Costco members who lease a 2025 Volvo EX90 electric SUV can now take advantage of the biggest discount offered by the retailer’s auto program.
Fellow Internet Brands site CarsDirect found a potential $10,000 in savings for Costco members who are also current Volvo customers, and are planning to lease a new EX90 between now and Apr. 30.
2025 Volvo EX90
This starts with $2,000 just for being a Costco Executive member, or $1,500 for Gold Star and Business members. Lower incentives of $1,250 for Executive members and $1,000 for Gold Star and Business members are also currently available for several General Motors EVs, according to the Costco website. Those eligible models include the Chevrolet Blazer EV, Equinox EV, and Silverado EV, as well as the GMC Hummer EV and Sierra EV.
That discount can be combined with a $500 loyalty discount for returning customers and a $7,500 EV lease incentive from Volvo, likely an application of the EV leasing loophole that allows manufacturers with captive leasing arms to take a $7,500 credit and pass the savings on to a customer.
2025 Volvo EX90
The EX90 might qualify for a lease credit, but it doesn’t yet qualify for the $7,500 purchase credit. The EX90 is U.S. built, and is priced just under the ceiling for the credit, meeting some qualifications, but not all of them.
Costco has offered its discount EV program for some time, but it only in recent months jumped back into EV charging. Costco was one of the first big-box retailers to offer charging, installing Level 2 chargers at some California locations in the 1990s. It pulled the plug on those stations in 2011 and 2012, but last year resumed installing DC fast chargers while keeping its profitable gas pumps.