What's in store:
The 2021 XC90 is now stocked in decent numbers across the country. The former T8 plug-in hybrid is now known as the T8 Recharge and carries a lower MSRP. Dealer pricing has improved over the past year, but don't expect major discounting.
The T8 Recharge still qualifies for a $5,419 federal tax credit, but is no longer eligible for the California Clean Vehicle Rebate due to revised minimum range requirements.
The 2020 XC90 has sold out.
Current factory offers vary by region and will remain in effect through November 30, 2020 unless otherwise noted. Examples shown here are for California and other western states. It's possible Volvo will enhance incentives for Black Friday weekend.
Up to $6,250 off:
Volvo now offers a $3,000 rebate on the 2021 XC90 T5 and T6 trims. The amount increases to $4,000 on the T8.
Current Costco members will also receive a $1,250 bonus on any trim.
In addition, current Volvo customers are eligible for $1,000 loyalty bonus on any CX90 model, or $500 toward a lease.
What to expect on a lease:
Once again, the 2021 T5 Momentum starts at $529 a month with $4,929 at signing. That's not bad for the first offer of the model year, but it's still a tad high for us to recommend.
The line-topping 2021 T8 Recharge Inscription Expression starts at $615 a month with $5,015 at signing. We consider this a good value relative to MSRP.
Pay no interest, get cash:
In place of the standard rebate on a 2021 XC90, Volvo now offer 0% financing for 60 months. The deal comes with $2,000 bonus cash on the T8, and $1,000 on the other trims.
You can combine is offer with the Costco bonus and loyalty bonus if you qualify.