Ask the Car People.SM


Saab 9-7X Lease Questions - READ ONLY

85 messages,  Last post on Sep 12, 2008 at 3:15 AM

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

What is this discussion about? Saab 9-7X, Car Leasing, SUV

Messages Page 1 of 9

#1 of 85 Saab 9-7X: Lease Questions by Car_man HOST

Aug 31, 2005 (5:15 pm)

Hi everyone. Please use the following discussion to post any questions that you have about leasing a Saab 9-7X. Thanks.
 
Car_man
Host
Smart Shopper / Prices Paid Forums

#2 of 85 Jan-06 Lease Promo for Saab 9-7x by gmar1

Jan 23, 2006 (10:06 pm)

Hi Carman,
 
I am in the market to lease the 9-7x. The following deal is what I have been offered:
 
MSRP: $39,240
RESIDUAL: 70% for 12K miles per year
RESIDUAL VALUE: $27,468
INITIAL CAP COST: $36,156.23
ACQ FEE: $595 (I'm not sure why they are using this in the calculation)
CAP REDUCTION: $2028.02
REBATE: $1500
TOTAL CAP REDUCTION: $3,528.02
ADJUSTED CAP COST: $33,223.21
APR: 4.2%
TERM: 24 Months
SALES TAX: 8.25%
BASE MONTHLY RENTAL: $349.18
SALES TAX: $28.81
TOTAL MONTLY: $377.99
 
TOTAL DRIVE: $2995
INCLUDES THE FOLLOWING:
CAP REDUCTION (FROM ABOVE): $2028.02
FIRST MONTH PAYMENT: $377.99
LICENSE: $298
CAP. RED. TAX (8.0%): $282.24
ACQ, DOC, TIRE DRVOF: $8.75
 
I think this is a great deal, but would like to know what you think. Thanks in advance for your help.
 
gmar1
 
             

#3 of 85 Re: Jan-06 Lease Promo for Saab 9-7x [gmar1] by imariquinn

Feb 18, 2006 (4:14 am)

Replying to: gmar1 (Jan 23, 2006 10:06 pm)
carman, what are the base lease rates and residuals for the v6 and v8? looking at a MSRP $40500 and selling price of $36000 with rear DVD option. They are advertising $399 a month for 24 months with some money down, i don't want to do the money down. thanks!

#4 of 85 Re: Jan-06 Lease Promo for Saab 9-7x [gmar1] by Car_man HOST

Feb 23, 2006 (5:00 am)

Replying to: gmar1 (Jan 23, 2006 10:06 pm)
Hi gmar1. A base 2006 Saab 9-7X has a spread of a little over $3,000 between its full MSRP and dealer invoice prices. This means that the price that you were quoted before the subtraction of any incentives is right around dealer invoice, which is good. The lease rate that you were quoted for this truck is a little higher than Saab's base lease rate for it right now, 3.7% vs. the 4.2% that you were told. Make sure to insist that the dealer you are working with uses the 3.7% rate to calculate your truck's lease payment.
 
I notice that you are making a down payment on your lease. 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 Saab would be exactly the same, regardless of whether you had put $3,500 down, or had made absolutely no down payment at all.
 
Car_man
Host
Smart Shopper / Prices Paid Forums

#5 of 85 Re: Jan-06 Lease Promo for Saab 9-7x [imariquinn] by Car_man HOST

Feb 23, 2006 (5:03 am)

Replying to: imariquinn (Feb 18, 2006 4:14 am)
Hey imariquinn. If you were to lease any 2006 Saab 9-7X through its captive finance company right now for 24 months with 12,000 miles per year, its base lease rate and residual value should be 3.7% and 70%, respectively. The numbers for an otherwise identical 36 month lease should be 3.7% and 59%. When negotiating your lease on this truck, keep in mind that Saab is currently providing $1,000 lease cash on it. This money will help you to negotiate an attractive capitalized cost.
 
Car_man
Host
Smart Shopper / Prices Paid Forums

#6 of 85 March 2006 rates, please by pegasus17

Mar 27, 2006 (6:50 pm)

Carman, Pls provide March rates for the 9-7x for both 24 and 36 month leases. Is the 1000 lease cash still available? THX

#7 of 85 Re: March 2006 rates, please [coppamc] by Car_man HOST

Apr 12, 2006 (4:49 am)

Replying to: pegasus17 (Mar 27, 2006 6:50 pm)
Here's the latest, coppamc. If you were to lease a 2006 Saab 9-7X through Saab Financial Services Corp. right now for 36 months with 15,000 miles per year, its base lease rate and residual value should be 3.7% and 57%, respectively. The numbers for an otherwise identical 24 month lease should be 3.7% and 69%. Saab is still providing the $1,000 lease cash that you mentioned on this truck.
 
Car_man
Host
Smart Shopper / Prices Paid Forums

#8 of 85 Re: March 2006 rates, please [Car_man] by eschule

Apr 24, 2006 (3:44 pm)

Replying to: Car_man (Apr 12, 2006 4:49 am)
Carman:
 
Where are these base lease rates and residual values obtained from. I am looking at the 9-7X and am being offered a "month end deal". The "deal" is based off $33,000 sales price and $40,040 MSRP.
 
Despite the reduced price, the lease includes 6.9 APR and 50% residual (20,020) on a 36 or 39 month lease. Thus, the monthly rates with zero down seem way overpriced according to your numbers (like 50% higher).
 
How do I negotiate for the proper APR and residual without quoting a poster on a website?
 
Thanks for your help.

#9 of 85 Any new lease promos? by asr515

May 31, 2006 (8:25 am)

I'm looking to lease the 9-7x soon -- probably within the next month. Any new lease deals out there? What the current base lease rate and residual? I'll probably have a trade-in. Is it harder to negotiate a good deal with a trade-in?
 
Thanks!

#10 of 85 Re: March 2006 rates, please [eschule] by Car_man HOST

Jun 01, 2006 (4:46 am)

Replying to: eschule (Apr 24, 2006 3:44 pm)
Hi eschule. It appears as though the dealer that you are working with is attempting to mark-up Saab Financial Services' Corp.'s buy rate lease money factor for this truck to add additional back-end profit to your deal. SFSC's current base lease rate and residual value for a 36 month, 15,000 mile per year lease of an '06 9-7X are 3.7% and 57%, respectively. Unfortunately, I am not aware of any source that provides this sort of information to the general public, but I can assure you that this info is 100% accurate. Both you and the dealer know it. If they insist that the 6.9% rate is the best that they can do they are lying, unless your credit is in really rough shape. Make sure that this lease rate is being used to calculate your truck's monthly payment.
 
Car_man
Host
Smart Shopper / Prices Paid Forums

Messages Page 1 of 9

Advertisement

Browse by Category

Browse by Vehicle
   View All Vehicles

Browse by Board
Browse by Topic
View All Topics

Edmunds Community

Advertisement