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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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#51 of 546 Re: Saab Sports Combi Lease [jack00] by Car_man HOST Nov 16, 2005 (3:39 am)
Replying to: jack00 (Nov 14, 2005 8:56 pm) Hi jack00. The selling price that you were quoted on this car looks reasonable to me. The money factor and acquisition fee that you are being charged are a little high though. For consumers who pay a security deposit, Saab's buy rate lease money factor for a 24 month lease of a 2006 9-3 2.0T SportCombi is .00164. Saab will waive its security deposit requirement in exchange for a slight increase in vehicles' money factors. That probably partially explains why the money factor that you were quoted is higher, but there may be some mark-up going on there as well. I personally would rather pay a security deposit that I am going to get back than throw away money on a higher lease payment. Saab Financial Services Corp.'s current base lease acquisition fee is $595 in most states. It is slightly higher than this in a few areas though, such as New York and New Jersey where its base acquisition fee is $695. There may or may not be some mark-up going on with your acquisition fee, depending upon what state you are in.   The main thing that I would change about this deal if I was leasing this car is the down payment. I always advise consumers against making any sort of down payment when leasing. I do so for two main reasons. The first is if your vehicle is totaled in an accident or stolen during your lease, your insurance company pays off the bank that you were leasing it through and your down payment essentially disappears. The second main reason is that down payments on leased vehicles do nothing to reduce their lease-end purchase prices. So your lease-end purchase option price for your SportCombi would be exactly the same, regardless of whether you had put $1,000 down, or had made absolutely no down payment at all.   Car_man Host Smart Shopper / Prices Paid Forums
#52 of 546 Re: Saab Combi Lease Specifics [steamboat72] by Car_man HOST Nov 16, 2005 (3:42 am)
Replying to: steamboat72 (Nov 15, 2005 10:02 am) You're welcome Steve. Vehicles' selling prices are the main negotiable aspect of leases. The only other thing that you can negotiate is you can make sure that the dealer that you are working with is using your vehicle's buy rate lease money factor to calculate its lease payment. While dealers do not have the authority to lower banks' published lease money factors, they are often allowed to mark them up to add additional back-end profit to deals. Pay a security deposit, and absolutely insist that the dealer use the .00164 factor to calculate your car's lease payment.   Car_man Host Smart Shopper / Prices Paid Forums
#53 of 546 Re: I like math [qool] by Car_man HOST Nov 16, 2005 (3:46 am)
Replying to: qool (Nov 15, 2005 5:12 pm) Greetings Rob. Unfortunately, Saab Financial Services will not provide you with information on vehicles' current lease programs if you call them directly. They will tell you to speak with your local dealer. You should be able to find out what the lease programs are like for the cars that you are interested in through by visiting the lease discussions in this forum through. Either some other community member who has recently leased one of the vehicles that you are interested in, or I can share this information with you.   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.   Let me know if you have any other questions.   Car_man Host Smart Shopper / Prices Paid Forums Replies to this message: qool (Nov 16, 2005 6:25 pm) Car_man (Dec 04, 2005 5:10 am)
#54 of 546 Re: I like math [Car_man] by qool Nov 16, 2005 (6:25 pm)
Replying to: Car_man (Nov 16, 2005 3:46 am) Thanks Car_man. The article on calculating lease payments was especially helpful.   So I'm in contact with a Saab dealer, and the purchase price seems fair to me, but they don't have a specific color I'd like. I've been avoiding specifics to keep the focus on the price.   Do you have an idea what it might cost a dealer to trade with another dealer or manufacturer for a specific color 9-3? I'm thinking it would be around the ballpark of $100-$300 if the dealer had to pay to transport it. (I shipped my car across California for $300 a year ago)   The nocturne and fusion blues look awesome!   Rob Replies to this message: Car_man (Dec 04, 2005 5:10 am)
#56 of 546 Re: Saab Combi Lease Specifics [Car_man] by saablcp Nov 17, 2005 (9:34 am)
Replying to: Car_man (Nov 15, 2005 4:23 am) A Sport Combi is the same thing as an Avant.....as if that would tell you anything!!!!LOL!!!! Replies to this message: Car_man (Dec 04, 2005 5:22 am)
#57 of 546 Re: 2006 Lease price realisticly [dreamrocks] by saablcp Nov 17, 2005 (9:52 am)
Replying to: dreamrocks (Nov 15, 2005 3:41 pm) I stand PARTIALLY corrected... partially because the Z-4 that was quoted was UNDER $40k. but only by a few hundred dollars.That being said the Gentleman who prompted my statement said he lived in Northern Illinois. He is more than welcome to visit his local BMW dealer for a great deal on a small,2 seat,R.W.D.sportster that he MIGHT be able to take out of the garage in 6 months,when Chicago thaws out!!!
#58 of 546 lease prices by dhanley Nov 17, 2005 (10:20 am)
A z4 will give you 9 mos in N illinois, with winter tires, year-round fun.
#59 of 546 Single Payment Lease: Good or Bad? by qool Nov 17, 2005 (4:31 pm)
Hello again,   Has anyone on this forum explored the up-front single payment lease option? Details are limited on the net, but from what I understand you simply pay the depreciation of the car and no finance fee, since you are not borrowing the depreciation over the term of the lease. Does that sound correct?   In numbers, a money factor of .00164 translates into an annual interest rate of 3.936%, which you would be saving per year. Or, if you opted to go with the traditional monthly lease, you would have to be able to earn greater than 3.936% from investment money to cancel out Saab Financial's finance fee.   Am I reasoning about this correctly? Anyone know of some huge downsides to the up-front single payment lease?   Thanks people. Replies to this message: kyfdx (Nov 17, 2005 4:36 pm) qool (Nov 18, 2005 10:41 am) saablcp (Nov 26, 2005 9:35 am)
#60 of 546 Re: Single Payment Lease: Good or Bad? [qool] by kyfdx HOST Nov 17, 2005 (4:36 pm)
Replying to: qool (Nov 17, 2005 4:31 pm) Even though you make a single lease payment, that doesn't cover the cost of the entire vehicle, so you still have finance charges..   If the bank buys the vehicle you are leasing from the dealership for $30K, and you pay $15K to lease it for 3 years.. ..there are still finance charges to pay on the residual amount (assume $17K).... By paying all of the depreciation and finance charges upfront, the bank will usually charge a reduced finance rate.. and that is where the savings occur.. but, it is nowhere close to the entire finance charges...   regards, kyfdx Host-Prices Paid Forums Replies to this message: qool (Nov 18, 2005 10:41 am) saablcp (Nov 26, 2005 9:35 am)

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