Volvo XC90 pictures

The Volvo XC90 is a mid-size luxury crossover SUV produced by Volvo Cars since it was unveiled at the Detroit Motor Show 2002. It is based on the P2 platform, shared with the first generation Volvo S80 and other large Volvo cars. As Volvo's top-selling vehicle in the United States, the XC90 was also Volvo's best selling model worldwide in 2005 with 85,994 cars sold.

Volvo XC90

Volvo XC90

Volvo XC90

Volvo XC90

Volvo XC90

Volvo XC90

Report: Owners Leasing Cars May Be Able to Make a Profit

With the recent surge in used car prices in the U.S., many people leasing vehicles have discovered the surprising fact that the market value of their automobiles is greater than the dealer’s quoted residual (buyout) price.

All a would-be lessee needs to do is buy the car from the dealer and sell it on privately. The dealer gets the residual amount and the former lessee pockets a tidy sum.

Take the example of a 2008 Volvo XC90. With more than twelve months left on the lease, the dealer’s buyout price was a quoted US$18,500. Compare this to the amount the lessee was likely to get by selling the car privately: a far more substantial US$27,000. That’s a profit of US$8,500!

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