- #45 of 75
-
Re: Current Lease offers [rpzb]
by Car_man HOST
-
Dec 14, 2006 (3:39 am)
-
|
|
Replying to: rpzb (Dec 06, 2006 5:14 pm)
Here's the info that you're looking for, rpzb. Saab Financial Services Corp.'s current base lease rate and residual value for a 36 month lease of a 2007 Saab 9-5 Sedan with 12,000 miles per year are 3.5% and 51%, respectively. The numbers for an otherwise identical lease of a 2007 Saab 9-3 Aero Sedan are 4.25% and 56%. As you can see, Saab publishes lease rates instead of money factors for the vehicles that it leases. you can convert its published lease rates into approximate money factor equivalents by dividing them by 2400.
Car_man
Host
Prices Paid Forum
|
- #46 of 75
-
Re: 2006 Saab 9-5 4-Dr Sedan Lease [makarka]
by Car_man HOST
-
Dec 14, 2006 (4:00 am)
-
|
|
Replying to: makarka (Dec 11, 2006 9:45 pm)
Hello makarka. At first glance, over $500 a month sounds like a lot of money to pay for a demo 2006 9-5 that already has 5,000 miles on it to me. I think that the problem here is that Saab is no longer providing lease support on 2006 models. The dealer that you are working with must be running this lease through an independent bank that does not have a very attractive program for this model.
For the sake of comparison, let's work up a lease payment on a similar 2007 model and see how much it would cost to lease right now. According to my calculations, if you were to lease a 2007 Saab 9-5 (non-Aero) with an MSRP of $39,305 and a selling price of $36,905 (dealer invoice) through Saab Financial Services right now for 36 months with 12,000 miles per year, its zero down, pre-tax monthly payment would be around $497. As you can see, this is already less than the lease that you were quoted and it is for a brand new car without any miles and a 2007 model.
If you're really set on getting the demo 2006 model, you probably would be better off financing it at 0% for 5 years rather than leasing it.
Car_man
Host
Prices Paid Forum
|
- #47 of 75
-
Re: 2006 Saab 9-5 4-Dr Sedan Lease [Car_man]
by saablcp
-
Dec 14, 2006 (7:26 am)
-
|
|
Replying to: Car_man (Dec 14, 2006 4:00 am)
Car_man....your response to that question was totally spot-on.I was going to respond in kind until I saw your post.This particular dealer may not be happy with your advice in as much as they would rather move the aged unit.At the prices the '06's are available for I can't imagine they will have a problem finding a happy home for it.The 2006 9-5 sedan or wagon is absolutely the most amazing bargain on the market at present.
|
- #48 of 75
-
Re: 2006 Saab 9-5 4-Dr Sedan Lease [saablcp]
by makarka
-
Dec 18, 2006 (11:09 am)
-
|
|
Replying to: saablcp (Dec 14, 2006 7:26 am)
Thanks for pointing this out to me!
|
- #49 of 75
-
Saab 9-5 Sport Combi Lease
by thetmk
-
Jan 23, 2007 (10:09 am)
-
|
Car_man: Can you let me know what the current Saab Financial Services lease rates are for a 2007 Saab 9-5 Sport Combi, 36month/15K/year and 24/15/year unless there are any other sweet spots (27, 39 month).
Thanks -
TMK
|
- #50 of 75
-
Re: 2006 Saab 9-5 4-Dr Sedan Lease [saablcp]
by Car_man HOST
-
Jan 24, 2007 (3:34 am)
-
|
|
Replying to: saablcp (Dec 14, 2006 7:26 am)
Thanks saablcp.
Car_man
Host
Prices Paid Forum
|
- #51 of 75
-
Re: Saab 9-5 Sport Combi Lease [thetmk]
by Car_man HOST
-
Jan 24, 2007 (3:38 am)
-
|
|
Replying to: thetmk (Jan 23, 2007 10:09 am)
Hello TMK. Here's the information that you are looking for. Saab Financial Services Corp.'s current base lease rate and residual value for a 36 month lease of a 2007 Saab 9-5 Sport Combi with 15,000 miles per year are 3.35% and 55%, respectively. The numbers for an otherwise identical 24 month lease are 3.35% and 68%. Let me know if you have any other questions.
Car_man
Host
Prices Paid Forum
|
- #52 of 75
-
Saab lease WAAAAAAY over miles.
by phollie
-
Feb 27, 2007 (6:59 am)
-
|
folks,
I've got a 2004 Aero 9-5 Wagon that has about 18 months to go on a 4 year lease. So far, unlike my prior Saabs, this car has been flawless. My question is, what should I do as far as the lease goes. If I keep driving at the present rate, I'll be at 62000 miles on a 48,000 lease. Also, my warranty is up at 50k too if I'm not mistaken.
Should I try to get out now? Consider an extended warranty and try keeping it next year? Its about $10k upside down at this point. Thanks.
|
- #53 of 75
-
Re: Saab lease WAAAAAAY over miles. [phollie]
by Car_man HOST
-
Mar 20, 2007 (2:52 am)
-
|
|
Replying to: phollie (Feb 27, 2007 6:59 am)
Hi phollie. I'm sorry to hear that you are going to exceed your car's mileage allowance by so much. Unfortunately, it is probably going to be very expensive for you to terminate your lease at this point. Your best option is probably to wait until the scheduled end of your lease. At that point you will either have to turn your car in and have to pay an excess mileage penalty or purchase it from the bank that you are leasing it through. Purchasing a Saab at the end of a lease is probably not a good idea unless the bank that you are leasing it through is willing to negotiate your car's purchase option price. If they won't there is a very good chance that it would cost more to purchase your car than it is worth on the open market. The bottom line is that there is a good chance that your least expensive option will be to just pay your car's excess mileage penalty at the scheduled end of your lease.
Car_man
Host
Prices Paid Forum
|
- #54 of 75
-
Re: Saab lease WAAAAAAY over miles. [phollie]
by saablcp
-
Mar 22, 2007 (7:19 am)
-
|
|
Replying to: phollie (Feb 27, 2007 6:59 am)
The reality of your situation is less dire than it seems,especially when comparing the cost of terminating now vs.your potential over mileage costs.No vehicles under lease are anywhere near an equal balance of market value vs payoff with 18 months left on the lease.If I presume a monthly payment of $500 per month it would cost you approximately $7-$9,000.00 to end the lease now.If your projection of 14,000 miles overage is correct  $.20/per mile,you are looking at $2,800 in over mileage charges.....not chump change but definitely a lesser cost to you vs. terminating now.Once you get to within 4 or 5 months of the end of your lease you should revisit the math again. At that point the additional remaining payments vs. the mileage charges you are incurring may make terminating then more of an equal cost option.
|
![[F]](http://a332.g.akamai.net/f/332/936/12h/www.edmunds.com/media/townhall/webxicons/site.gif){kind=small}
Forums
Prices Paid: Buying & Leasing Experiences 
