Last post on May 01, 2011 at 3:14 PM
You are in the Prices Paid & Leasing Experiences Archive
What is this discussion about?
Saab 9-5, Car Leasing, Sedan, Wagon
#52 of 90 Saab lease WAAAAAAY over miles.
Feb 27, 2007 (6:59 am)
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 90 Re: Saab lease WAAAAAAY over miles. [phollie]
Mar 20, 2007 (2:52 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.
Prices Paid Forum
#54 of 90 Re: Saab lease WAAAAAAY over miles. [phollie]
Mar 22, 2007 (7:19 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.
#55 of 90 Latests -n- Greatest Saab Leases
Jun 19, 2007 (11:54 am)
I'd like to lease a 2007 9-5 Aero Sedan. In playing around with various lease calculators, I don't seem to be able to get a least payment much below $650/mo (36 mo, 12k mi). I am wondering what terms I can expect with today's environment. One thing that I think I'm seeing in my area (Minneapolis) is $3000 cash back on such a purchase/lease. Thanks.
#56 of 90 Re: Latests -n- Greatest Saab Leases [davehane]
Jul 02, 2007 (1:55 am)
Hi davehane. Through July 9th, Saab is providing $3,000 customer cash on the 2007 9-5. Unfortunately, this cash is not compatible with its special lease program. I would be happy to give you an idea of how much the specific 9-5 that you are interested in would cost to lease right now. In order for me to do so I need you to provide me with its MSRP and approximate selling price. Let me know what these numbers are and I'll run a payment for you.
Prices Paid Forum
#57 of 90 Re: Latests -n- Greatest Saab Leases [Car_man]
Jul 03, 2007 (2:07 pm)
3 year lease, 12K/year.
#58 of 90 Re: Latests -n- Greatest Saab Leases [davehane]
Aug 06, 2007 (2:25 am)
Thanks for the additional information, davehane. According to my calculations, if you were to lease a 2007 Saab Aero Sedan that has an MSRP of $40,030 and a selling price of $37,621 through Saab's captive finance company right now for 36 months with 12,000 miles per year, your zero down, pre-tax monthly payment would be around $496.
Prices Paid: Buying & Leasing Experiences Forum
#59 of 90 2007 9-5 Demo Lease
Aug 20, 2007 (3:14 pm)
Is this a lease deal worth considering?
2007 9-5 with Visibility Package
Demo with 3500 miles
$375 plus tax for 27 months
$600 bank fee
Thanks for your help.
#60 of 90 Saab 95 series leasing
Aug 23, 2007 (4:42 pm)
I am planning to return my 2005 Saab 95 series 2.3 T lease ( two months early).
I desire to lease a similar 2007 model. List price is $37,000. with a $34,000. selling price. I have been quoted:
$415. plus tax for 39 months. Isn't this too high considering Saab is offering $419. per month with $2,000. down for 27 months?
Sep 11, 2007 (6:32 am)
Can you tell me the residual and payments I should be seeing on the 9-5 Sedan (2207). MSRP of 37,340 - price offered as 30,995. I expect 36 or 39 with 10k per year