- #49 of 79
-
Re: Just bought an '08 Oulook XR at invoice.. [jeninca]
by bruce_lee
-
Mar 20, 2008 (3:03 pm)
-
|
|
Replying to: jeninca (Mar 18, 2008 2:16 pm)
Hi,
Yes, the dealer is called Saturn of Torrance. And, you guessed it, it is in Torrance CA (in LA), off of 405 Fwy and Hawthorne Blvd (I believe).
Google it and you will find it. Or better yet, request a quote through edmunds and you'll get an email from them. Use their ZIP code: 90503. They are very quick to respond. Unlike most other Saturn dealers I dealt with, they were the only ones to offer me a quote (initially when I started inquiring back in May of '07).
But, because I waited for the '08 model, on that request, they just stated they would give me 'invoice pricing' on whatever they had on their lot.
Good luck.
|
- #50 of 79
-
Re: The Best Deal is Acadia [michigal]
by mtnman1
-
Mar 25, 2008 (1:40 pm)
-
|
|
Replying to: michigal (Mar 10, 2007 9:16 pm)
I have the GM Supplier discount through my Employer. I'm seriously looking at ordering an Outlook XR FWD Cocoa exterior, black leather interior, Captains Chairs, Convenience Package, Enhanced Convenience Package, Premium Trim Package, and Skylight Sunroof. MSRP $36035 with my discount it is $34,598 plus the conquest and bonus $500 Rebates. Or I can lease at 12K miles per year 36 months for $461/Month with $3000 down. Residual at 63% interest rate 6.25% which is high. Salesman told me he really believes that the rate will drop as much as two percentage points next month. I'm hoping.
|
- #51 of 79
-
residuals
by cdl44
-
Mar 31, 2008 (3:56 pm)
-
|
|
am i reading these posts correctly that the 08 Outlooks have a residual value of approx 63-66%? Or is it 44-47%? The residuals seem extremely high. I am looking at 08 XR FWD w/Premium, Convenience, Advanced audio and DVD. Found one w/sticker or $35,545. Would an offer of $33,850 be unreasonable? Does Saturn really have a "no haggle" price so the MSRP is it?
|
- #52 of 79
-
Re: residuals [cdl44]
by jfritsch
-
Apr 01, 2008 (6:29 am)
-
|
|
Replying to: cdl44 (Mar 31, 2008 3:56 pm)
Look up a used 07 outlook like the one you want (if they made them in 07) on kbb.com and nada.com with 14000 miles on it. If it wholesales used for around 25000 (10000 from msrp) like most other trucks in this price range you want at a bare minimum of $5000 off.
Good luck
--jjf
am i reading these posts correctly that the 08 Outlooks have a residual value of approx 63-66%? Or is it 44-47%? The residuals seem extremely high. I am looking at 08 XR FWD w/Premium, Convenience, Advanced audio and DVD. Found one w/sticker or $35,545. Would an offer of $33,850 be unreasonable? Does Saturn really have a "no haggle" price so the MSRP is it?
|
- #53 of 79
-
Re: residuals [cdl44]
by mtnman1
-
Apr 01, 2008 (6:32 am)
-
|
|
Replying to: cdl44 (Mar 31, 2008 3:56 pm)
Yes that is correct 63% was the residual in March with an interest rate of 6.25% I believe. Their thinking I guess was to lease you a vehicle at a little lower monthly payment with the idea that you would have to purchase another vehicle or lease again at the end of three years because the price of that vehicle would be too high. I don't know for sure, but that's pretty much what the salesman told me. He also stated that he thought the interest rate might come down in April. Also, at least where I live, the MSRP is it. It was explained that Saturn does not markup their vehicles as much as Buick and GM where you can haggle. If your employer has the GM Supplier Program then you can save money. Price can be found right on the GM Supplier Price website. My company also has a program where a company will find the vehicle you are looking for and do the haggling for you. I talked to a representative and he told me they usually can't get the dealer to lower the price with a "No Haggle" Policy.
|
- #54 of 79
-
Re: residuals [cdl44]
by mtnman1
-
Apr 04, 2008 (5:47 am)
-
|
|
Replying to: cdl44 (Mar 31, 2008 3:56 pm)
Was contacted by a Salesman yesterday from Saturn with disappointing news that the rates are the same for April as I mentioned in the post before this one. This was not the original Salesman I have been working with because he was either fired or quit over last weekend. The Salesman said they were all very disappointed because they really expect the rate to be lowered even though Outlook sales are pretty good. Said they would have been flying off the lot if they were lowered. I'm not sure personally that I want to lease a vehicle that I couldn't buy at the end of the 3 years. I'd like to at least have the residual at a more realistic level, so I would have the option of a purchase. He did say the rate for a loan is 4.49% for any length of time, so that might be an option for me or a different brand.
|
- #55 of 79
-
Re: residuals [mtnman1]
by cdl44
-
Apr 04, 2008 (8:42 am)
-
|
|
Replying to: mtnman1 (Apr 04, 2008 5:47 am)
High residuals are a good thing! You pay less over the term of your lease with the option to buy at the end vs. a car with a low residual where you pay a lot more money over the length of the lease but would have to fork over less at the end (because they car is worth less at that point). Why would you want to pay all that money up front for a car you might or might not buy in 3 years? If you have that extra money, put it in savings to earn interest and use it at the end of your lease. If you think you may want the car at the end of the 3 years vs a new car, you might be better off purchasing instead anyhow.
|
- #56 of 79
-
Re: residuals [mtnman1]
by wlbrown9
-
Apr 04, 2008 (9:48 am)
-
|
|
Replying to: mtnman1 (Apr 01, 2008 6:32 am)
Well, I have to call BS on the sales guy telling you they don't have as much markup. I checked Edmunds for both, Saturn Outlook XR with MSRP of 30670, invoice is -$1707. Checking the Acadia, one of the SLEs with list of $31K plus a little has invoice of $2065 less than MSRP. Checking incentives, both have $500 cash to customer. So, pay MSRP -$500 for the Saturn or deal on the Acadia with -$500 back, even if you only get down to invoice +$500 you are about $1200 less. I'm pretty sure that if you equip the Outlook and Acadia the same, the MSRP is within a few dollars.
So, if Saturn would deal, the Outlooks might be flying off the lots. Acadia would be a better buy for most people.
BTW, I have access to Supplier Discount through my wife's job, so the Saturn might be an option vs the Acadia for us since I think that discount brings the Outlook down closer. But for Joe off the street the take it or leave it price does not seem competitive, IMHO.
|
- #57 of 79
-
Re: residuals [cdl44]
by mtnman1
-
Apr 04, 2008 (5:57 pm)
-
|
|
Replying to: cdl44 (Apr 04, 2008 8:42 am)
I see your point, but the payments for the same priced Outlook with a 52% residual and a 3.29% rate like the Toyota dealer is offering me for a Highlander Limited would be almost the same as a 63% residual and a 6.25% rate that Saturn is offering I would think. I would like to have the option to purchase if I like the vehicle and don't want a high priced new vehicle since my youngest will be going out of state to College most likely in three years. Or I could purchase now at a 4.49% rate that most dealers are offering around my city. Thanks for the feedback. I very hesitant about leasing since I've never done it. I've always bought my cars new. This time I'm considering it because I bought a Mountaineer 4 years ago with a sticker price over $37,000 which I got for $33,800 plus $3K in rebates and my wife and I are already looking at buying a new one. Really when it comes down to it, it would not be the most sound financial decision I've ever made. We will probably in the end keep our current vehicle for 3 more years and buy something more practical.
|
- #58 of 79
-
Re: residuals [wlbrown9]
by mtnman1
-
Apr 04, 2008 (6:04 pm)
-
|
|
Replying to: wlbrown9 (Apr 04, 2008 9:48 am)
If your wife has the supplier discount then you can use it to buy an Acadia as well, but the fact is in Columbus the only three Saturn dealerships are all owned by the same group and they will not haggle!!! The people that my company uses to do the haggling for us would not just tell me that they can't get a no haggle dealership to lower their price. The Salesman that I was dealing with at Saturn left or got fired because I know he was very upset that he couldn't make a deal with me because of their inability to haggle even on trade ins. I think my deal was the straw that broke the camels back with him. The salesman that I'm now dealing with told me he doesn't know for sure what happened, but he did tell the guy was growing increasingly frustrated with the dealerships policy of No Haggling and had crossed the line a few times recently when angry with management.
|
![[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 
