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Saab 9-3 Lease Questions

546 messages,  Last post on Sep 15, 2009 at 10:35 AM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

What is this discussion about? Saab 9-3, Car Leasing, Convertible, Sedan, Wagon


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#221 of 546
Re: Saab Conv 2.6 [mikendeb] by deallover05
Aug 22, 2006 (7:07 pm)
Reply

Replying to: mikendeb (Aug 17, 2006 4:59 pm)

NewB here.
First time in my life trying to lease a car.
Dealer quoted me a price for a demo car as follows.
 
Saab 9-3 2.0T
Miles: 7500
MSRP: $26800
Rebate: $2500
Price = $24300
 
12000 miles/Yr and 27 months term.
Asking for $390 per month with $1800 (TTL + fees) as a down payment.
 
It sounds too much to me especially it has 7500 miles on it.
He used 5.34% GM rate and about 66% residual.
 
They seem desparate is getting rid of thie car.
What should be my good offer ( I want to put $0 down but he said in order to preserve interest rate I need to put down $800 atleast, I want 15000 miles/yr).
 
Any help here will be appreciated greatly.
Thank you.
#222 of 546
Help me get a saab 9-3 aero lease! by noah2
Aug 23, 2006 (11:35 am)
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I'm also trying to lease a saab 9-3 aero. I have gotten quotes from $439 to $600. I saw a car advertised for $29,900 new. The dealer said for a lease they had to go off the msrp which is not true that I know of. The way I figure it is the car is $29900, the residual is $19,000 for a 36 month, wouldn't I be paying $10,000 over a three year period plus tax and interest? How are the dealers getting to these outrageous amounts with no money down? what am I doing wrong? Is the $3000 cash back good on a lease veichle? I live in Illinois so if someone got a lease deal with no money down in the $300's-$400's a month atfer now the employee pricing is over can you please tell me which dealship you bought it at?
#223 of 546
Re: Help me get a saab 9-3 aero lease! [noah2] by radioative2006
Aug 24, 2006 (12:38 pm)
Reply

Replying to: noah2 (Aug 23, 2006 11:35 am)

Patrick Saab , Please see my post for details, I think its above
#224 of 546
Re: Help me get a saab 9-3 aero lease! [radioative2006] by noah2
Aug 24, 2006 (1:50 pm)
Reply

Replying to: radioative2006 (Aug 24, 2006 12:38 pm)

radioactive,
How long did you lease for? You did not trade any cars or put any money down correct? What is the $ amount for you residual? How was your experience there, are they upfront right away?
#225 of 546
Re: 2006 Saab 9-3 to redrumkev [radioative2006] by brinks2
Aug 26, 2006 (11:24 pm)
Reply

Replying to: radioative2006 (Aug 15, 2006 8:11 am)

hi also looking in chicago area for 9-3. Does Patrick saab
give the gsm to everyone and will they give me the 2500 off sticker? Do you recommend them?
#226 of 546
$435 15k miles 27 months $0 down - good deal? by deallover05
Aug 29, 2006 (12:04 pm)
Reply

Replying to: kyfdx (Aug 11, 2006 3:30 am)

Hi,
I need an urgent help here. Please reply soon, I will really appreciate it.
 
Lease: 2006 Saab 9-3 Auto with sunroof.
MSRP: $28250
Price: $24750
TTL: ~$2000
Total capitalized cost: $26750
Term: 27 months
Interest rate: 5.9%
Residual value: $18085.40
Down payment: $0
 
Payment: $435/month including 8.25% tax.
 
Can I do better?
Please advise.
 
I read above by Car_man that the rate used by GMAC for 9-3 is 3.94%. My dealer is using 5.9%.
 
Thanks.
#227 of 546
Re: $435 15k miles 27 months $0 down - good deal? [deallover05] by brinks2
Aug 30, 2006 (11:39 am)
Reply

Replying to: deallover05 (Aug 29, 2006 12:04 pm)

bad deal! stay away
IR s/b 3.94
residual s/b .71 which is 20,057
thte total cap cost s/b about 28250 less 1700 plus 2000
which is about 28550, then plug in the numbers above
which will get you a payment of about $395
the 28250 less 1700 is invoice and what the cars are leasing
at now or less. You should pay no more than 390 with nothing down, no money out the door.
#228 of 546
Re: $435 15k miles 27 months $0 down - good deal? [brinks2] by deallover05
Aug 30, 2006 (1:24 pm)
Reply

Replying to: brinks2 (Aug 30, 2006 11:39 am)

Hi brinks2,
Thanks for the reply.
I also got about 390 number when I plugged in 3.9% APR and residual value at 69% not 71% though.
 
Dealer seems desperate but I feel bad pushing it more.
This is the first time I am leasing a car so just wanted to make sure that I get a good deal on 2006 model Saab.
 
Thanks.
#229 of 546
Re: Saab Conv 2.6 [mikendeb] by Car_man HOST
Sep 07, 2006 (1:47 am)
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Replying to: mikendeb (Aug 17, 2006 4:59 pm)

Hi mikendeb. You never mentioned the selling price or MSRP of the car that you are interested in leasing. These are important numbers for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing this car's selling price in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. I would be more than happy to give you my opinion on this deal if you let me know what these numbers are.
 
Car_man
Host
Prices Paid Forum
#230 of 546
Re: Saab Conv 2.6 [deallover05] by Car_man HOST
Sep 07, 2006 (1:53 am)
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Replying to: deallover05 (Aug 22, 2006 7:07 pm)

Welcome deallover05. Since you are new to the world of leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.
 
One of the most important things to remember when leasing is that the selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. The only difference between negotiating the capitalized cost for a lease and the selling price for a vehicle that you intend to pay cash for may be in the incentives that are available on each type of transaction. The $2,500 dealer cash that you mentioned in your post is not available in conjunction with leases through Saab Financial Services Corp.
 
It appears as though you are not being given any sort of discount on the car that you are interested in. If this is the case, this is a TERRIBLE deal. You should be able to lease a Saab at pretty close if not right at dealer invoice without too much trouble if you are in an area that has a decent level of competition. And I am talking about a brand new Saab, not one that already has 7,500 miles on it. I personally would not lease a demo car with that many miles unless I could get it for substantially below dealer invoice.
 
Car_man
Host
Prices Paid Forum

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