Edmunds.com | Inside Line | Auto Observer Your Account | Help | Directory
You are here:
![[F]](http://a332.g.akamai.net/f/332/936/12h/www.edmunds.com/media/townhall/webxicons/site.gif){kind=small}
Forums
Prices Paid: Buying & Leasing Experiences Saab 9-3 Prices Paid and Buying Experience
653 messages, Last post on Nov 19, 2009 at 7:04 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
|
Replying to: kyfdx (Jul 04, 2005 6:47 pm) My question is, with the employee discount, can you bury negative equity into it? I'm only upside down by $900, and I'd really prefer to not put any cash into the deal. The $1600 or so upfront cash involved... can that be put into the payments?
|
|
|
Replying to: emtben (Jul 07, 2005 4:57 am)
|
|
|
Replying to: kyfdx (Jul 07, 2005 6:24 am)
|
|
|
Replying to: emtben (Jul 07, 2005 6:27 am) If your credit is good, rolling all of that into the cap cost won't be a problem, because the cap cost will still be well below the MSRP.. The key is going to be... will you really only be $900 upside down? Unless you made a big downpayment on your last lease, I'd be really surprised if that was the case.. But, you are looking at the car, and I'm not.... Good luck! regards, kyfdx
|
|
|
Replying to: kyfdx (Jul 07, 2005 6:41 am) |
|
| Well, you said it right there--it'll be a much nicer car than a 2.0 jetta. But i think kyfdx is right--you need to get a solid quote on what it will cost you to get out of the jetta. KBB trade-in won't tell you the whole story. However, what if you sell the jetta in a private sale, and use the proceeds to pay it off? What if you swap the lease? | |
|
Replying to: fijaicairo (Jun 30, 2005 6:36 pm)
|
|
|
Replying to: ktrue (Jul 07, 2005 12:43 pm) 2) Residuals drop every month.. The next model year is that much closer to coming out, and that affects the value of used cars... Remember, the residual value is a guess at what the used car will be worth at the end of the lease.. An '02 9-3 is worth less this month, than it was in March... 3) When you discount a new car by a large amount, it will naturally affect what it will be worth in three years.. If they are knocking 25% off the MSRP, then you can't expect a high residual percentage.. 4) Cars that don't get discounted a lot have higher residuals (see BMW/Honda).. Cars with big discounts generally have low residuals (See Saab/Kia/Hyundai..any domestic brand). In a nutshell... you are overestimating what the car will be worth in three years.. Saabs have terrible resale values.. And you can't go by the person next to you.. she might have put $2500 or more down on the lease... regards, kyfdx
|
|
|
Replying to: kyfdx (Jul 07, 2005 12:58 pm) I don't know where you are getting your info from, but when you look up the residual value of these cars on NADA and KBB, they are quite high. Usually around $16, 000 and up. So after we are paying off more than our use of the car, they are selling it for 16 grand still. The "wholesale" value as you call it is actually quite high on these! So I don't think I am "over estimating" what the car will be worth! SO therefore, I am sticking with my original claim....that we are getting ripped off!
|
|
|
Replying to: ktrue (Jul 08, 2005 10:09 am) The bank doesn't sell your car to someone for $16K.. They sell the car wholesale. either through an auction.. or directly to your dealer.. Your dealer then re-sells the car.. They have to make a profit on it... They won't buy it from the bank for $16K, then sell it for $16K.. If you feel you are being ripped off, then go elsewhere.. You know the terms of the deal upfront.. How can that be a ripoff? |
|
You are here:
Forums
Prices Paid: Buying & Leasing Experiences Saab 9-3 Prices Paid and Buying Experience
New? Join Now!
Forum Tools
Search Forums
Browse by Vehicle
2009 Saab 9-3
Browse by Board
Browse by Topic
Today's Chats
