Just in the process of confirming the order for my FL2 replacement. Have been delayed a couple of weeks waiting for the fleet folks to process updated Volvo price information, they're just changing to Model Year 2010.

Here is the stark (and sad) reality of the situation. The V70 I'm looking at has a list price a couple of hundred pounds more than FL2 GS, however the monthly lease cost of the FL2 is 47% more than the Volvo.

Most of the difference is accounted for by the (massive) difference is residual values. At 30 months the LR2 is showing 36% while the Volvo is at 53%.

Sorry folks, I know this is not good news but this is the grim reality and is the reason why I can't replace my FL2 with another one. Stornoway Grey GS ... What a fine motor ... but not any more ... ... psst look at my gallery!
Company cars ... a thing of the past - May 2013.

Volvo is at 53%. good luck to that salesman no-one will stump that much up for a second hand Volvo in 3 yrs. Who makes these figure up? That size of car rarely keeps that value even the 'premium' ones At work
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"I can't always believe facts I read on the web" - Charles Dickens

winner by default of the tractor vs caravan race

http://www.whatcar.com/depreciation-index....&ED4=0 At work
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"I can't always believe facts I read on the web" - Charles Dickens

winner by default of the tractor vs caravan race

Just added the BMW X3 for fun. Does that one drop in price. After 1 year the 5700 you pay more as new, drops to 1500 more worth making almost the same value as a FL2.

You'd better be off with an FL2 as it not only looks better, is at least here in Belgium quite rare and keeps it's value better.

chicken george wrote:

Volvo is at 53%. good luck to that salesman no-one will stump that much up for a second hand Volvo in 3 yrs. Who makes these figure up? That size of car rarely keeps that value even the 'premium' ones

I understand your cynicism but our lists are updated on a monthly basis with real world figures, actual disposal prices. The fleet organisations have taken a real hit in the recent past as they didn’t anticipate what a crap year 2008 was going to be. They certainly can’t afford to be optimistic on forecast values now.

Having been watch our list closely for the past 6 months or so I can see trends developing that are becoming much more model specific, for example the particular V70 I’m going for is a 2.0D, this model offers the best residual of all V70’s which helps to keep lease cost quite reasonable. I guess that CO2 and VED grouping have impact on this, hence the 2.0D stands up well in the depreciation stakes. Stornoway Grey GS ... What a fine motor ... but not any more ... ... psst look at my gallery!
Company cars ... a thing of the past - May 2013.

chicken george wrote:

http://www.whatcar.com/depreciation-index....&ED4=0

Thats a very useful tool

I can see where the differences are, our 30 month residual values are showing £8700 for the FL2 and £12900 for the V70, that’s difference of £4200, where the Whatcar guide shows them level pegging.

On our system the FL2 value is clearly very pessimistic and the V70 slightly optimistic. Given that our fleet operator will have caught a real cold with my current car then I guess they’re pricing to avoid any repetition, but in doing that they are also pricing the car out of existence. For reasons that I can’t explain they have much more confidence in the future value of the V70, certainly in its 2.0d guise. Stornoway Grey GS ... What a fine motor ... but not any more ... ... psst look at my gallery!
Company cars ... a thing of the past - May 2013.

avtur wrote:

Most of the difference is accounted for by the (massive) difference is residual values. At 30 months the LR2 is showing 36% while the Volvo is at 53%.

The Volvos higher percentage must be down to a discounted purchase price on the new car ?? At work
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"I can't always believe facts I read on the web" - Charles Dickens

winner by default of the tractor vs caravan race