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Prices Paid: Buying & Leasing Experiences Saab 9-5 Lease Questions
75 messages, Last post on Jul 11, 2008 at 1:58 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Hi zoozeek. It is a good idea to lease tha Saab 9-5 that you are interested in. Traditionally Saab has offered very attractive leases on its vehicles and the '05 9-5 right now is no exception. It is a lot of car for the money. 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. As far as this car's specific lease program goes, if you were to lease a 2005 Saab 9-5 Arc Wagon through Saab Financial Services Corp. right now for 24 months with 12,000 miles per year, its buy rate lease money factor and residual value should be .00137 and 59%, respectively. Using these numbers, an MSRP of $38,020 and a selling price of $31,311, I estimate that this vehicle should have a zero down, pre-tax monthly payment of around $444. In your post you mentioned that you are going to pay $2,638 at lease signing, including a down payment and SFSC's $595 acquisition fee. There's nothing wrong with paying the acquisition fee at lease signing, but 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 9-5 would be exactly the same, regardless of whether you had put $2,000 down, or had made absolutely no down payment at all. Just in case your interested, your pre-tax monthly payment for this vehicle with a $2,000 down payment should be around $358. Car_man Host Smart Shopper / Prices Paid Forums
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Car_man: I am interested in leasing the 9-5 Aero sedan. I am interested in a 36 month lease with 15000 miles per year. Until recently, I believe that the Saab website showed an employee discount price in the 34K range, however it now shows "contact your dealer." Furthermore, I believe that Edmunds was showing a $2,500 marketing incentive until this past week. Any idea what I might expect in a cap cost, money factor, and residual? Thanks |
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Hi lmiller. The 2005 Saab 9-5 still qualifies for General Motors' employee pricing program, so the selling price that you saw quoted for it last month is probably still about the same. GM is currently providing $3,000 lease cash on all 2005 9-5 models. If you were to lease a 2005 Saab 9-5 Aero Sedan 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 .00132 and 44%, respectively. Car_man Host Smart Shopper / Prices Paid Forums |
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Replying to: Car_man (Sep 11, 2005 4:07 am) Thanks very, very much. I conveyed somewhat vaguely a counter-offer to the salesman, but he said that he can "match" the national ad. Anyhow, I thought I'd just send him a specific offer: 24mo/12k miles/gap insurance included $0 drive-out $480/mo, taxes included However, I'm just a bit confused about the $595 acquisition fee and $283 DMV fee. Are these negotiable? Must I pay them upfront? Are they in addition to the down payment and monthly payments, or are they included in these figures? Is it realistic to get this car for $11,000 total outlay over 2 years, and if now, what is the realistic amount? Thanks greatly for your help. |
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Replying to: Car_man (Sep 11, 2005 4:07 am) How did you find the SFSC money factor? Is this published information? Is it negotiable? Can a dealership charge a higher rate than .00137? Finally, the car is being sold for $29,311 without negotiations, but the lease net price is $31,311 without negotiation. What is the correct sales price to use for calculating the depreciation? Thanks greatly, zoozeek |
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You're very welcome zoozeek. Saab Financial Services Corp. charges an acquisition fee of $595 on all leases. Individual dealers do not have the authority to waive this charge. I am not sure what sort of charge is appropriate for the registration of your vehicle in your state though. Neither of these charges would be included in the down payment of any advertised lease. I can't tell you what the total cost of your lease of this car would be without knowing its full MSRP and an approximate selling price for it. Car_man Host Smart Shopper / Prices Paid Forums
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Zoozeek, I am not aware of any source that provides information on banks' buy rate lease money factors and residual values to the general public. Dealerships cannot lower banks' published residual values, but they usually are allowed to mark them up a little bit to add additional back-end profit to deals. Vehicles' residual values are always based upon a percentage of their full MSRPs including destination charges. Car_man Host Smart Shopper / Prices Paid Forums |
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Replying to: Car_man (Sep 21, 2005 3:07 am) MSRP 38020 GM Price 34311 Saab lease discount 3000 (saab purchase factory discount 5000) Net lease price 31311 (net purchase price approximately 29000) residual value 22431.80 (appears rather high to me) Thanks greatly for all the help. |
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Thanks for the additional information, zoozeek. Let's calculate a sample lease payment on this car for you. According to my calculations, if you were to lease a 2005 Saab 9-5 Arc Wagon with an MSRP of $38,020 and a selling price of $31,311 through Saab Financial Services Corp. right now for 24 months with 12,000 miles per year, its zero down, pre-tax monthly payment should be around $444. Car_man Host Smart Shopper / Prices Paid Forums |
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Interested in leasing 05 9-5 Aero for 36 / 15k year. Any information on current deals, estimated monthly's with 0 down. This will be my 3rd Saab lease and the information I have learned here prior to my negotiations has helped immensely in the previous two. In addition, does GM currently have a "pull ahead" program to exit my current lease before expiration? Regards
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