XC60 prices
Username
Do you already have an account?
Forgot your password?
  • Log in or Sign up

    Results 1 to 13 of 13

    Thread: XC60 prices

    1. #1
      Junior Member
      Join Date
      Feb 2020
      Posts
      6

      XC60 prices

      Curious If the prices for XC60s has gone down through incentives.

    2. Remove Advertisements

      Advertisements
       

    3. #2
      Junior Member senatedon's Avatar
      Join Date
      Mar 2020
      Location
      Pittsburgh, PA USA
      Posts
      13
      Quote Originally Posted by bilmay View Post
      Curious If the prices for XC60s has gone down through incentives.

      My deal on a T8 inscription (denim blue/blond), advanced, luxury, heated, park assist, 20” wheels is $5k off sticker. Dealer provided all weather mats & trunk liner and bumper guard. This deal is similar to the prices listed on cars at the dealer customer appreciation day yesterday.
      Last edited by senatedon; 03-15-2020 at 02:46 PM.

    4. #3
      Junior Member
      Join Date
      Feb 2020
      Posts
      6
      Ok great. Did you secure a good interest rate thru Volvo financing too?

    5. Remove Advertisements
      SwedeSpeed.com
      Advertisements
       

    6. #4
      Awaiting Approval
      Join Date
      Mar 2020
      Posts
      1
      Quote Originally Posted by bilmay View Post
      Curious If the prices for XC60s has gone down through incentives.
      I'd wait. With what is happening now with the economy you'll probably get a great deal if you wait.

    7. #5
      Junior Member
      Join Date
      Mar 2015
      Posts
      4
      We got my wife's XC60 T5 Inscription for about 12.5% off of MSRP - this ended up being below the fair purchase price of KKB, Edmunds, and True Car, for whatever those are worth.

      This was early March, with the deal closing on 3/7. That being said, unless you need the car quickly, I'd suspect that there will be plenty of strong deals to be had in the coming weeks/months (though who knows for sure).

      I had pre-secured 2.19% for up to 60 months through BOA and the dealer was able to get us a loan at 2.02% for 60 months.

    8. #6
      Junior Member
      Join Date
      Feb 2020
      Posts
      6
      Not bad. I wonder what folks in the Mid-Atlantic area are paying as well as their interest rates.

    9. #7
      Junior Member
      Join Date
      Jul 2019
      Location
      Fremont, CA
      Posts
      34
      Daaaaaaayuuuuuuum... And I thought we did ok with 3.4% with Volvo Financing :P Impressed that BofA has much better 60-month rates right now than many credit unions!

      Anyway, you did good

      Geoff

    10. #8
      Junior Member p07r0457's Avatar
      Join Date
      Mar 2019
      Posts
      110
      Quote Originally Posted by Jofu View Post
      Daaaaaaayuuuuuuum... And I thought we did ok with 3.4% with Volvo Financing :P Impressed that BofA has much better 60-month rates right now than many credit unions!

      Anyway, you did good

      Geoff
      3.4%? You got taken to the cleaners. I got 1.49% through VCFS and that was back in October 2018 when rates were typically higher.

      Volvo allows their dealers to mark up the interest rates, so it's important you beat the dealer up a bit during negotiations otherwise they'll take advantage of you. I wish Volvo would not let dealers arbitrarily mark up the financing/fees.

    11. #9
      Junior Member
      Join Date
      Feb 2020
      Posts
      6

      XC60 prices

      Quote Originally Posted by p07r0457 View Post
      3.4%? You got taken to the cleaners. I got 1.49% through VCFS and that was back in October 2018 when rates were typically higher.

      Volvo allows their dealers to mark up the interest rates, so it's important you beat the dealer up a bit during negotiations otherwise they'll take advantage of you. I wish Volvo would not let dealers arbitrarily mark up the financing/fees.

      Volvo continues to advertise 2.99% on select XC60 models in spite of the current situation

    12. #10
      Junior Member
      Join Date
      Dec 2019
      Location
      Bay Area, CA
      Posts
      80
      Quote Originally Posted by p07r0457 View Post
      3.4%? You got taken to the cleaners. I got 1.49% through VCFS and that was back in October 2018 when rates were typically higher.

      Volvo allows their dealers to mark up the interest rates, so it's important you beat the dealer up a bit during negotiations otherwise they'll take advantage of you. I wish Volvo would not let dealers arbitrarily mark up the financing/fees.

      I don't think you need to credit shame someone on 200 basis points. Jofu, you were not taken to the cleaners. Everyone's credit score, credit history, FCF, and DTI are slightly different. So we all may get slightly different rates.

      Yes, it's wise to should shop around for rates if you can, but your 3.4% isn't terrible. VFS doesn't charge rates that I feel would take customers to the cleaners. Their rates are fairly competitive. My understanding when looking at their book in the past was VFS would simply choose to not extend a loan to a buyer if they felt the client was not reliable to repay the loan. They would not attach high interest rates to offset credit loss risk since that would lower the overall assessment of their book by rating agencies.

      Also consider that VFS offers incentives sometimes to effectively sell a point of interest at the time of purchase. So a buyer may get cash up front to pay an extra 100 basis points over the life of the loan. Assuming a 2.5 year WAL on a $40,000 USD loan, this example 100 basis points is worth approximately $1,000 over the life of the loan. (PS: yes, I know a 5 year loan doesn't actually have a WAL of 2.5. I'm just generalizing some maths)
      Last edited by Holeydonut; 03-23-2020 at 11:27 AM.

    13. #11
      Junior Member p07r0457's Avatar
      Join Date
      Mar 2019
      Posts
      110
      Quote Originally Posted by Holeydonut View Post
      I don't think you need to credit shame someone on 200 basis points. Jofu, you were not taken to the cleaners. Everyone's credit score, credit history, FCF, and DTI are slightly different. So we all may get slightly different rates.
      Okay, fair enough. Everyone's credit situation is different, and if your credit isn't perfect, then that would certainly explain a higher rate.

      That said, it's still good advice to negotiate, and IF you have great credit, know that you should be able to get a great rate on a new vehicle (Under 2% new, maybe 3% used).

    14. #12
      Junior Member
      Join Date
      May 2018
      Location
      Lewisberry Penn
      Posts
      514
      Term also matters. No one is getting 1.49% from Volvo for 60 months.. and auto rates have definitely gone up since 2018. Not everyone marks up rates just because we can.... but if you're at a place that is advertising rock bottom pricing, you can bet your pants they do (or else obscene warranty upcharges)... gotta make money somewhere... it is a business after all.
      Volvo Sales Guy
      VCOA Member

    15. #13
      Junior Member
      Join Date
      Jul 2019
      Location
      Fremont, CA
      Posts
      34
      No offense taken guys Funny enough, both me and my wife have essentially perfect credit scores (850 ish?). The loan was for US$30k over 60 months. It was back in September 2019, and at the time I had looked around and places like BofA or credit unions were most definitely not offering 2.x% interest rates on 60 months. I had a loan pre-approved and ready to go with PenFed, I think for 3.6% or something like that. When I showed up at the dealer to finalize the sale, they offered me 3.34% so I took it.

      Geoff

    16. Remove Advertisements

      Advertisements
       

    Similar Threads

    1. Prices, prices, prices!
      By JRL in forum V70 & V70XC & XC70 (2001-2007)
      Replies: 5
      Last Post: 12-01-2017, 06:25 PM
    2. Lease prices on the 2018 XC60 T6 & T8
      By DBXL in forum XC60 (SPA: 2018- )
      Replies: 5
      Last Post: 10-02-2017, 01:17 AM
    3. Prices paid for new XC60?
      By DoritoKing in forum XC60 (SPA: 2018- )
      Replies: 8
      Last Post: 06-21-2017, 10:56 PM
    4. 2016 xc60 prices
      By Firstvolvoxc90 in forum XC60 (2010 - 2017)
      Replies: 4
      Last Post: 02-22-2016, 01:54 PM
    5. PRices I should pay for XC60
      By m491 in forum XC60 (2010 - 2017)
      Replies: 1
      Last Post: 05-03-2010, 02:30 PM