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Prices Paid: Buying & Leasing Experiences Saturn Outlook Lease Questions
90 messages, Last post on Aug 22, 2008 at 2:08 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: maverick8 (Sep 04, 2007 10:05 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Ok, any thoughts on this deal: 2008 XR FWD silver with gray leather interior luxury package (which includes sunroof and leather) touring package advanced audio package convenience package enhanced convenience package sticker - $35,650 36 months; 12,000 miles/year; drive off only ($925); monthly payment of $570 (including 8.25% CA tax) -or- 48 months; 12,000 miles/year; drive off only ($832); monthly payment of $478 (including tax) These decent figures, or should I wait until Oct?
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Replying to: scdgoofy (Sep 18, 2007 2:40 pm)
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Replying to: coco7322 (Oct 15, 2007 12:48 pm)  We actually went ahead with a lease on an '08 Outlook. The dealership we were working with on a lease called and said they made a mistake on the 48 month lease price I quoted above. I think they were calculating the monthly based on the residual of the car at 36 months, not 48 months, so the math was all screwed up. The 48 month lease was NOT advantageous at all. We found another dealer who offered us the '08 at $500 over invoice if we were AAA or Costco members. We put $1,000 down and paid $900 or so in drive-offs and got the following Outlook for $507 a month (including 8.25% tax, 39 months, 12k miles a year): 2008 XR FWD Carbon Flash w/ black leather luxury package (which includes sunroof and leather) touring package advanced audio package convenience package enhanced convenience package trailering package (basically everything minus nav and entertainment) We did this deal in September, so I'm not sure what the Oct numbers are. Gotta say, I love the car. Runs smooth, the wife and kids love it, people ask us about it all the time. Gas mileage blows after running two tanks through it, but that will likely improve as the engine breaks in. Good luck! -scd
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Replying to: scdgoofy (Oct 15, 2007 1:54 pm)
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Replying to: Car_man (Sep 17, 2007 2:07 am) I am being told that the residual % on an 08 XR AWD is 63% on a 36 month, 12k mile lease (vs 64% on a 36 month/15k lease mentioned above) with a lease rate of 6.45%. Can you confirm which is accurate?
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Replying to: coco7322 (Oct 16, 2007 4:20 am) I think it would be tough to get a vehicle equipped the way you want it in the $400's. I ran a million different scenarios on cars equipped in the $35 to $36k range and nothing hit that magic $480-$490 mark. One thing to make sure to confirm with the dealer is whether you're putting money down (cap cost reduction) or paying drive off fees only. They might say, 'The price is $525 a month w/ $1,000 down," and then still charge you another $800 or $900 for drive off fees. For mathematical purposes, consider that for every $1,000 you put down to reduce the capitalized cost of the car, your monthly price will go down about $30. Generally speaking, putting money down on a lease isn't advisable. Do so only if you want to reduce your monthly payments by a bit, but putting a ton down on a lease kinda defeats the purpose. Good luck! Let us know what you end up with. -scd
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Replying to: scdgoofy (Oct 17, 2007 10:53 am) |
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Replying to: kmurray5 (Oct 17, 2007 4:08 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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I don't know who to believe. I have been told by two Saturn dealerships that a 39 month 15K XR Outlook residual is 60% (6.45% is accurate). Do residuals change from from state to state? I am in Northern California. Is there a GMAC website that I can reference with these numbers? When I referenced your numbers they told me "Edmund's numbers can't be trusted... they are estimates." They showed me their sheet and it did say 39 months 15K was 60%. Also, does the $500 from GMAC only apply to buys or SmartLeases as well? By the way... Saturn deals just like anybody else. They dropped $500 from the MSRP just so I would not go to another dealership.
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