If you’re in the market for a luxury electric SUV, Costco has an exclusive deal that could save you big. The 2025 Volvo EX90 is now available with a massive $10,000 discount, making it one of the best EV lease offers available. But there’s a catch—it’s only for Costco members, and it applies to leases, not purchases.
Breaking Down the $10,000 Discount
Volvo’s all-electric EX90 is packed with advanced safety features, a 300-mile range, and a sleek Scandinavian design. But with a starting price of around $77,000, it’s a pricey investment. Costco’s latest offer makes leasing this premium SUV much more affordable. Here’s how the savings add up:
- $7,500 Volvo EV lease incentive – This likely comes from Volvo utilizing the federal EV leasing loophole.
- $2,000 Costco discount – Available for Executive members ($1,500 for Gold Star and Business members).
- $500 Volvo loyalty discount – For current Volvo owners leasing a new EX90.
Who Qualifies for the Deal?
Not everyone can take advantage of this offer. To qualify for the full $10,000 savings, you must:
- Be a Costco member – Executive members get the highest discount.
- Lease a 2025 Volvo EX90 before April 30, 2025.
- Own or lease a Volvo to receive the $500 loyalty bonus.
Why Is Volvo Offering This Huge Discount?
Luxury EVs face tough competition from Tesla, Rivian, and BMW, making aggressive deals essential. Leasing is also becoming a more attractive option, as it protects buyers from rapid depreciation and shifting tax credit rules. This Costco deal helps Volvo stay competitive without lowering the EX90’s sticker price.
Is This the Right Deal for You?
If you were already considering a premium three-row EV lease, this could be a rare chance to save big. However, if you prefer to buy, the EX90 does not yet qualify for the $7,500 federal purchase credit, making leasing the smarter move.
With this deal expiring soon, Costco members will need to act fast. Will more automakers follow Volvo’s lead with exclusive discounts?
