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Saturn Outlook Prices Paid and Buying Experience - READ ONLY

176 messages,  Last post on Jan 21, 2010 at 4:12 AM

You are in the Saturn Outlook Forum.

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

Messages Page 18 of 18

#169 of 176 Re: Upcoming 2009 lease prices [w2ge] by Car_man HOST

Aug 13, 2008 (2:25 am)

Replying to: w2ge (Jul 14, 2008 9:08 am)
Hi w2ge. Unfortunately, it appears as though the days of reasonable lease payments on the Saturn Outlook may have come to an end. Manufacturers are being forced to take all sorts of charges because they have overestimated vehicles' residual values over the years. As a result, many of them are cutting back on their lease support. This month GMAC raised the interest rate that it charges on leases by 2% to an unattractive 8.25%. I don't expect the 2009 model's lease program to be any better when it is introduced, but we won't know for certain until it is introduced.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#170 of 176 Re: Upcoming 2009 lease prices [Car_man] by w2ge

Aug 13, 2008 (6:23 am)

Replying to: Car_man (Aug 13, 2008 2:25 am)
Yep... That's what I found out since posting my question (which was on 7/14). Just turned in my 2005 Honda Pilot as the lease was up and new Pilot leases are $600 and the sales people are being advised to try NOT to lease them to customers. My 2005 payment was only $399 a month and I think I gave them $2k at the start.
 
I wouldn't be surprised if the Outlook lease is 650 or more a month... IF AVAILABLE AT ALL! I see many companies are no longer leasing SUV's and trucks, GM may be next to do the same.
 
btw, let alone the unattractive interest rate, watch the residual drop drastically..... (I HOPE I'm WRONG )

#171 of 176 Re: Upcoming 2009 lease prices [w2ge] by Car_man HOST

Aug 22, 2008 (3:08 am)

Replying to: w2ge (Aug 13, 2008 6:23 am)
Yeah, w2ge, Honda's lease program on the '09 Pilot is pretty bad right now as well. If I was in the market for a new SUV, I personally would probably go with a Toyota Highlander. Toyota has a very attractive lease program on it in my area right now.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#172 of 176 Saturn Lease programs in ct by cpaman

Dec 19, 2009 (7:25 pm)

Carman,
 
    I am interested in leasing the Saturn Outlook 2009 or 2010, please let me know the current GMAC MF and residual values
 
ty

#173 of 176 Re: Saturn Lease programs in ct [cpaman] by w2ge

Dec 19, 2009 (8:10 pm)

Replying to: cpaman (Dec 19, 2009 7:25 pm)
Surprised if they would write a lease... Saturn is KAPUT. Penske fell through, 2010 is end of the road. You'd be buying/leasing a dinosaur.
 
Can imagine the residual value would be so low that it would re ridiculous.... What is a car worth from a company that does not exist??????????? Whose gonna buy it!

#174 of 176 Re: Saturn Lease programs in ct [cpaman] by Car_man HOST

Dec 21, 2009 (3:45 am)

Replying to: cpaman (Dec 19, 2009 7:25 pm)
Hi cpaman. Unfortunately, General Motors is not providing lease support for any of the divisions that it is terminating, Saturn, Saab, or Pontiac. If you really want to lease, the Outlook is not for you.
 
That's the bad news. The good news is that GM significantly enhanced its incentives on 2009 Saturn models last week (there is no 2010 Outlook). You can now finance one at 0% for six years or take advantage of $5,500 cash plus another grand for loyal customers. Those are some pretty hefty incentives.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#175 of 176 Buy out on an Outlook Lease by westendgirl1

Dec 30, 2009 (9:39 am)

I have a leased Outlook that ends in 10/2010. Can or will the buy-out value change in light of what has happened to Saturn? I have gone over my mileage and always expected to buy the car at the end of the lease but in light of recent developments, I would not do that unless the price was right. Any predictions on what may happen? Thanks in advance for your help!

#176 of 176 Re: Buy out on an Outlook Lease [westendgirl1] by Car_man HOST

Jan 21, 2010 (4:12 am)

Replying to: westendgirl1 (Dec 30, 2009 9:39 am)
Hi westendgirl1. It is very likely that the real-world value of your Outlook today is no where near its official end-of-term purchase option price. It's difficult to say whether the bank that you are leasing your Saturn through, likely GMAC, will be willing to work with you on its price. The best way to find out is to give them a call directly. Some banks will negotiate the lease-end purchase prices of vehicles. If your initial contact at your bank is not willing to lower your vehicle's purchase price, you may have better luck if you work your way up the ladder to a manager. There is a good chance that they will not lower your vehicle's price, more often than not they will not, but you don't have anything to lose by asking.
 
Once you know exactly how much money it is going to cost you to buy your leased vehicle you need to compare it to its current value on the open market. You can find out approximately what your vehicle is worth by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site. You also may want to stop by the following discussion: sysop, "Real-World Trade-In Values" #, 14 Dec 2000 10:07 pm.
 
If your vehicle's purchase price is less than or similar to its current value on the open market then you may want to consider buying it. If not, walk away.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

Messages Page 18 of 18

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