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Prices Paid: Buying & Leasing Experiences Saturn Outlook Lease Questions
87 messages, Last post on Jul 14, 2008 at 9:08 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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My family is looking into leasing an Outlook configured as follows: XR FWD Midnight Blue/Tan Leather Advanced Audio pkg Convenience pkg DVD entertainment center Enhanced convenience pkg Navigation system with CD/DVD player Premium Trim pkg Sunroof Touring pkg HID Lamps XM radio My questions are as follows: 1. What is the best price that I can get for an Outlook with the options above? We live in Norther NJ. 2. I have a supplier discount. How much of a discount will this amount to? 3. To evaluate my leasing options, I want to play around with different scenarios with my downpayment amount. To do this, I need the following additional numbers: a. supplier discount (as above) b. residual value at end of 36 months c. money factor or APR for the lease d. cap cost (I assume just the cost of the car net of supplier discount) e. typical bank fees, doc fees added on to the lease cost 4. How much do the numbers above change if I choose a 39 month lease instead? 5. Any Saturn offers that I can avail off? Conquest rebate? This would be my first GM car.
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Replying to: aroxas2000 (Feb 26, 2007 8:24 am) As far as this truck's lease program goes, GMAC's current base lease rate and residual value for a 36 month lease of a 2007 Saturn Outlook XR FWD with 15,000 miles per year are 6.9% and 63%, respectively. The lease rate for an otherwise identical 39 month lease would be the same, but its residual value would be 1% lower. As you can see, GMAC publishes lease rates instead of money factors for the vehicles that it leases. You can convert its published lease rates into approximate money factor equivalents by dividing them by 2400. If you lease this truck, at lease signing you will have to pay your first month's payment, a security deposit equivalent to that payment rounded up to the nearest $25 increment, GMAC's $595 acquisition fee, and any required state taxes or fees. The only cash incentive that I am aware of on this truck right now is the $1,000 conquest cash that you mentioned. If you are the current owner or lessee of a non-GM vehicle you should be able to take advantage of this cash. Car_man Host Prices Paid Forum |
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Replying to: Car_man (Mar 20, 2007 4:14 am)
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Replying to: axmangto (Apr 03, 2007 9:05 am) I, too, am considering leasing an Outlook. I just don't understand how to use the numbers you are giving above to figure out exactly how much I might pay for the lease. The vehicle I've built online is about 35,000.00 I don't have the supplier discount, I am in my 4th Jeep GC and I'm willing to forgo all of the benies and $$ I'll save to get into the Saturn if the numbers work out. I just don't trust the dealers, so I'd like to understand this better. Also, at the risk of sounding completely uneducated in this, would there be a benefit to turning in my leased Jeep to Saturn (it's an early termination of the lease by 5 mos., about $1,600.00). But I'd have to pay close to $1000.in overage miles if I keep it any longer. Until I know what the Saturn lease #'s are I can't make the decision. Thanks very much.
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on most Edmunds lease boards for various SUV's and crossovers the host(s) advise to never put a deposit, and to not sign a lease that charges you to pay a disposal feel. They advise not to give the dealership any monies and to make them apply all incentives to your lease. Can you elaborate how you would lease a outlook without money upfront - I have excellent credit.
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Saturn is offering the following deals on a 39 mo. lease for the Outlook: 1) 2007 XE FWD MSRP $27990, cap cost $26588, residual $17354, $1995 due at signing, no security deposit, TTL extra, payments of $349.00 per month 2) 2007 XR FWD MSRP $30290, cap cost $28921, residual $18780, $1995 due at signing, no security deposit, TTL extra, payments of $381.00 per month Can you advise me as to these offers? We test drove the Outlook yesterday and are considering purchasing or leasing one in the next couple of months. The dealership does not negotiate sticker price. I am concerned about the $1995 due at signing because I've read that it's not a good idea to put money down on a lease.
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Replying to: axmangto (Apr 03, 2007 9:05 am) Car_man Host Prices Paid Forum |
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Replying to: tkw1 (Apr 20, 2007 7:48 pm) You definitely will not benefit from turning in your Jeep before the scheduled end of your lease. Chrysler Financial is currently running a promotion that lets current lessees out of their deals up to five months early if they lease a new Grand Cherokee, but if you try to get out of your current deal early to lease a Saturn you are going to have to pay for your remaining payments out of your own pocket, either in cash at signing or by rolling it into your new lease. Car_man Host Prices Paid Forum |
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Replying to: neicey59 (Apr 21, 2007 1:57 pm) As far as not signing a lease that charges a disposition fee goes, you may not have any choice. Many banks charge consumers who do not lease another new vehicle through then at the end of their current deal a disposition fee. Dealers do not have the authority to waive this charge. Car_man Host Prices Paid Forum
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Replying to: karkuhoit (Apr 22, 2007 7:14 am) Car_man Host Prices Paid Forum |
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