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Prices Paid: Buying & Leasing Experiences Saab 9-7X Lease Questions
85 messages, Last post on Sep 12, 2008 at 2:15 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
car man any idea if the incentives will get better as the summer goes on b/c of the poor sales gm is having. thanks for any thoughts on this matter
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Replying to: asr515 (Jun 26, 2006 10:14 am) Car_man Host Prices Paid Forum |
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Replying to: huma2 (Jul 05, 2006 4:14 am) Car_man Host Prices Paid Forum |
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I currently have a Saab 9-3 with 5 payments left at $332. The dealer said Saab will pull me ahead on 3 of those payments and the dealer will eat the other 2. I was told I also get some loyalty credits, etc. 2006 9-7X 4.1 Has NAVIGATION & DVD (does not have the touring package) MSRP $42,535 27 month lease (71% residual) $1264 due at signing ($177 Registration, $275 dealer fee, $670 bank fee, and $142 sales tax) my sales guy told me they are waiving 1st month’s payment and no security) Monthly payment $440 He said he can put me in a 5.3 with Navigation for $465 and a 5.3 with Navigation and DVD for $479. Seems to me these are all great deals? I know many who have bought/leased from this dealer and felt they were honest. Please advise if these are bad/decent/great deals. Thanks a lot.
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Replying to: sbr3500 (Aug 10, 2006 12:50 pm) A couple of things, though: The bank fee seems high. I (and most people) are paying a $595 bank/acquisition fee. And a $275 dealer fee? That's a load of crap, trust me.
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Replying to: mister_mark (Aug 15, 2006 6:54 pm) What did you pay for your lease and what did the car have on it? |
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Here's what I got: 27-month lease on a 2006 9-7X 5.3i with Navigation MSRP: $43,235 Negotiated sales price: $40,234 (the invoice price) Residual value: $30,696.85 (71% of MSRP) Money factor: .00154 (3.7% APR) $750 rebate 10,000 miles per year (I chose this lower number to get a higher residual value. I work at home and never drive more than this in a year.) No down payment No security deposit No disposition fee First month's payment waived (a.k.a. A free month!) Drive-off cost: $66.88. This is made up of the sales tax on the rebate ($58.13) plus the California tire fee ($8.75). They said this was the lowest drive-off cost they've ever seen at their store. Registration ($326), acquisition fee ($595), and document fee ($45) were included in the total cost of the lease. Monthly payment: $510.27 (again, the first month's payment was waived, which is great) My only concerns about the lease I signed: 1. The salesperson/assistant manager/finance manager cannot explain how my finance charge was calculated other than to say, "I entered it in the computer and that's what I got." She suggested I call GMAC to have it explained. I did that, but they said they couldn't help me until my contract is "in their system", which will take 3-4 weeks. It's not a big deal, really. They say I'm paying 3.7% APR; I see it as being close to 3.8%. The difference amounts to about $3 extra per month. 2. Although the salesperson/assistant manager/finance manager said I was not being charged sales tax on the registration, I'm sure I am. I don't see how I couldn't be. The registration fee, acquisition fee, and document fee were added to the price of the car, and in turn, to the amount of depreciation that I have to pay over the 27-month lease. When you make lease payments, every payment is taxed. I called the DMV to ask about the legitimacy of this. They said (with a regrettable sigh), "Yeah, they can do that." This amounts to about $2 extra per month. Considering, however, that if I had paid the registration fee, acquisition fee, and document fee up-front, that would have been $966 more out of my pocket. Interest rates are decent enough that makes keeping the money in a bank account nearly negates the extra few dollars per month that I believe I'm paying. I would still say that this was a decent experience and transaction. The salesperson was incredibly patient and helpful over the 2-day period that I took to work this out. We must have exchanged at least 30 emails and several phone calls before coming to an agreement (I had lots of questions), and even then I asked to have a copy of the agreement faxed to me before I came to their store. You probably won't be surprised to hear that some dealers refused to even talk with me about the details of a lease unless I came to see them in person, and some ignored my emails entirely.
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Replying to: mister_mark (Aug 16, 2006 9:07 am)
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Replying to: sbr3500 (Aug 16, 2006 10:15 am) Did you calculate your rent charge to the penny as I did? (I know I'm more interested in precision than a lot of people. I think I drove my salesperson nuts.)
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Replying to: mister_mark (Aug 16, 2006 10:38 am) The rent charge was 3.7% and the car price was just a hair over $39,000 (I think). I called my salesman (same one as other Saab I had) and told him 2 things: 1.) sharpen the pencil on the numbers as tight as possible so I don't get tempted to call other Saab dealers in the area & 2.) If I don't like the deal I am going to wait until my lease is up and drive everything before making a decision(MDX, Tourag, Etc.) I had 5 payments left and the dealer paid the last 2 and Saab pulled ahead on the other 3. After that, I felt confident I was getting a good deal based on information on the internet and I trust the guy. My sales guy spent 10 minutes on this deal. I am in Greenwich, CT ... they got the car from a dealer in Mass ... was the only left in the northeast. It's a cool car, I like it so far. I drove it 1.2 miles to the train this morning!
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