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Saab 9-3, Car Leasing, Convertible, Sedan, Wagon
#226 of 559 $435 15k miles 27 months $0 down - good deal?
Aug 29, 2006 (12:04 pm)
I need an urgent help here. Please reply soon, I will really appreciate it.
Lease: 2006 Saab 9-3 Auto with sunroof.
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?
I read above by Car_man that the rate used by GMAC for 9-3 is 3.94%. My dealer is using 5.9%.
#227 of 559 Re: $435 15k miles 27 months $0 down - good deal? [deallover05]
Aug 30, 2006 (11:39 am)
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 559 Re: $435 15k miles 27 months $0 down - good deal? [brinks2]
Aug 30, 2006 (1:24 pm)
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.
#229 of 559 Re: Saab Conv 2.6 [mikendeb]
Sep 07, 2006 (1:47 am)
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.
Prices Paid Forum
#230 of 559 Re: Saab Conv 2.6 [deallover05]
Sep 07, 2006 (1:53 am)
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.
Prices Paid Forum
#231 of 559 Re: Help me get a saab 9-3 aero lease! [noah2]
Sep 07, 2006 (2:02 am)
You are absolutely right, noah2. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. You definitely do not have to pay full MSRP to lease a new Saab 9-3. The only difference between paying cash for this car and leasing it is the $3,000 customer cash that is currently available on '06 9-3 Aero models is not compatible with leases through Saab Financial Services Corp. There is however $1,000 lease cash on this car that needs to be taken into account when negotiating its selling price. If you provide me with the full MSRP and dealer invoice price of the exact 9-3 that you are interested in, you can find this information by visiting the following section of this site: Edmunds.com - New Vehicle Pricing, I would be happy to tell you approximately how much this car would cost to lease right now.
Prices Paid Forum
#232 of 559 Re: $435 15k miles 27 months $0 down - good deal? [deallover05]
Sep 07, 2006 (2:17 am)
Hi deallover05. I assume that you are talking about a 2006 Saab 9-3 2.0T Sedan. If so, the selling price that you were quoted for this car looks very attractive to me. Having said this, I am not sure why you are being charged a 5.9% lease rate. Saab Financial Services' Corp.'s current base lease rate for the '06 9-3 2.0T Sedan is 3.94% with the payment of a security deposit at lease signing. Make sure that this lease rate is used to calculate your car's monthly payment.
Prices Paid Forum
#233 of 559 Answer to questions regarding lease A.P.R.
Sep 07, 2006 (9:41 am)
In regard to questions about the A.P.R.on your lease deal..the dealer cannot mark the A.P.R.up more than 1 pt,max would be 4.94%..UNLESS there are credit issues which in the tier scheme of credit approvals would offer an otherwise turned down applicant an approval but with a 2 pt.higher A.P.R.This is strictly a G.M.A.C. call based on credit scoring and credit history.That would raise the rate from 3.94%to 5.94%...I would suspect that this is the reason.
#234 of 559 Re: Help me get a saab 9-3 aero lease! [Car_man]
Oct 25, 2006 (6:24 am)
Carman, Can you tell me about how much a lease shold be on a Saab 9-3, 2006. The MSRP is 32,165 and Invoice is 30257. I am looking at a 3 year lease with 12K or 15K per year. Can you also tell me the MF and residual values for these calculations.
#235 of 559 2006 Saab 9-3 Aero Sedan
Nov 02, 2006 (4:47 pm)
Can you give me an estimate for a 2-3 year lease on a new 2006 Saab 9-3 Aero Sedan. With the GM discount, 4000 bonus cash, and a $2000 demo discount and assuming a $33,000 msrp, the selling price would be $25,000. I believe that it would have to be leased not from GMAC but a private company. My calculations would put it round $275 per month.