What's in store:
The mildly refreshed 2020 XC90 remains in adequate supply in most areas. Dealer pricing has improved over the past year, but don't expect major discounting.
The T8 plug-in hybrid version of the CX90 still qualifies for a $5,419 federal tax credit, but it's no longer eligible for the California Clean Vehicle Rebate due to revised minimum range requirements.
Current factory offers vary by region and will remain in effect through March 31, 2020 unless otherwise noted. Examples shown here are for California and other western states.
Up to $4,000 off:
Every 2020 XC90 now comes with a $3,500 factory rebate. That's well above average for the point in the model year.
In addition, current Volvo customers will receive a $500 loyalty bonus or $1,000 toward a lease.
What to expect on a lease:
Like last month, the front-drive 2020 T5 Momentum starts at $485 for 36 months (10,000 miles a year) with $4,885 due at signing. The effective monthly cost is $621, 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 $665 a month with $5,065 at signing. We consider this a good deal since the T8 carries a substantially higher MSRP.
Low rate + cash:
In addition to the cash offers on a 2020 XC90, you can get 2.99% financing for 60 months or 3.49% for 72 months from Volvo.