- #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.
|
- #59 of 79
-
Re: Saturn Outlook: Prices Paid & Buying Experience [kyfdx]
by getgtpd
-
Apr 28, 2008 (6:00 am)
-
|
|
Replying to: kyfdx (Feb 05, 2007 8:19 am)
I drove every cross over on the market. I bought a Outlook XE fwd on friday april 25th. It has the power seat options, premium stereo/dual zone/rear air. Also got the dvd package, towing package, roof rails. sticker was 32,400, I purchased for
$30000 plus tax. I got the 500 rebate offered and the 1000 current gm owner discount.
The dealership SAturn of Wichita Ks. West was awesome to deal with!!!
I drove it on a 2hr trip yesterday, I LOVE IT!! The car is very quiet, excellent comfort and the stereo and dvd player are very good options.
I will put 50-60k on it over the next year, I'll try to keep updating my experiences as I go.
Good Luck!!
|
- #60 of 79
-
Outlook buying experience, plus exchange
by mandopickr
-
May 31, 2008 (8:41 am)
-
|
I needed a 7+ seater, and decided on either the Acadia, or Outlook. I had never dealt w/Saturn, and hadn't bought a GM product in 25 yrs.
I went by the local Saturn dealership, and two local GMC dealers. THe first GMC dealer only had 5 Acadia's, all optioned out, all $35k or higher. The salesman was very helpful, said he would be happy to find me an Acadia optioned as I wanted. He didn't sound like he could approach the pricing by Saturn, however.
The second GMC dealer, man am I sorry I went by there. They had 10-15 Saturns, all optioned out, wanted to find me one right there, provided "I would promise to by the car from _____". It was a confusing mess. They had the free tires program, but they charge $999.99 to participate. When I challenged the salesman on this, she said it also included free towing for a year. I reminded here that the Onstar year trial also included a year free towing, she said I would get the $1000 back when I negotiated. Finally, when I gave her the number I was quoted from Saturn, she was sure they could beat it, but when I reminded the sales manager that would be out the door, the number I put on the check, he said it was pretty tight.Of course they called me constantly for the next few days.
Finally Saturn of Greenville (SC). Sales Associate was low pressure. I told him when I went it that I was going to look at the Acadia as well. He called once, to tell me they had a XE with the options I was looking for, and to call him back if I was interested. Everyone seemed as concerned about my being pleased with my purchase as much as they were interested in buying a car.
The postnote on this is after going off for the weeked, my wife and I decided we wanted to exchange up to the XR, and get away from the light gray carpet (beautiful, but may be a challenge to keep clean).
Upon calling the sales associate, he and I discussed what I needed to change, he had a XR on the lot, and advised me to drive it for the night. I went right over, and he had it ready to go. No papers to sign, just get it in and drive. When I came back the next morning to complete the paperwork, nothing was different from my first purchase. Everyone was friendly and warm, the salesman keep telling me how I was going to like some of the changes in the XR. The GM completed the paperwork. When I apologized for all the trouble I was putting them through, he told me that was part of the Saturn experience.
Obviously, I am a new Saturn owner, but I am impressed.
|
- #61 of 79
-
Re: Outlook buying experience, plus exchange [mandopickr]
by drwilsc
-
May 31, 2008 (4:22 pm)
-
|
|
Replying to: mandopickr (May 31, 2008 8:41 am)
Congratulations on your new Outlook! It appears to be a great vehicle that you will enjoy for many years. Heck, even Comsumer Reports likes it, and they are usually hard on GM cars.
I owned a couple S series cars in the 1990's, a 2000 LS2, and now a 2007 Saturn Aura XR. One of the reasons I have drifted back to Saturn over the years is that ownership experience. It goes well beyond the purchase of the car. It involves being treated right when it's time to bring the car in for service, or when something goes wrong with it. They always explain or even show you what is wrong with the car and I never get the feeling that they are trying to rip me off. They simply go the extra mile to make sure you are satisfied, even if it's just trying to fix a little squeak that is annoying you. I am certain your experience will be just as pleasant.
|
![[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 
