What's in store:
The mildly refreshed 2020 XC90 continues arriving at dealers, and healthy cash incentives are already available. Volvo has stated it plans to introduce a hybrid version of the XC90, but there's no release date yet.
The 2019 XC90 remains in decent supply for now. Pricing has improved since the model's introduction, but don't expect major dealer discounting.
Current factory offers vary by region and will remain in effect through December 2, 2019 unless otherwise noted. Examples shown here are for California and other western states.
Cash across the board:
The popular T6 version of the 2019 XC90, which comes standard with all-wheel drive, carries a whopping $6,250 rebate for all buyers.
Rebates on the other 2019 XC90 models range from $2,500 to $4,500. The R-Design and Inscription trims carry the most cash.
Every 2020 XC90 comes with a $1,000 rebate. Select trims carry an additional $1,000 to $1,500 bonus cash. That brings your potential savings a 2020 XC90 to $2,500, a generous amount for this early stage of the model year.
In addition, current Volvo customers will receive a $500 loyalty bonus, or $1,000 toward a lease. This perk is available on both model years.
Free first lease payment:
Once again, the front-drive 2019 T5 Momentum starts at $445 for 36 months (10,000 miles a year) with $4,845 due at signing. The T8 Momentum AWD is available from $655 a month with $5,055 at signing.
The effective monthly cost of these leases is $580 and $795, respectively. Both rank as very good values when you take MSRP into account.
The 2020 T5 Momentum now starts at $489 a month with $4,889 at signing. The effective monthly cost is $625, which falls just short of a good value in our book. We should see an offer we can recommend within the next few months.
Value is somewhat better on the 2020 T8, which goes for $679 a month with $5,079 at signing.
Whichever model you choose, Volvo will waive your first payment up to $750.
Low rate + cash + free first payment:
In addition to the cash offers on a 2019 or 2020 XC90, you can get 2.99% financing for 60 months, or 3.49% for 72 months. What's more, Volvo will waive your first payment up to $750.