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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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#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)
#61 of 546 Re: Single Payment Lease: Good or Bad? [kyfdx] by qool Nov 18, 2005 (10:41 am)
Replying to: kyfdx (Nov 17, 2005 4:36 pm) Ahh. *light bulb*   Thank You, kyfdx. Rob
#62 of 546 2006 Saab 9-3 2.0T MF & Res by gperr Nov 22, 2005 (6:47 pm)
Car_man,   Hi. Can you please provide the current MF and Res for 2006 Saab 9-3 2.0T, 36m, 10 & 12k miles.   Also can you please provide the standard Saab lease acq fee.   Does the $500 cash incentive apply to 2.0T as well?   A friend received a solicitation from GM saying they would pay up to $2000 toward any current lease he is in if he wants out early on any lease he currently has. It does not even say the current lease has to be a GM lease. Is this the standard we'll just roll it in offer, or is GM really making this offer?   thanks   gperr Replies to this message: Car_man (Dec 04, 2005 5:29 am) saablcp (Dec 07, 2005 11:17 am) jonatj (Dec 29, 2005 3:36 pm)
#63 of 546 November MF & Residuals - 2006 2.0T Sedan by rugby_s2k Nov 23, 2005 (7:19 am)
Trying to tie-down the November MF & Residuals for a 2006 2.0T Sedan.   MF seems to be .00164, regardless of 36 / 24 month term. Correct???   Residuals for would be: 24/12k 24/15k   36/12k 36/15k   I assume that residuals would differ from the combi and convertible . . . lots of discussion on these models but not the base 2.0T.   I need to close a lease prior to month end as my current car is due back on Nov 29. Your assistance would be appreciated.   Thanks, Michael Replies to this message: Car_man (Dec 04, 2005 5:40 am)
#64 of 546 Re: Single Payment Lease: Good or Bad? [kyfdx] by saablcp Nov 26, 2005 (9:35 am)
Replying to: kyfdx (Nov 17, 2005 4:36 pm) This is not a matter of opinion...it's a math/economics calculation.If you lease a 2.0T with an M.S.R.P.of $32,165 for 24mos./12K.,cap cost $500 over invoice less rebate result net cap=dealer invoice,traditional calculation using .00164 money factor you have $2,109.12 in finance charges.One pay option reduces M.F.to.00044 and finance charges reduce to $565.92...net savings of $1,543.12...your decision?Can you earn more by keeping the lump sum of the lease payments liquid and invested or take the sure thing tax free return on your money that the one -pay option guarantees.NOTE...One pay option is only viable when the M.F.is high enough to allow you to take advantage of the full .00120 basis pt. reduction,e.g. current M.F on leftover '05 9-5'S is .00032 for 36 mos.One pay would be a BAD choice.
#65 of 546 Re: I like math [qool] by Car_man HOST Dec 04, 2005 (5:10 am)
Replying to: qool (Nov 16, 2005 6:25 pm) You're welcome, Rob. The exact cost of trading for a vehicle will depend upon how far the dealer has to go to get the one that you want. While cost is important, the fact that dealers prefer to sell vehicles out of their own inventory over ordered or vehicles that they have to trade for will be a bigger factor. Most dealers would rather sell something that they already have quickly so that they can stop paying floorplan interest on it than have to go through the trouble of swapping or ordering. See what this dealer has to say. You never know they might be willing to get the car that you want without much of a difference in price, just be prepared for the possibility that they might not be willing to sell for a vehicle that they have to jump through hoops to get for the same price that they have in stock.   Car_man Host Smart Shopper / Prices Paid Forums
#66 of 546 Re: Saab Combi Lease Specifics [saablcp] by Car_man HOST Dec 04, 2005 (5:22 am)
Replying to: saablcp (Nov 17, 2005 9:34 am) Good point, saablcp. Audi doesn't call its wagons wagons either. I guess that it is a marketing think because the whole "wagon" name doesn't sound cool enough to a lot of people.   Car_man Host Smart Shopper / Prices Paid Forums
#67 of 546 Re: 2006 Saab 9-3 2.0T MF & Res [gperr] by Car_man HOST Dec 04, 2005 (5:29 am)
Replying to: gperr (Nov 22, 2005 6:47 pm) Hey gperr. Here's the info that you are looking for. If you were to lease a 2006 Saab 9-3 2.0T Sedan through Saab Financial Services Corp. right now for 36 months with 12,000 miles per year, its buy rate lease money factor and residual value should be .00164 and 59%, respectively. The residual value for an otherwise identical lease with only 10,000 miles per year would increase to 60%. I believe that SFSC's base lease acquisition fee is currently $595 in most states, but a little higher than that in a few. The $500 dealer cash that Saab is currently providing on the '06 9-3 is not compatible with this lease program, but Saab does have $500 bonus cash on it that is.   GM was running an early lease termination for any consumer with a GMAC lease through 11/14/05 of last month. I believe that the offer your friend got is different than this one though. It sounds like a targeted direct mail offer that is designed to pull anyone who is currently leasing into a GM product. You probably have to be on some sort of targeted marketing list to get this offer and it may not be transferable.   Car_man Host Smart Shopper / Prices Paid Forums Replies to this message: saablcp (Dec 07, 2005 11:17 am) jonatj (Dec 29, 2005 3:36 pm)
#68 of 546 Re: November MF & Residuals - 2006 2.0T Sedan [rugby_s2k] by Car_man HOST Dec 04, 2005 (5:40 am)
Replying to: rugby_s2k (Nov 23, 2005 7:19 am) You are correct, Michael. Saab Financial Services, November and December buy rate lease money factor for the 2006 9-3 2.0T Sedan is .00164 for any lease up to 48 months in length. Its 24 month, 15,000 miles per year residual value for the month of December is 70% and its 36 month 15k residual is 58%. Its 12,000 miles per year residual values would be 1% higher.   Car_man Host Smart Shopper / Prices Paid Forums

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