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Saab 9-3 Lease Questions

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

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

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#39 of 546 Saab Combi Lease Specifics cont. by steamboat72 Nov 10, 2005 (11:15 pm)
Back again, equipped with more information! Looking forward to everything about the car except the upfront paperwork and haggle! I am shopping for a 2.0T Combi. MSRP =$30,265. I was originally quoted $28,970 plus "fees" and told that the particulars of the lease program would be available later. Now I got them and would appreciate any input or feedback. The lease program as offered is $3662 (500 from Saab) so $3162 down + $434/mo for 36 months 15k miles. The makeup of initial payment was: First Month-$433, $2000 downpayment, $175 tax on DP, $258 license fee, $795 bank fee.  Money factor was given to me at .00204. Residual values = 57% ..Question- is this % of the MSRP, sticker price, or what my price is? For this example, Residual = $17,251. The dealer explained that I would be paying only $11,013 for the 36 months ($305/m) and "with lease fee and sales tax" as described, added, the total would be $15,612.48. ($433/m) I am confused as if I add the $15k to the residual $17,000,I am over $32k? Is the dealer confused? What parts of the "fees" do they have influence over and what not? Where is my best bargaining leverage in the lease deal? In the amount of DP? I was told adding $1000 DP only brings the monthly down $20. I appreciate any help or tips given. In the spirit of the site, I will be sure to pass anything helpful on when I get a chance! Thanks Replies to this message: Car_man (Nov 16, 2005 3:32 am)
#40 of 546 Saab Sports Combi Lease by jack00 Nov 14, 2005 (8:56 pm)
Is this a good deal for a 2006 Saab 9-3 Combi? Is there room for improvement?   MSRP - $33,415 Selling Price - $30,332 Money Factor - .00184 Acq Fee - $695 Term - 24 months Cash Down - 1,030 Rebate - $500 Miles - 12,000 Total Down - $2,500 Payment - $329.78 (7% sales tax) Replies to this message: Car_man (Nov 16, 2005 3:39 am)
#41 of 546 Re: Saab Combi Lease Specifics [steamboat72] by Car_man HOST Nov 15, 2005 (4:23 am)
Replying to: steamboat72 (Nov 02, 2005 12:35 pm) Hi steamboat72. So you're interested in the all new 9-3 Sport Combi, huh? What's with that name anyhow? Why doesn't Saab just call it a wagon? I guess that Sport Combi sounds cooler. The problem with making such a large down payment on a vehicle that you intend to purchase at lease-end is that down payments do nothing to reduce leased vehicles lease-end purchase prices. Sure, you will pay less interest along the way if you make a down payment, but it will not have any impact upon your car's depreciation and ultimately no impact upon its end of term purchase price. If you have an extra $2,500 to $3,000 sitting around that you want to use on this lease, you would be much better off using it to supplement your lease payment, or make a few of them than using it as a down payment.   As far as this car's current lease program goes, if you were to lease a 2006 Saab 9-3 2.0T Sport Combi through Saab Financial Services Corp. right now for 36 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00164 and 57%, respectively. The residual value for an otherwise identical lease with only 12,000 miles per year would be 1% higher.   Car_man Host Smart Shopper / Prices Paid Forums Replies to this message: steamboat72 (Nov 15, 2005 10:02 am) saablcp (Nov 15, 2005 11:09 am) Car_man (Nov 16, 2005 3:42 am) saablcp (Nov 17, 2005 9:34 am) Car_man (Dec 04, 2005 5:22 am)
#42 of 546 Re: 9-3 Aero Sedan Details [tlabrie] by Car_man HOST Nov 15, 2005 (4:23 am)
Replying to: tlabrie (Nov 02, 2005 4:52 pm) You're very welcome, tlabrie.   Car_man Host Smart Shopper / Prices Paid Forums
#43 of 546 Re: Money factors and deals 9-3 Aero Convertible [jeffepstein] by Car_man HOST Nov 15, 2005 (4:30 am)
Replying to: jeffepstein (Nov 03, 2005 1:07 pm) Hey jeffepstein. It's possible that only a certain percentage of the lease money factor mark-up that the dealer wants to make on your deal goes into their pocket. Many banks take a cut of any money factor mark-up. If this is the case, why doesn't the dealer just increase the selling price of your car by 40% of the $1,400, or a little over $500. They still make out the same, but you save almost a thousand dollars over the life of your lease. Better yet, tell this dealer that you'll just lease your car from a different Saab dealer that won't mark up the money factor on you. Saab dealers are dying right now. Sales have been terrible. I highly doubt that a dealer would let you walk from a deal just because they refuse to let you lease with the base money factor. Saab prices definitely are not fixed. There is a spread of over $2,000 between this car's full MSRP and dealer invoice price. Furthermore, Saab is currently providing $500 bonus cash on all 9-3s. I think that you need to tell this dealer that you are not being given a good enough deal and will lease from another Saab dealer if they don't work with you.   Car_man Host Smart Shopper / Prices Paid Forums
#44 of 546 Re: Saab Combi Lease Specifics [Car_man] by steamboat72 Nov 15, 2005 (10:02 am)
Replying to: Car_man (Nov 15, 2005 4:23 am) Thanks CarMan. I appreciate the tips!   What are the aspects of the lease agreement that are most negotiable? I read Jack's post about Combi lease and yes it was only 24 months, but his $327 monthly is much more manageable than the $433 I was quoted, with less money down. I do understand that the terms were different, but its still not seeming right to me. Why was I quoted money factor .00204 and you quoted .00164 from Saab financial Services? I am not a strong negotiator but I have a strong personality . I really like this car, want to put my family in it but need the lease scenario to work for me, not the other way around. All advice is honored and valued ! Best, Steve Replies to this message: saablcp (Nov 15, 2005 11:09 am) Car_man (Nov 16, 2005 3:42 am)
#45 of 546 Re: Saab Combi Lease Specifics [steamboat72] by saablcp Nov 15, 2005 (11:09 am)
Replying to: steamboat72 (Nov 15, 2005 10:02 am) The money factor difference,.00204 vs..00164 is the.00040 basis pt. mark up I spoke of in an earlier post...you need to point it out to the dealer and remind him he just left a door open for any other dealer to walk through and offer you a better payment without affecting his profit margin on the actual vehicle.That being said the previous poster who spoke of a $2K.spread M.S.R.P/Invoice needs to do some homework.Totally loaded with all options including Nav.you are under $2K.margin,incl.N.E.Region advt.charges to dealer. By the way...still waiting for the specifics from Mr."Under $500 per month/no money down" '06 Aero Conv.Man!!!!!!!
#46 of 546 Re: 2006 Lease price realisticly [saablcp] by dreamrocks Nov 15, 2005 (3:41 pm)
Replying to: saablcp (Nov 01, 2005 11:33 am) " There are NO,I repeat NO ! ,$40,000+ European convertibles that will lease for that price with no money down ." I would say yes. Check bmw z4 thread. Replies to this message: saablcp (Nov 17, 2005 9:52 am)
#48 of 546 9-3 Combi Lease by jwmullen Nov 15, 2005 (4:34 pm)
Car_Man,   Here is some additional information as it relates to the down payment ($2,480):   *1st month payment - $326.24 *Acq fee - $695 *Cash down - $1,030 *Doc fee - $198 *Title prep - $5 *Tags/registration - $226   What do you think of this transaction? I have it priced as a 24 month lease, but could just as easily go with a 36. Any advantages/disadvantages?   Is this a good deal for a 2006 Saab 9-3 Combi? Is there room for improvement?    MSRP - $33,415 Selling Price - $30,332 Money Factor - .00184 Acq Fee - $695 Term - 24 months Cash Down - 1,030 Rebate - $500 Miles - 12,000 Total Down - $2,500 Payment - $329.78 (6% sales tax)

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