you have to pay...
Even for the V6 Model, you cover at a minimum only 358.7 miles and max at 464.2 miles per tank (21.1 gallons). So let's say the V6 takes 89 octane gas and you calculate at lets say $2.19x 21.1, which equals $46.21. 23 months = 92 weeks. So 92 Weeks times $46.21 = $4,251.32 (Under the assumption you can make your tank last a week).
For the V8 Model, the minimum is 316.5 and tha max you'll get is 422 miles per tank (21.1 gallons). So V8 is a 93 octane must. So calculate lets say $2.35x 21.1, which equals $49.59 a tank. So over a 23 month period, 92 Weeks times $49.59 = $4,562.28.
So you are looking at about a minimum of $14,794.32 and max of $15,105.28.
That is not including your interest rate. Let's say you got a real catchy interest rate of even 4.5%. So take $10,543 times .045, that = $11,017.44. So you do the math... you are still either way paying close to 16-17K for a lease, not counting insurance.
I'm sorry but I would rather add on an aditional $8,000 dollars and own a 2006Altima SE fully loaded, which is JUST as nice and luxurious, to my taste anyways. My payment is slightly more than yours, but on 60 months, and I will know I own the car, for only $8,000 more and not have to get ripped again. Yea i did not include the gas expense in this post, but my tank lasts on an average of 11-13 days with a 20 gallon tank, not 7. So you do the math.
Volvo is just an emblem, just like Audi and BMW, and Lexus... I can take any 3 series BMW except the M3, and still get away with about $15,000 +/- cheaper, not to mention the Audi A4, even turbo models.