Volvo S90/V90 owned(financed) vs leased
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    View Poll Results: Would be interested to see how many of the Volvos in our section are leased and how many are owned(f

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    • Owned (Financed)

      24 88.89%
    • Leased

      3 11.11%
    Results 1 to 34 of 34
    1. #1
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      Volvo S90/V90 owned(financed) vs leased

      I thought it would be interesting to see how many member here have owned(financed) cars vs leased cars. Would be great when you could let us know what car you have and why you chose to buy vs lease or vice versa.

      A: Owned (financed)
      B: Leased

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    3. #2
      Member skywolf's Avatar
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      Leased.

      Ability to jump to a newer car early and take advantage of Volvo's fairly poor residual estimates.
      2006 XC70 76k - Ruby Red/Graphite - "Wichita" | 2011 Tacoma 14k - Green/Sand - "Timber"
      2007 XC70 65k - Black Stone/Graphite - "Springfield" | 2017 Miata RF GT 7k - Grey/Black
      2020 V90CC 1.9K - Osmium Gray/Maroon Brown - "Storm" | 2019 Honda Pilot 49K - Black/Black - "Toaster" - OpenPilot Development Guinea Pig
      Previous: 2013 XC70 | 2005 XC70 | 2005 V70 | 2007 XC70 | 2006 V70R | 1990 740 | 2019 XC90 | 2018 V90CC

    4. #3
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      Financed.

      I bought my 2019 S90 T5 Momentum because I got it for a crazy deal. (Demo with 200miles and MSRP 56k, I paid 33.500). I was well aware about the brake issues but also heard that other than brakes, those cars are bullet proof. Plan to keep it as long as possible.

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    6. #4
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      Cash. Already sold the Grand Cherokee for a goodly sum so had the money (in a virtually zero interest money market account). I thought of it more of a keeper vehicle. The CLS I have is a play car and that is leased.

    7. #5
      Member skywolf's Avatar
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      Quote Originally Posted by VLD1 View Post
      Cash. Already sold the Grand Cherokee for a goodly sum so had the money (in a virtually zero interest money market account). I thought of it more of a keeper vehicle. The CLS I have is a play car and that is leased.
      The V90 is a play car for me.

      The others are owned.
      2006 XC70 76k - Ruby Red/Graphite - "Wichita" | 2011 Tacoma 14k - Green/Sand - "Timber"
      2007 XC70 65k - Black Stone/Graphite - "Springfield" | 2017 Miata RF GT 7k - Grey/Black
      2020 V90CC 1.9K - Osmium Gray/Maroon Brown - "Storm" | 2019 Honda Pilot 49K - Black/Black - "Toaster" - OpenPilot Development Guinea Pig
      Previous: 2013 XC70 | 2005 XC70 | 2005 V70 | 2007 XC70 | 2006 V70R | 1990 740 | 2019 XC90 | 2018 V90CC

    8. #6
      Junior Member B-SIDE's Avatar
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      Cool

      A) Own (finance)

      I don't like playing the "Guess the mileage" game - I sometimes drive my car long distances for work / play
      Plus I enjoy modifying things too much to lease, LOL
      Current : 2019 V90 R-Design P* - Full R-D package + Integrated Rear Booster Seats / Borla Exhaust / K&N Filter / Chrome Delete / Ceramic Pro on Electric Silver Metallic Paint / 98% De-badged (+ other minor customizations)
      Former : 2015 V60 P* (aftermarket Wheels / Exhaust / K&N Filter) Blackout + other minor customizations

    9. #7
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      Owned.

      I have no interest in trading out cars every few years. Plus, I tend to sink money on accessories (load bars, Stealth Hitch, etc.) that I don't want to have to re-do every few years, either. Generally, I buy cars new and then hang on to them for as long as possible. The car I traded in for my V90 CC was a 12.5 year-old MINI Cooper S that I bought new. I still miss it. But the Volvo is great and I plan to hang onto it for a decade or more.

    10. #8
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      Great surprise so far: Majority of the cars here are not leased!! I really thought the graph would be exactly other way around, but we just started the poll, so wait and see. Happy to see that I am not alone. As already mentioned, I think Volvo still makes some of the best cars which with proper care may last for a very long time. As long as you know the few weaknesses (e.g. Brakes) you will eventually find your way around them and can enjoy your car for a very long time. Hope to hear more from other members here.

    11. #9
      Member hfwilkesjr's Avatar
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      V90 is leased and the XC90 is owned. My wife changes her mind on cars after almost 3 years and I'm a 7-9 year owner.
      (Hers) Current Ride - 2020 V90CC T6 AWD
      ( His ) Current Ride - 2016 XC90 T6 AWD

      (Hers) Past Rides - 93 244, 05 XC90, 15.5 XC60, 17 XC60
      ( His ) Past Rides - 91 745, 05 S40 T5 FWD

    12. #10
      Junior Member pocholin's Avatar
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      Owned, I bought it as a used vehicle with the intention of keeping it for a long time (7-9 years)...however, the Panamera Sport Turismo has me doubting my long-term plans. Last time I bought a new car was in 1999 (literally).
      2017 V90 CC T6- Luxury pkg with full color paint Maple Brown with blond interior, convenience pkg, B&W, HUD, four-C. Racechip GTS.

    13. #11
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      Owned, financing about half of the total purchase price. My last three cars have been one model year old CPO Volvos that were dealership or Volvo USA company cars. I've not found a better value for money proposition for any car I might be interested in having.

    14. #12
      Junior Member 11110000's Avatar
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      Own. We picked up a 2017 S90 for the wife (trading WAY up from her C30!) I'm giving Volvo a go with the whole CPO, protection plan, and prepaid maintenance this time. I have traditionally purchased gently used Volvos and then maintained them myself for many years of ownership (e.g. my daily driver is a 2007 S80 V8 Sport.) However, with a house, 4 cars and a sailboat to stay on top of, something had to give. I'm also anxious to see how the tech stack holds up; my S80's adaptive cruise, BLIS, etc... have been flawless thus far, but the S90 has 10x the features and a lot more software. I'll gladly pay my way out of the garage to get a little more quality time doing other things for a change.

    15. #13
      Junior Member hackR's Avatar
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      2018 V90 Cross Country Ocean Race w/ polestar, blonde interior, B&W stereo...loaded except the rear child seat boosters...

      Leased...3 year @15k miles/year...financing rate was too low to not use Volvo Financing $s...plan to buy-it outright when lease is complete...

    16. #14
      Junior Member SeabeckS's Avatar
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      Both our Volvos are owned, 2007 V70 2.5T and 2018 V90 T6 Inscription. I can’t afford buying a new car every 3 or 4 years. So, I do my research and buy what I like with an expectation of owning the vehicle for a minimum of 10 years, out to a maximum of 15 or so. At my age I expect we will keep the V90 until we can no longer drive. The V70 has a lot of good miles left in it, so don’t expect it to get replaced any time soon either.

      We’ve never leased a vehicle.

    17. #15
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      2018 V90 Cross Country Ocean Race. Thankfully received a much higher than expected payout from the insurance company for my totaled 2016 V60 Polestar, so put some money in the bank, paid for two thirds of the car, and financed the rest at 0.0% for 36 months. Bit of a no-brainer (which is great, because I am not particularly bright).

      Note, my V90 was an OSD vehicle, and apparently leasing is not an option. Fine by me, but interestingly was a slight deterrent in moving the vehicle, per the dealer (to the underlying sentiment of your initial inquiry).
      2018 V90 Cross Country ORE
      2013 C30 PLE (#46)
      2016 V60 Polestar (RIP)

    18. #16
      Junior Member fusace's Avatar
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      2018 V90 CC Ocean Race here as well. Purchased last month, paid half cash and financed the other half with 1.99%. Plan on keeping the car until the extended warranted expires in 8 years (purchased VIP to 10 years/100K mi), hopefully longer depending on how the car holds up once the girls are off to college.

    19. #17
      Junior Member mattlach's Avatar
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      I made the mistake of leasing a car once.

      Never doing that again.

      The allotted mileage is way too restrictive, and if you as much as curb a wheel you may have to pay extra.

      All around it was a terrible experience. Never again.

      These days I almost always buy CPO cars, 2-3 years old (probably coming off lease)


      I guess if you have some sort of image consciousness emotional issues, and thus require the latest year model car every couple of years, AND you don't tend to drive many miles, it could make sense. Otherwise definitely not.

      Add up your average commute for a weeks and figure out what it winds up being over the year. For me this was usually ~3,000 miles per year. Somehow the trips back and forth to the grocery store added up though, as I could never seem to get away with much less than 20k miles per year, which makes leasing almost impossible.

      Better to buy it, drive it to the ground and then replace it. There is much more prestige in having a well maintained older high mileage car than there is in always having the latest thing. It shows you take care of your stuff!
      Last edited by mattlach; 09-15-2020 at 05:40 PM.

    20. #18
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      Lots of interesting and cool views here, I wish we had a like button in this forum :-)

    21. #19
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      Financed, I got a deal on a low mileage CPO With lots of equipment and by my projected calculations it should be less expensive than a lease on the lesser equipped models over a 4 year term


      Sent from my iPhone using Tapatalk

    22. #20
      Member skywolf's Avatar
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      Quote Originally Posted by mattlach View Post
      There is much more prestige in having a well maintained older high mileage car than there is in always having the latest thing. It shows you take care of your stuff!
      I do this with my older Volvos. I just like cool gadgets.
      2006 XC70 76k - Ruby Red/Graphite - "Wichita" | 2011 Tacoma 14k - Green/Sand - "Timber"
      2007 XC70 65k - Black Stone/Graphite - "Springfield" | 2017 Miata RF GT 7k - Grey/Black
      2020 V90CC 1.9K - Osmium Gray/Maroon Brown - "Storm" | 2019 Honda Pilot 49K - Black/Black - "Toaster" - OpenPilot Development Guinea Pig
      Previous: 2013 XC70 | 2005 XC70 | 2005 V70 | 2007 XC70 | 2006 V70R | 1990 740 | 2019 XC90 | 2018 V90CC

    23. #21
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      Paid cash for S90 as I sold a 2014 A8 4.0 for cash. I NEVER buy new, except for trucks and vans for my business, usually 2-3 years old tops. I bought my S63 Mercedes with 7800 miles on it......I did finance some of that as it was 110K. I tend to pay off cars very fast and never go the term of a loan. At my age, 66, I just don't want to finance anything. I have never leased......I think over a lifetime of never buying on impulse, buying wisely, haggling, garaging ALL my vehicles and really maintaining them has paid off. If you buy a used vehicle from me it is always in great condition with full service records.
      Current garage ....2017 S90 Inscription, 2018 Mercedes S63 Renntech tune 673 h.p., 2012 Sprinter van, 2018 VW Golf R APR stage 1. I am a car nut from WAAAAY back! Previously 2014 A8 SWB 4.0, 2013 E550, 2012 S550, 2010 E350 wagon, 2008 Audi S8. 39 Buick, 33 Nash coupe, 66 Comet, 67 Fairlane

    24. #22
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      Quote Originally Posted by mattlach View Post
      I

      I guess if you have some sort of image consciousness emotional issues, and thus require the latest year model car every couple of years, AND you don't tend to drive many miles, it could make sense. Otherwise definitely not.
      I've noticed in previous posts you have a penchant for knocking people who might not think the way you do. Grow up, man, or boy. We all have different likes.

    25. #23
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      Own, but not financed. I buy and hold for 9-10 yrs.
      2018 V90 T6 Inscription

    26. #24
      Junior Member lflorack's Avatar
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      Owned/Financed

      We keep our vehicles 10-15 years so the best deal for us is to own. And, we finance. With investments returning 4% to 8% - or more, and our Auto-Loan interest for our last three cars running between 0% and 1%, we can leave our investments alone to make more money than the loan would cost. At the current level of 0%, it would be like throwing money away to not finance.
      2020 V60 Cross Country T5 - Birch Light Metallic/Charcoal
      Advanced Package |Cross Country Pro Package
      Heated Steering Wheel/Rear Seat Package
      | Bowers & Wilkins

    27. #25
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      I always buy my cars for a number of reasons: If I like a car, I may keep it for 8 plus years. I drive a lot. I like owning things, so that if I feel like changing or modifying anything I can (although truth be told - now that I'm older, I don't really do this). This and my last car have been low mileage current year company driven cars. Very good buying experiences so I doubt I would buy new again (since the mileage when I buy is only a few months of driving for me). I also buy the extended Manufacturers warranty, if available (it was included in my price for the Volvo so built into the deal). People debate this - but for me, the peace of mind is worth it and I like that it's directly with the manufacturer/dealer network. My last car (an MB diesel) had to have a LOT of warranty work - the dealer always went to bat for me to get things covered so it paid for itself and a lot of my other warranties many times over - I always got a MB courtesy car when it was in the shop too.

      I used to lease my ex-wife's cars - but we would trade these in after 3 or 4 years so leasing made the process pretty painless. We went through a few 3 series, GTI's, etc and returned them before any major problems.

    28. #26
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      Would never lease a car. Too expensive over the long haul and most lease terms are a rip-off and far too restrictive for my driving needs. Always buy with cash and hold for 10 years or more, although I'll be unloading by 2017 CC next spring because I need a tow vehicle for a larger trailer. Will miss the CC, been a great car, although I'm getting tired of replacing warped rotors all the time.

    29. #27
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      Quote Originally Posted by Teleman View Post
      Would never lease a car. Too expensive over the long haul and most lease terms are a rip-off and far too restrictive for my driving needs. Always buy with cash and hold for 10 years or more, although I'll be unloading by 2017 CC next spring because I need a tow vehicle for a larger trailer. Will miss the CC, been a great car, although I'm getting tired of replacing warped rotors all the time.
      How often did you have to replace your rotors? Did Volvo cover those under warranty?

    30. #28
      Junior Member john_hamster's Avatar
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      Leased...screaming deal on ‘19 V90CC, where we’d lose less on 36 mos. monthly payments than car’s depreciation. Leaves us an option at lease-end on replacement. Would buy new if no yuuge lease deals.

    31. #29
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      Quote Originally Posted by Jack2020 View Post
      How often did you have to replace your rotors? Did Volvo cover those under warranty?
      Replaced them three times on a car with 50K miles. First two times covered by warranty, third time covered by extended maintenance plan that came with car as VW diesel owners incentive program. Now they’re starting to warp again after less than 10K and I’m out of the maintenance program so will try to get it covered nonetheless.


      Sent from my iPhone using Tapatalk

    32. #30
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      We leased our 2016 XC90 because I was concerned, given the problems at the time, with it turning into a pumpkin (or I guess a lemon) and being stuck with it. We wound up buying it out after the lease ran out as it had low mileage and had been solid for us. No issueS to date with it. We wound up buying a 2018 V90CC as well based on our experience with the XC90. Debates leasing it but financing was a better deal and interest rates were low.
      2013 S60 T5 w/ BLIS
      2016 XC90 T6 Inscription w/ Climate Package, Convenience Package and Vision Package
      2018 V90CC T6 w/ Luxury Package, B&W, Convenience Package, Protection Package and Advanced Package
      2008 Subaru Legacy Spec.B - Sold

    33. #31
      Junior Member pocholin's Avatar
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      Quote Originally Posted by Teleman View Post
      Replaced them three times on a car with 50K miles. First two times covered by warranty, third time covered by extended maintenance plan that came with car as VW diesel owners incentive program. Now they’re starting to warp again after less than 10K and I’m out of the maintenance program so will try to get it covered nonetheless.


      Sent from my iPhone using Tapatalk
      You might want to try to look for an upgrade option if it is going to be on your penny; factory rotors will just continue to warp on you.

      Sent from my XZ2 Compact using Tapatalk
      2017 V90 CC T6- Luxury pkg with full color paint Maple Brown with blond interior, convenience pkg, B&W, HUD, four-C. Racechip GTS.

    34. #32
      Junior Member mattlach's Avatar
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      Quote Originally Posted by pocholin View Post
      You might want to try to look for an upgrade option if it is going to be on your penny; factory rotors will just continue to warp on you.
      The pads are the problem, not the rotors. And there is no such thing as "warped rotors". This is a common misconception. Rotors do not warp (at least not under normal situations).

      The true cause of the vibrating sensation in the brakes is due to keeping the pedal pressed down while standing still and the brakes are hot.

      This "bakes" the pads against the hot rotors, causing a chemical change in the metal resulting in the rotors wearing unevenly, thus causing the vibration.

      This happens with all cars if you sit with the brake pedal pressed down at standstill when the brakes are hot, but I'm guessing that these new Volvo's just get hot brakes more easily, making the issue more likely.

      This was an issue on pretty much every car I ever owned, domestic and foreign, back when I was younger, more stupid and drove more aggressively.

      These days that my driving is more "zen" inspired (Accelerate slowly, leave enough space to the next car that you only ever need your brakes when coming to a standstill, and instead can coast down in speed) I haven't seen the issue in a long time, including on my S90.

      I vaguely remember doing research back in the day when I was young and irresponsible and drove "hard" all the time in order to find pads that are less likely to cause this issue when baking on rotors. This may have been the case with ceramic pads, but I can't remember. Someone else can probably chime in with more detail.

      Either way, as long as the brakes keep getting hot, and someone keeps the pads squeezed up against the rotors at standstill, this will keep happening over and over again.

    35. #33
      Junior Member pocholin's Avatar
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      Quote Originally Posted by mattlach View Post
      The true cause of the vibrating sensation in the brakes is due to keeping the pedal pressed down while standing still and the brakes are hot.

      This "bakes" the pads against the hot rotors, causing a chemical change in the metal resulting in the rotors wearing unevenly, thus causing the vibration.
      However, better rotors have better resistance to this "baking" effect. I've had the same issues with GM vehicles (Suburban, Impala SS and Corvette), as soon as I replaced rotors with aftermarket, the issues went away for ever...and I didn't have to change my driving habits.
      2017 V90 CC T6- Luxury pkg with full color paint Maple Brown with blond interior, convenience pkg, B&W, HUD, four-C. Racechip GTS.

    36. #34
      Junior Member Dave E's Avatar
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      Owned V90 T6AWD

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