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Saab 9-3 Lease Questions - READ ONLY

559 messages,  Last post on Dec 13, 2010 at 5:30 PM

You are in the Prices Paid & Leasing Experiences Archive Forum.

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

Messages Page 55 of 56

#540 of 559 Lease rates by bluffs

Nov 21, 2008 (1:29 am)

Car_man, I am interested in '08Saab9-3 lease and I need help.
 
I really like the car, even with the reliability issues and potential GM bankrupcy(any thoughts on this, will/how it effect us the owners?).
 
GM doesn't offer leases anymore, so how is the situation with independent banks - pluses and minuses?
Local dealers use US Bank , any idea/feedback?
Should I be "scared" of third party lease ?
 
Dealers are offering 10-12k off MSRP and I am allegeable for $2000 "lease to buy", so we are looking at $290-300 per month(+TTL=$1700) for a car with $31-35,000 sticker .

#541 of 559 Re: Lease rates [bluffs] by Car_man HOST

Dec 10, 2008 (6:30 pm)

Replying to: bluffs (Nov 21, 2008 1:29 am)
Hi bluffs. I personally wouldn't be too worried about a potential General Motors bankruptcy if I was interested in one of its products. For now the government may provide GM with the money that it needs to get by. Even if it doesn't and the General ultimately has to file for bk some time next year, chances are that the government will facilitate its emergence from it as a leaner, more solid company. In fact, I wouldn't be shocked if the government opted to back GM's warranties during its reorganization. Of course, no one know for certain what will happen though.
 
You are correct, General Motors no longer offers supported leases on its products. As you mentioned, this means that if you want to lease one you will have to do so through an independent bank. What are the terms of the lease that you mentioned in your post, i.e. length, mileage allowance, MSRP, etc... $300 per month seems very reasonable for a 9-3.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#542 of 559 Re: Lease rates [Car_man] by bluffs

Dec 11, 2008 (12:44 pm)

Replying to: Car_man (Dec 10, 2008 6:30 pm)
Hi Car_man ,
 
Thanks for responding to my post, I thought you forgot about us(Saab forums).
 
Here is my 2008 Saab93-Lease experience.
The $290-$300(with tax) payment was for a 36months/12k miles lease through an independent bank(US Bank) no matter what I do . I know this sound strange, but that was the payment for Saabs with MSRP $30,xxx(brand new sedan) to $35,xxx(combi demo), depending on dealership , sedan or combi, trim levels, new or demo ... and etc.I am interested in the cheapest possible lease.
It was/is very, very difficult to compare these leases apple to apple due to the uniqueness of the lease program.
I was quoted MF 0.00215, 0.00229, 0.00235, .... 0.0033 and MF=APR %16 !!! (that was offer from a dealer using GMAC which equated to payment of $5xx a month), selling price from $8,xxx to $14,000 off MSRP, bank fee $595, $645, $795, $895, $995 and etc.
 
And .... here is the Real Deal I agreed, Real Surprise
 
There is a dealership (the only one around) offers leases through a local credit union.
 
2008 Saab9-3 Sedan demo(2500 miles), 24 months (yes, 2 years), 12K miles/year.
MSRP $31,xxx , "Sold" for $19,3xx, MF 0.00229, Bank fee $645.
 
Monthly $272(with tax) + TTL $1364 (Doc.$299, Bank $645, $272 1st.month, DMV ....) in my opinion this is awesome deal.
 
Did I get the car ?
 
No......., unfortunately NO , I was denied by the credit union for whatever reson .
 
I am so mad , I went home and checked my credit reports , ALL looked good , my crdit score is 800(Transunion), 769(Equifax), 781(Experian) still can't believe.
 
P.S.Buyers beware: official recession, GM possible bankrupcy , credit crisis.

#543 of 559 Re: Lease rates [bluffs] by saablcp

Dec 12, 2008 (4:37 pm)

Replying to: bluffs (Dec 11, 2008 12:44 pm)
If thhose credit scores are in fact accurate and you were denied approval.I am of the opinion it was because someone at the credit union did a "c.y.a." to make up for a mistakenly calculated lease quote.Even in the best of times through S.F.S.C. those lease numbers would be hard to acheive. Just my opinion.....with an average Beacon score of 784 you could finance any car through any source even in these times of higher scrutiny.

#544 of 559 Re: Lease rates [bluffs] by Car_man HOST

Dec 29, 2008 (5:07 am)

Replying to: bluffs (Dec 11, 2008 12:44 pm)
You're very welcome, bluffs. It is very surprising that you were denied for a lease with the outstanding credit scores that you listed. Perhaps you don't have much of a credit history. Very strange. Oh well, with scores like that I am sure that a number of other manufacturers that don't have the money issues that General Motors has, like Ford, Toyota, Honda, etc... would be happy to lease you a car. Just switch to another, just as nice but different model.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#545 of 559 Is it possible to buy out lease by starbird

Sep 10, 2009 (8:07 pm)

Hi,
My lease is up in October and GMAC is asking 18K for my car (9-3 sportcombi 2.0T automatic with 39K on it). The buy price is 18K and when I checked edmunds web site they suggest that 12K is a more realistic price (I've seen '07's with less mileage for 17K).
 
I called up GMAC and they said they don't renegotiate the end of lease price. Has anyone had any success in doing so? If not, what sort of leases have people got in the DC for a base sportcombi?
 
Paul

#546 of 559 Re: Is it possible to buy out lease [starbird] by jayrider

Sep 15, 2009 (11:35 am)

Replying to: starbird (Sep 10, 2009 8:07 pm)
Wait until a day or two before lease ends and then make an offer if you really want the car. 18k is way high. Look at autotrader/carsdotcom etc and find an 08 for 17-18k. The wagon is harder to find. If you can go with a sedan a new passat should be in the low 20's. The wagon can be found used but is pricy new.

#547 of 559 Current lease terms for Saab 9-3 by pgo1

Aug 01, 2010 (12:34 pm)

I see Saab is offering some pretty aggressive monthly payments on the 2010 9-3. Does anyone know what the APR or money factor is, and what the 36 month residual is for a 10K miles per year lease? Also, when a standard lease program is ofered at 36 months, is it usually possible to get a 48 month lease at a lower monthly payment?
 
Thanks,
 
Paul

#548 of 559 Re: Current lease terms for Saab 9-3 [pgo1] by Car_man HOST

Aug 12, 2010 (3:47 am)

Replying to: pgo1 (Aug 01, 2010 12:34 pm)
Hi Paul. Saab is currently running leases through GMAC. Here's the details of its current program for you.
 
GMAC's current base lease rate and residual value for a 36 month lease of a 2010 9-3 2.0T Sport Sedan 2WD with 10,000 miles per year are 0.5% and 47% respectively.
 
The numbers for an otherwise identical 48 month lease are 0.5% and 39%.
 
When negotiating your deal on this car, make sure to take advantage of the $2,000 cash incentive that is currently available on leases of it.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

Messages Page 55 of 56

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