Car Moon

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!

For the 2011 model year, Volvo is introducing a new five-cylinder 2.0-litre turbo diesel that will be available throughout its range while the Swedish automaker also upgraded the six-cylinder petrol engines offered on the S80, V70, XC70 and XC60.

The new five-cylinder diesel unit is in principle the same engine as the 2.4-litre diesel, but its displacement has been reduced (with a shorter stroke) to 2.0-liters. It will be offered in three different variants in terms of output.

Since we don't like jumping on any 'bandwagon' without sufficient additional information, we not too eager to adopt Swedish car magazine Teknikens Varld's claims that this rather simple rendering depicts an early illustration of the next-generation Volvo XC90 SUV/Crossover. The screenshot allegedly comes from an internal video presentation and it appears to show a larger model than the XC60 crossover model with an even more station-wagon profile.