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    Thread: Care: by Volvo

    1. Senior Member chucchinchilla's Avatar
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      07-31-2020 03:41 PM #26
      Quote Originally Posted by chucchinchilla View Post
      Since I'm on a boring conference call I decided to look up some info using the Volvo site and a local dealer.

      2020 Volvo XC40 T5 R-Design

      Dealer lease special: 10,000 miles a year, 36 months
      $419 per month for 36 months. $3,919 due at signing,
      Insurance: Average cost for Volvos is $165.20/mo
      All in including down/monthly/insurance: $693.06 a month

      Care by Volvo: 15,000 miles a year, 24 months
      $700 per month, $0 due at signing, insurance included


      Note: I couldn't find a 24 month lease to compare so to keep apples to apples, let's say you sign up care by Volvo and swap cars after month 12 which signs you up for 24 more months. Also we all know insurance rates can vary greatly so for discussion sake let's assume that average insurance number I found on the internet is accurate.


      Winner: Care by Volvo. Both cost roughly the same however with Care by Volvo you get more mileage a year, the ability to swap cars after a year, and zero maintenance costs which translates to free tires since everything else is already covered. Actually factoring in a free set of tires makes Care by Volvo cheaper than leasing.

      Ok ok ok I see my insurance figure has ignited a huge debate so....and I can't believe I went this far but I love you guys....I ran a quote through my USAA insurance as if I was replacing my A6 with a leased XC40 T5 R-Design w/same coverage and 9K yearly mileage.


      Actual Insurance Rate: $81.73 a month w/9K miles a year

      Adjusting my numbers the math looks like this..

      Dealer lease special: 10,000 miles a year, 36 months
      $419 per month for 36 months. $3,919 due at signing,
      Insurance: $81.73. Note even when I jacked up the mileage to 15K/year, the premium was still just $89.81.
      All in including down/monthly/insurance: $609.59 a month

      Care by Volvo: 15,000 miles a year, 24 months
      $700 per month, $0 due at signing, insurance included


      Additional consideration: Tires are covered with Care by Volvo. Even if you factor a $1000-1200 savings into the Care by Volvo price, a traditional lease still comes out way cheaper.


      New winner: Traditional lease.

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    3. Member Crispyfritter's Avatar
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      07-31-2020 04:39 PM #27
      That may be the case, but does it work for the XC90? That seems to be where the value lies.

      Chris
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    4. Member mhjett's Avatar
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      07-31-2020 04:40 PM #28
      Quote Originally Posted by chucchinchilla View Post
      Since I'm on a boring conference call I decided to look up some info using the Volvo site and a local dealer.

      2020 Volvo XC40 T5 R-Design

      Dealer lease special: 10,000 miles a year, 36 months
      $419 per month for 36 months. $3,919 due at signing,
      Insurance: Average cost for Volvos is $165.20/mo
      All in including down/monthly/insurance: $693.06 a month

      Care by Volvo: 15,000 miles a year, 24 months
      $700 per month, $0 due at signing, insurance included


      Note: I couldn't find a 24 month lease to compare so to keep apples to apples, let's say you sign up care by Volvo and swap cars after month 12 which signs you up for 24 more months. Also we all know insurance rates can vary greatly so for discussion sake let's assume that average insurance number I found on the internet is accurate.


      Winner: Care by Volvo. Both cost roughly the same however with Care by Volvo you get more mileage a year, the ability to swap cars after a year, and zero maintenance costs which translates to free tires since everything else is already covered. Actually factoring in a free set of tires makes Care by Volvo cheaper than leasing.
      Head on over to the Sweedespeed forums if you want to read up on people's experiences with CBV. There were more than a few bumps in the road with the XC40 owners who were the first CBV customers. It may be better now.

    5. Member Dandbest's Avatar
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      07-31-2020 04:59 PM #29
      Care by Volvo works for some, doesn't for other. When we had it here in NYC, it was super popular because insurance rates here are super high. For a lot of people here, insurance costs $4-500 per month, so it was a no brainer. Then, the deal Volvo had with Liberty mutual went south and care by volvo was discontinued in NY/NJ over a year ago. The other upside to CBV is that its 24 months vs the traditional 36, and to a lot of people that matters. To those comparing traditional with CBV, you should compare traditional 24 month lease, I guarantee you the numbers will come out different.

    6. Geriatric Member absoluteczech's Avatar
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      07-31-2020 05:42 PM #30
      Quote Originally Posted by elite.mafia View Post
      First of all there is no s80 anymore, they make a s60 and a s90. Maybe an s60 could be had for that price, but I highly doubt that you can get a s90, which is a $50,000 MSRP luxury barge
      second of all the vast majority of buyers aren't getting those crazy deals.

      https://www.volvocars.com/us/shoppin...ase/offers/s90


      s60, yes, easily can be had for under 400/month 0 down

      https://www.volvocars.com/us/shoppin...ase/offers/s60
      it was a typo, but anyways my point stands. not applicable now but you could in fact lease s90's for <400

      https://leasehackr.com/blog/2017/11/...0-down-msd-tax

      https://forum.leasehackr.com/t/signe...693-das/136751

      the point i was trying to make is that he was using a public lease "deal" off a dealers website to compare numbers when in fact you could easily get a lower price if you actually negotiated

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      07-31-2020 07:14 PM #31
      dont forget tax on the lease.

      anyway when CBV subscriptions kicked off it was like $700 for a poverty spec $35k xc40, not an rdesign and it wasnt even remotely close to as cheap as a lease, not by a long shot

      arent these programs all failing because they figured out people actually get tired of the hassle of switching out cars, moving crap over, etc?

    8. Member elite.mafia's Avatar
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      07-31-2020 07:30 PM #32
      Quote Originally Posted by absoluteczech View Post
      it was a typo, but anyways my point stands. not applicable now but you could in fact lease s90's for <400

      https://leasehackr.com/blog/2017/11/...0-down-msd-tax

      https://forum.leasehackr.com/t/signe...693-das/136751

      the point i was trying to make is that he was using a public lease "deal" off a dealers website to compare numbers when in fact you could easily get a lower price if you actually negotiated
      That's crazy that those leases are like half the cost of the advertised leases on volvo's website.
      2zz-ge 6mt trying to rev to mars

    9. Member Dandbest's Avatar
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      08-01-2020 02:16 PM #33
      Quote Originally Posted by elite.mafia View Post
      That's crazy that those leases are like half the cost of the advertised leases on volvo's website.
      You realize the examples he's showing you are 2-3 years old? You are not getting a S90 for under 400 without a significant amount of money down currently.

    10. Member elite.mafia's Avatar
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      08-01-2020 02:40 PM #34
      Quote Originally Posted by Dandbest View Post
      You realize the examples he's showing you are 2-3 years old? You are not getting a S90 for under 400 without a significant amount of money down currently.
      I was being sarcastic, trying to point out how ****ing ridiculous it is to expect to get a s90 for half the price advertised.
      2zz-ge 6mt trying to rev to mars

    11. Member Dandbest's Avatar
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      08-01-2020 03:16 PM #35
      Quote Originally Posted by elite.mafia View Post
      I was being sarcastic, trying to point out how ****ing ridiculous it is to expect to get a s90 for half the price advertised.
      I must have misunderstood, disregard

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      08-01-2020 04:12 PM #36
      Not knowing how lease returns work, but you get dinged for returning with dents and crubbed tires and stained carpets right?

      Is there a benefit of having the insurance in house and being able to roll a smoldering pile in after 23.9 months and drop the keys? That's what I was assuming when these subscriptions came out.

      Sort of like a regular rental when you buy their insurance.

    13. Member Dandbest's Avatar
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      08-01-2020 04:15 PM #37
      Quote Originally Posted by gotcha640 View Post
      Not knowing how lease returns work, but you get dinged for returning with dents and crubbed tires and stained carpets right?

      Is there a benefit of having the insurance in house and being able to roll a smoldering pile in after 23.9 months and drop the keys? That's what I was assuming when these subscriptions came out.

      Sort of like a regular rental when you buy their insurance.
      So the CBV use to include wheel and tire warranty, so bubbles and f'd up wheels would be covered. It also use to include damage waiver up to $1000 (which isn't included in a traditional lease). So to answer your question, yeah, kind of? Like if you don't totally destroy the car you should be fine.

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      08-02-2020 10:21 PM #38
      Quote Originally Posted by The_Real_Stack View Post
      Alright, I was wrong, Acura is $74 and Jeep is $67; my S2000 is like $40 so on average it was around $50, I didn't do the breakout per car until now (total bill every six is $1100, $1100/6/3 = $60).

      Either way.

      ...


      Also, I keep my car insurance limits low because I also have an umbrella policy, so if you didn't (everyone should but if you didn't) I guess your insurance might be higher?
      I miss cheap Illinois insurance. :/
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      TCL would suggest a Bi-Turbo to a single mother of 4 just for sh*t's and giggles.
      Quote Originally Posted by Sold Over Sticker View Post
      Here we can all drive like Colin McRae in his prime, earn $25k a month and bang super models. We can also text and drive.
      Quote Originally Posted by BRealistic View Post
      You only live once, and you can file for Chapter 7 Bankruptcy every 8 years.

    15. 08-03-2020 08:03 AM #39
      Quote Originally Posted by ice4life View Post
      Those numbers are in no way realistic. No one is paying $50/month for insurance on a brand new Volvo, and show me a Volvo dealership doing an oil change for $50. You might do them in your driveway, but Volvo lessees are not.

      In the end Care does end up being the better option all in. It's just a lot conceptually when you look at it without breaking out what you actually get.
      I agree that the numbers dont add up. My wife and I have very good insurance and considered A paper and wouldnt be close to 50 a month on a new volvo. I thought when this program launched one of the advantages was the ability to swap cars? I think they were going to copy what Porsche and few others were doing with this. Unlike a lease were you are locked in to the car for the lease term, I thought Volvo Care would allow you to change out cars during your contract.

      Just took a quick glance, after 12 months you can swap to any other car in the program. It does look like it makes you extend another 24 months when you do that.
      Last edited by Mr Roo; 08-03-2020 at 08:07 AM.

    16. Geriatric Member absoluteczech's Avatar
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      08-03-2020 10:19 AM #40
      Quote Originally Posted by elite.mafia View Post
      I was being sarcastic, trying to point out how ****ing ridiculous it is to expect to get a s90 for half the price advertised.
      youre looking at it in black in white and missing my point. Regardless of how common it is/was to get a S90 for that the point is "lease specials" posted on a dealer owned website arent always the best deal. Volvo's can be had for significant discounts throughout the year. Do some research

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