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Saab 9-3 Lease Questions

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Comments

  • therastheras Posts: 44
    I too am interested in the residuals and money factors for the Saab 93 2.0T and Aero Sport Sedans. I am looking at a 2 or 3 year lease with 10K miles. I am also eligible for any lease loyalty offers. Thanks in advance.
  • llevyllevy Posts: 5
    Lease up at end month. New 2008 2.0T awaits Dealer said 27 mo lease is sweet spot. Was told residual is .71 for 10K and Interest rate is 4.35%. I get $1000 loyalty, but my question is twofold: Is there any extra cash for either the dealer or customer on leases? Is anyone negotiating BELOW invoice price (before any and all rebates/cash) for the Cap cost?

    No posts since 4/23? Is anyone out there buying or leasing Saab's :confuse:

    Thanks,

    LL
  • therastheras Posts: 44
    I agree LL! Why isn't anyone leasing these great cars? My dealer also touted the 27 month lease with the same residual and money factor, but I still have the same questions as you.
  • cartalk8cartalk8 Posts: 6
    Looking for information on leasing a 9-3 SportCombi 2.0T automatic with moonroof, heated seats, and premium Bose radio (MSRP $34,090). Specifically looking for current residual and money factor rates. If anyone has any information please let me know. Lease details...27 month 12k and 15k miles per year.
  • cartalk8cartalk8 Posts: 6
    I was impatient and asked the dealer for a quote. Wouldn't give me straight figures other than lease figures for a base with automatic (MSRP 30,980).

    27 months
    15k miles per month
    1,5430.46 in driveoff
    payment is 523.57 including CA (7.75%) tax

    Don't think it is a good deal. What do you guys think?
  • jackforettejackforette Posts: 19
    That is an awful quote. Typical of the first quote you get from a dealer which is usually at least $100 more than what you can get it for. Have you looked at the lease deals on the Audi A4. Here in NC you can get a 36 month lease on a 2008 A4 with 15k miles, $0 down, taxes in monthly payment and $575 due at signing on an MSRP of $32,750 for $375/month. I test drove both the A4 and the 9-3 and thought the A4 was the far superior car and couldn't believe how non-competitive Saab was on price. No one is buying the Saab and they are still pricing them as if they were a BMW 3 series which they very clearly are not which is evident after you test drive them. I currently drive an Infiniti G35 and the Saab is very much inferior to the G35 in peformance and handling yet I was quoted a higher lease price for the 9-3 than what I pay for my G35. Now I know why no one is buying/leasing Saabs.
  • cartalk8cartalk8 Posts: 6
    jackforette. Thanks for the reply. How funny...I currently drive an '05 G35 sedan. Nice choice! I am in the market for a wagon (lease up in August on the G). The A4 sedan is definitely very competitive compared to the Saab 9-3. Although, the A4 Avant (wagon) is absolutely rediculous because every dealership has one or two and they are asking somewhere in the $550-$600 per month range. I was expecting the Saab to be somewhere around $400. Also looked at the VW Passat Wagon. Very inexpensive....but it is a VW. So far I think I like the Volvo V70.
  • jackforettejackforette Posts: 19
    I see what you mean about the A4 Avant Wagon, my local dealer only has 3 on the lot. I too thought the 9-3 would be about $400 month because that is how much it should be when compared to the competition but I guess the $500 plus quotes we have been receiving for the 9-3 shows why Saab is in so much trouble. The VW Passat is very nice but I am so afraid of their reliability woes which VW has not addressed for years now. If Hyundai can make such great strides in this area, why can't VW? They make nice cars that drive well with lovely interiors but their reliability problems scare away many customers. I don't think you can go wrong with the V70. Good Luck.
  • matrsoskinmatrsoskin Posts: 32
    ...but I am so afraid of their reliability woes which VW has not addressed for years now. If Hyundai can make such great strides in this area, why can't VW?

    Not true. VW Rabbit has been recently named by Consumer Reports as a top choice in the hatchback category toppling Mazda3 for the first time. One of the main reasons: it now has better than average reliability. Yet, Consumer Reports has also put VW Jetta (2.5 L model) on its Recommended list because 2.5 L Jetta has reached the average reliability rating.
  • jackforettejackforette Posts: 19
    How about the Passat, Beetle and Touareg? Terrible reliability. That is VW's achilles heel. And if the best you can do is score average with 2 very recent models, that makes it very hard to compete with Toyota, Honda, Nissan etc. who have built up a a reputation over many years of high quality/reliability. VW must string a number of years together of ABOVE average reliability across their model lineup to compete with the Japanese makes and right now they have a long way to go unfortunately. Like I said, they make nice looking cars that drive very well and have lovely interiors and the reason they don't sell nearly as well as their competition is reliability. Has been there problem and still is.
  • matrsoskinmatrsoskin Posts: 32
    Please read what you write: you were saying that VW has not been able to address its reliability problems and I presented you with the facts indicating otherwise. VW is making a progress.

    I was not saying that VW as a brand was perfect: no such brand exists. Just look at the number of vehicles that have been recently recalled by Toyota as well as the respective reasons: for example, a possibility for Prius totally losing steering and crashing due to front axle failure? Should I also mention Toyota engine sludge
    issues in the older models as well as transmission problems in the recent generation of Camry and Avalon that were not recalled? Yet, the worse than average reliability rating which has been recently "earned" by Toyota Tundra? And do not get me started with the multiple reliability problems in the Nissan "citadel of quality": Quest, Titan, Armada, previous Sentra model?

    Terrible reliability. That is VW's achilles heel. No, its is not. The strong euro is and misguided marketing strategy.

    And if the best you can do is score average with 2 very recent models VW Rabbit has better than average reliabilty and Jetta (2.5L model) is rated average. You have missed it. FYI, MkV Golf was introduced in the Europe in 2003 and came to the US in 2006 as the Rabbit model. The current Jetta variant has been introduced to the US market in 2005.

    VW must string a number of years together of ABOVE average reliability across their model lineup to compete with the Japanese makes and right now they have a long way to go unfortunately To the contrary, VW apparently has no problems competing with the other car makers worldwide because it has posted the record sale numbers and profit in 2007 as well as in the first quoter of 2008.

    The point that I am trying to make is: do not repeat old cliches found in the mainstream media. Sometimes, It could get you into trouble like it happened recently to a conservative radio host who was talking about appeasement on Chris Matthews show.
  • jackforettejackforette Posts: 19
    For anyone to compare the quality and reliability of Toyota, Honda and Nissan over the last decade to that of VW is silly. Pick up any car magazine or read any car review website or Consumer Reports or JD Power and reliability concerns are always present when reviewing any VW and for many years they have ranked far behind all of the Big 3 Japanese makes. You would have to be from Mars to disagree on this point (or not be able to read or form thought based on fact.)
    The strong Euro hurts VW on price but reliability/quality is their major achilles heel which VW admits they are working on. It is tough for one to argue that reliability is not a problem for VW when the company admits it is a major problem they are trying to fix.
    If the best you can do is brag about one average car and one very recent above average score in reliability for VW, you are playing a very weak hand. Passat, Touareg, Beetle anyone?Again, if VW scores above average across their model line for the next decade, I might take you seriously but right now I'm laughing.
    No cliches here. Just empirical fact presented in many different forms by many different objective sources. Yours is just opinion. Similar to a crazy preacher we all know who likes to use the phrase "God Damn America" when speaking to his flock which uncludes a very liberal untested and untruthful Presidential candidate. Ooops!
  • matrsoskinmatrsoskin Posts: 32
    Please put aside your talking points and read your previous posts as well as mine.

    For anyone to compare the quality and reliability of Toyota, Honda and Nissan over the last decade to that of VW is silly. I was not making a comparison. I demonstrated that no car maker was perfect and VW was working on its reliability issues and making a good progress. Why, do you think, Kelly Blue Book has recently named VW as a 2008 Best Resale Value Brand?
    You seemed to agree that Toyota and Nissan did have and do have reliability issues. Come on, you know it, I know it and even Toyota president has publicly admitted that his company car quality has been slipping recently.

    The strong Euro hurts VW on price ... and, therefore, on sales too? But VW is doing just fine outside of the North America market.

    if the best you can do is brag about one average car and one very recent above average score in reliability for VW, you are playing a very weak hand. Passat, Touareg, Beetle anyone? Those models are not the bread and butter ones for VW: the Jetta (Bora) and Golf/Rabbit are. Again, I am not saying that VW is perfect, I just countered your argument that VW could do (or not doing) nothing about its quality issues.

    ...I might take you seriously but right now I'm laughing. Are you OK?

    Yours is just opinion. Nope, "Just the facts mam, just the facts".
  • jackforettejackforette Posts: 19
    I'm perfectly fine my friend but your argument is silly. I have already re-read all of the posts and your argument still remains silly.
    Toyota slipping still places them higher than anything VW does reliability wise. VW's remain famously (or infamously) unreliable. I hope the small gains they have made making 2 of there models somewhat more acceptable in terms of reliability continue across their entire model lineup for the next 10 years and then someone can mention them in the same sentence as the Japanese makes without everyone laughing. Toyota has a stellar reputation for quality/reliability over many years with very few hiccups. VW has a horrible reputation for quality over many years with very few successes. Yet you try to cloud the debate by lumping these 2 very different company histories together by saying no car maker is perfect as if the recent troubles of Toyota negate their terrific brand history just as VW's limited recent success negates their awful brand history. See how that works? Toyota has recent problems and VW has limited recent success so see, no car maker is perfect. You are doing logical gymnastics here desperately trying to prove your point to no avail Do yourself a favor, buy a copy of Consumer Reports for 2008 cars and compare VW to Toyota for reliabilty history and to humor yourself ignore the history and just concetrate on recent dates to test your opinion and notice how many cars Toyotas cannot recommend due to reliability problems compared to VW. Andd note how many 2008 VW's cannot be recommended due to reliability problems. Clearly, VW has not made much progress with new model VW's reliability issues which contradicts your opinion with research based fact Game, Set, Match.
  • dadozerdadozer Posts: 1
    I was offered a saab 9-3 auto, cold weather, moonroof for 3200 out of pocket and a monthly payment of 368/month. Is this a good deal? If not what should I be paying?

    Selling Price-31,065
  • jackforettejackforette Posts: 19
    Unfortunately, Saab does not appear to be offering good deals right now on the 9-3. My advice would be to never put money down on a lease. If your car gets stolen or is totaled, you will never get that money back so poof, $3200 of your money is gone as is the car you had and you have to start fresh on a new car and a new deal.
  • chazbugchazbug Posts: 4
    The comment about not putting any money down is correct. However, in my experience with a couple of Saab dealers, they're not very pro "sign and drive" w/no money down. They try to convince you that it's a "cash flow" issue. Yes, by putting more down upfront you're not paying as much in taxes in the end. However, putting money down puts you at risk as was stated, and, that's money you can't invest elsewhere. With no money down your monthly price will be higher than $368/month--figure mid $400s. The price that was quoted to you with money down seems about the going rate. This past December I put $3000 down and pay roughtly $386/month for a 9-3 automatic, moonroof, cold weather package, premium package, jet black metallic, standard radio, standard seats, standard wheels. If I had to do over again, I would have gone with an '07 60th Anniversary Edition last September, which I could have gotten with the Aero type seats and leather for $340/month with that kind of money down. Or, if you're not in a hurry, wait until the summer/early Fall--if sales are down this year as others have stated, they'll start having their "Fire Sale" and perhaps you'll get an even better deal.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi tjones39. Saab's current base lease rate and residual value for a 24 month lease of a 2008 9-3 2.0T Sedan with 15,000 miles per year are 4.35% and 69%, respectively. The lease rate for an otherwise identical 27 month lease is the same, but its residual value would be 1% lower. If you were to lease with only 12,000 miles per year, both of these residual values would be 1% higher. The $2,500 dealer cash that is currently available on this car is not compatible with its special lease program.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hello theras. You can get the 2.0T data that you are interested in from my previous post. Saab's current base lease rate and residual value for a 24 month lease of a 2008 9-3 Aero Sedan with 10,000 miles per year are 4.35% and 73%. The numbers for an otherwise identical 36 month lease are 4.35% and 62%. As a current Saab owner or lessee, you are eligible for a $1,000 cash incentive on the '08 9-3.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi everyone. While the debate about the quality of Volkswagen's vehicles compared to that of other manufacturers' is interesting, it is off-topic. Please try to keep the discussion focused on leasing Saabs, specifically the 9-3. Thanks.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • therastheras Posts: 44
    I appreciate the assistance Car_Man. I have decided to hold off on Saab's pull ahead offer due to model availability, but may be seeking an update on your information in a month or two. Thanks again!
  • saableasesaablease Posts: 1
    I am looking to lease a 2008 Saab Aero Sedan (w/ Automatic Transmission) w/ 15K miles/year. Since the Aero already includes many upgrades, I would not need any additional options. What would I expect a good deal to be on the sales price as well as my monthly payment and down payment?

    My initial research suggests that the dealers in S. Florida have very limited quantities of the 2008 Aero 4-door sedan.

    Thanks, in advance.
  • dammitjim1dammitjim1 Posts: 95
    Hi all,

    A local dealer on LI has 2 Turbo X models in stock, one in auto, 1 manual, both with Cold Weather and Touring packages. I opted for the 6-speed and requested an internet quote. I didn't get back complete info such as the buy price the lease is based on, money factor or residual, but what I did get back was enough to make me head for the door, so to speak. Here it is:

    $619 per month X 39 @ 12K miles per year and $4,141 up-front

    27 month lease would run $672 per month with $3,725 up-front

    Paying that kind of money for any Saab, even a limited edition model, strikes me as being just about nuts. I am working to get the rest of the info that led to that pricing, but I would definitely not move on this car with those numbers.

    Chime in and let me know what you think - would anybody take a Turbo-X with those kind of lease numbers?
  • dilbert2dilbert2 Posts: 3
    Can anyone give the residual & money factor for a 36 and 39 month 12,000 per year 9-3 2.0t sportcombi Lease. Dealer has told me that there is only $900 dollars markup in these cars and their second pencil had a $1306 discount. How much markup really is in these without getting into dealer cash?

    is this fair?
    39 mo. 12k / yr.
    $495.00 /mo.
    $34,615 MSRP
    $33,309.84 Selling Price
    $1500 cash + $502 GM card = $2002 + $495(first month) drive off.
    so $2497 due at signing
  • saablcpsaablcp Posts: 195
    Take a Turbo-X at those numbers compared to what?How much less is a comparably equipped 330ix going to run you?The new Audi 3.0 Quattro when available?My impression from your statement of "that kind of money for any Saab" seems to suggest a predisposition that this car is inherently inferior to other brands in this segment.Might I suggest a test drive......then see if you still feel this way.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    No problem, theras. Talk to you then.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Dilbert2, Saab Financial Services Corp. current base lease rate and residual value for a 36 month lease of a 2008 Saab 9-3 2.0T SportCombi with 12,000 miles per year are 5.1% and 58%, respectively. The numbers for an otherwise identical 39 month lease are 5.1% and 57%. 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.

    You can look up exactly how much of a spread there is between this car's full MSRP and its dealer invoice price by visiting the New Vehicle Pricing section of Edmunds.com.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • dilbert2dilbert2 Posts: 3
    Mighty abliged Car_man.
  • jkotlerjkotler Posts: 1
    I am going to lease/buy a new 9-3 2.0 this week and want to know how much I should pay, pre-tax, for a base (manual trans) 9-3 with nothing down. Assume that we're looking at a 27 month lease with 12k per year. Also, is it possible to get a moonroof and the sport seats added as an option, and how much would that add to the lease? Can I negoatiate a lower payment if I'm willing to accept 10k miles per year?

    Any help that you can give me would be greatly appreciated. I am ready to pull the trigger but need to know that I'm getting a good deal.
  • therastheras Posts: 44
    Hi Car Man,

    I'm back. Could you update the lease information for an 08 93 2.0T sedan? I am looking at the 27 month lease with 10,000 miles per year.

    Thanks much!!
This discussion has been closed.