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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

What is this discussion about? Saturn Outlook, Car Leasing, Car Buying, SUV


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#25 of 87
Lease Details and Incentives after June 04, 2007 by jonnycat
Jun 03, 2007 (1:22 pm)
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Hi Car_man...
 
Can you shed any light on the details for any new lease details, ie rate/money factor and residuals for an Outlook XR AWD with 12K mi per year for 36 months? Also, any new incentives hitting the pipe after June 04, 2007?
 
Thanks in advance for your help!
#26 of 87
Re: '07 Outlook Lease Help [axmangto] by Car_man HOST
Jul 02, 2007 (3:08 am)
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Replying to: axmangto (May 21, 2007 7:55 am)

You're absolutely right, axmangto. Sorry about that, the coffee must not have made its way to my fingers yet. This truck's residual value is 63% for 39 months, 12k, not 36%. Its residual for a 36 month, 12k lease is 66%.
 
Car_man
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#27 of 87
Re: Lease Details and Incentives after June 04, 2007 [jonnycat] by Car_man HOST
Jul 02, 2007 (3:14 am)
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Replying to: jonnycat (Jun 03, 2007 1:22 pm)

Hi jonnycat. I don't believe that General Motors has introduced any new incentives on the 2007 Saturn Outlook lately. It still has $350 lease cash and a special lease rate on this model. Through July 9th, GMAC's base lease rate and residual value for a 36 month lease of a 2007 Saturn Outlook XR AWD with 12,000 miles per year are 6.0% and 66%, respectively.
 
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Prices Paid Forum
#28 of 87
Outlook XE AWD Lease - good price? by fernhill
Jul 08, 2007 (1:17 pm)
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Hello:
 
My wife and I went to the local Saturn dealer yesterday to test drive the 2008 Vue but we ended up liking the Outlook so much we are considering a lease.
 
My wife's brother works for GMAC.
 
Outlook XE AWD (preferred and convenience package)- dealer price 30,945, discount employee price $28,580.
 
Does a 39 month lease at 15,000 miles a year for $427 a month seem reasonable? The price includes monthly taxes (9%), etc.
 
A 24 month lease was $535 a month.
 
Would a 36 month lease make more sense (from a warranty issue)? What would an estimate payment be for 36 months?
 
These figures include zero money down.
 
I didn't do any Outlook research before we went since I didn't think we would even look at that vehicle.
 
When will the 08 Outlooks be out? Maybe a better offer in a month or two?
 
Thanks for your help!
 
Fernhill
#29 of 87
current residulals/rates for XR by greenjdc
Jul 09, 2007 (6:13 pm)
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Hi - I was in a Saturn dealer last week, and I was told the residual for an XR was 52 or 53% for a 3 yr, 12K miles lease. Does that sound right? Thanks.
#30 of 87
Re: current residulals/rates for XR [greenjdc] by fernhill
Jul 09, 2007 (7:37 pm)
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Replying to: greenjdc (Jul 09, 2007 6:13 pm)

greenjdc:
 
Hi I posted the message before you, in talking with my dealer about a 36 month lease (not mentioned above) he quoted a residual of 61% ($18,867.45) for an XE AWD with 15,000 annual miles. Seems like the % you were quoted is too low considering you are looking at only 12,000 miles.
 
fernhill
#31 of 87
Re: current residulals/rates for XR [fernhill] by greenjdc
Jul 09, 2007 (7:50 pm)
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Replying to: fernhill (Jul 09, 2007 7:37 pm)

fernhill - thanks. It seemed crazy to me, particularly since their posted lease "special" residuals come out to 65% for a 39 mo, 12K lease. I'll ask again. Appreciate the quick response.
#32 of 87
Re: current residulals/rates for XR [greenjdc] by greenjdc
Jul 10, 2007 (4:43 pm)
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Replying to: greenjdc (Jul 09, 2007 7:50 pm)

update: dealer told me today that the lease program ended yesterday that had 62% residual, 6% for a 12K/yr 39 mo. lease. Not a particularly good deal - but a lot better than what they offered me today - 51% residual and 7.5% interest. Also doesn't explain why they told me 52 or 53% last week . . . Saleswoman says that this is probably a "lull" and that she hopes/thinks there will be a better program when GM sees cars sitting on the lot.
#33 of 87
Re: current residulals/rates for XR [greenjdc] by fernhill
Jul 10, 2007 (7:49 pm)
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Replying to: greenjdc (Jul 10, 2007 4:43 pm)

Hey greenjdc:
 
My ealer experience was this past saturday - I contacted another dealer today (trying to see if I could get a better price) they initially said their monthly price on a 15,000 mile a year lease for 39 months zero down XE AWD with employee discount was $447 a month. Then when I told them I had a nother dealer quote me $427 a month - they came back and said the lease rates changed today (they read the wrong rates) and that their price would be the $427. In addition he mentioned that the first dealer I went to was their sister dealer (which I think it is) and that they use the same rates. This would mean I am still in the 61%/6% range.
 
I emailed him back to see if he would give me a dealer in the area they were "sisters" with as I was trying to get the best price even though they have a no haggle policy. We shall see.
#34 of 87
Re: current residulals/rates for XR [fernhill] by greenjdc
Jul 11, 2007 (8:29 am)
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Replying to: fernhill (Jul 10, 2007 7:49 pm)

Fernhill -
 
Good info, thanks. Looks like new leases options are back up on Saturn's website, with residuals 1 or 2 points down from the old offers. Still low 60s - so the 51% they gave me yesterday was a one day thing. Timing is a funny thing - I might have leased one yesterday but now I'm thinking of whether I really want to lease a vehicle. Good luck!

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