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S60 & V60 '18> / XC60 '17> / S90 & V90 '16> / XC90 '15> General Forum for the SPA-platform 60- and 90-series models |
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Poor XC90 residualsViews : 4913 Replies : 35Users Viewing This Thread : |
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Nov 22nd, 2020, 10:47 | #1 |
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Poor XC90 residuals
Looking at trade prices for my car at just over a year old and they are a tad over 50% of list including options, pretty disappointing. Then I get an e-mail from my dealer offering me £12k off a new order including 'loyalty discount'. Then I notice that the GFV at month 49 in this is £5-6k less than on my contract. It's tough out there!
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MY20 XC90 T5 Momentum - sunroof, air suspension and some other bits Last edited by Discoman; Nov 22nd, 2020 at 10:51. |
Nov 22nd, 2020, 19:46 | #2 |
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As someone who will never buy a new car, I can’t say I’m upset to hear about poor residuals!
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Nov 22nd, 2020, 20:27 | #3 |
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I’m convinced Volvo and other manufacturers don’t want people to actually buy their cars, just lease them. Constant revenue stream for them, and a constant throughput of new cars required.
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Current; XC90 B5P Momentum Past; V90 Cross Country D4 2017 Polestar, XC90 D5 ES 2014, C70 T5 SE 2008, S60 2.0T SE2006, V40 1.9D SE 2004, S40 1.8GDI SE 2002 |
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Nov 22nd, 2020, 22:14 | #4 |
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Nov 23rd, 2020, 09:54 | #5 |
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Of course even if we lease or PCP vehicles the spread between discounted list and the terminal value is relevant as is the appropriate interest rate. Obviously with a lease it is far easier for manufacturers' to hide additional support but with a PCP the true state of affairs is clear to see.
Personally I struggle to find cars in the spec I want used so I tend to go new but then keep them 6-8 years so that the depreciation evens out. For the XC90 I wanted air suspension, sunroof and small wheels - not an easy find.
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MY20 XC90 T5 Momentum - sunroof, air suspension and some other bits |
Nov 23rd, 2020, 10:51 | #6 | |
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Quote:
Makes running my T8 at nearly 5 years old and 110,000 miles look like a veritable bargain at the current value of circa 32% of list.......
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Currently:- MY16 XC90 T8 Momentum, Magic Blue 174k miles. MY17 V60 T4 Power Blue. Previously:- 1997 V70 T5 exPolice; 2005 V50 2.0D; 2013 XC70 D5 |
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Nov 23rd, 2020, 11:12 | #7 |
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Mine will be about the same at that stage. It's the first year hit which is beginning to look larger than before but given discounts are getting much bigger as well it is getting massaged out!
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MY20 XC90 T5 Momentum - sunroof, air suspension and some other bits |
Nov 23rd, 2020, 11:56 | #8 |
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I'm glad I bought mine with the intention of keeping it for at least 6 years!
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MY20 XC90 Inscription Pro T8 in Onyx Black. Metal Mesh Inlays. Charcoal Seats. Polestar. Xenium Pack. B&W. Intellisafe Surround. Laminated and Dark Tinted Windows. Heated Rear Seats. Integrated Running Boards. |
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Nov 23rd, 2020, 18:38 | #9 |
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Didn’t the saying use to be that Porsche were a bank that just happened to also make cars? I may be mis-remembering.
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Current; XC90 B5P Momentum Past; V90 Cross Country D4 2017 Polestar, XC90 D5 ES 2014, C70 T5 SE 2008, S60 2.0T SE2006, V40 1.9D SE 2004, S40 1.8GDI SE 2002 |
Nov 23rd, 2020, 19:11 | #10 |
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