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Saab 9-3 Lease Questions

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  • I was wondering if anyone has looked into using another lease source (Independent Bank, etc) so you can take advantage of the $4000 rebate? Same idea as what Volvo is doing with their S40 leases right now.
  • I,m clueless as to how the lease financing works. I see the 3.5% and 56% I need to know how to do the equation to see it in dollars and cents. I have a 2004 Saab Arc (lease) that is due to be up next month. I paid $339.00/month w/15k for 36 months. If soneone can tell me how to figure out the way leases are figured out at the dealership, I'll feel better about not getting ripped off.
  • Hi all. I'm going to lease a 2007 Saab 9-3 base model (only option is cold climate package) and wanted to share my experience.

    2007 Saab 9-3 2.0T
    Polar White
    Parchment Leather
    Cold Climate Package (heated seats, headlamp washers)

    MSRP: 27,545
    Sell Price: 27,045
    Invoice: 26,528 (per what the dealer showed me)
    Rate: 3.35%
    39 mos & 12,000mi/year
    Residual: 58%
    No down payment
    Drive off is 1st month's payment, reg fee, refundable security deposit, tag and title ($1127.88)
    Monthly Payment: $387.88 including tax.

    How does that look?

    I enjoyed my experience with my local dealer, one of the best car shopping/buying experiences ever. Absolutely no pressure whatsoever. I've never leased before, so hopefully that deal is ok.
  • uncjediuncjedi Posts: 2
    Hi Car_man, or anyone else that can answer this...

    Just got back from my local dealer, and was wondering if this is about as good as I can do on this...

    car:
    2007, 9-3 2.0 sportcombi
    cold climate package
    roof rails
    3800 miles- loaner/program car

    price- $29,935

    Now here's where it gets a bit sticky. I am attempting to roll over around $3700 in negative equity in a Tahoe that I have that I need to get out of. I don't know if that price includes the negative equity or not... I assume it does...?
    Does that sound about right if so?

    Here's the offer I rec'd-
    39 month lease, 15k miles/yr
    $1000 down
    $535/month
    5% lease rate

    or...
    39 month lease, 15k miles/yr
    $1525 down- to also cover security deposit
    $515/month
    4% lease rate.

    A few questions-
    Does the 3.35% lease rate only apply to the sedan? That's what I was told... ?
    Does that appear to be a decent deal, given my circumstances with the neg equity?
  • uncjediuncjedi Posts: 2
    ok- I've gotten a little more info on the above deal that I was quoted...

    The sales price I've been quoted is $29,800, BEFORE the rolled over negative equity amount...
    They came back with another offer:
    $1725 down, covering taxes, 1st pmt, taxes (SC), and security deposit,
    sales price $29,800 (9-3, auto, roof rails, cold climate package, loaner 3800 miles)
    4% lease rate
    $499/month.

    This doesn't sound like that great of a deal to me, given the sales price. From what I've read on here, the sales price should probably be lower. What's the prevailing opinion? What's the invoice on this car?

    The car has a sticker of $30k and some change, but since it's a loaner, they have a sales price listed as $25,500- as a sale, not a lease I'm assuming.

    Still it looks like to me they'd be able to come down on that sales price... am I being too pesimistic?
  • Hey Car Man or anyone else knowledgeable,
    How does this sound on a Saab 9-3 Lease w/ Anniversary Package, Automatic and Sunroof:
    27 months, 12K miles per year
    $1,328 Drive Off
    MSRP $32,370
    Cap Cost $30,169
    Residual $22,335
    Rate 3.35%
    $346/month before tax
  • I am being quoted $700 off $31,370 MSRP for 9-3 2.0 Sport Sedan with automatic and anniversary package. 56% residual for 39 months at 12k per year and 71% for 27 months which seem good, but being quoted 5.35% rate which seems high. $458 for 39 and $489 for 27 months. Seems I should be able to get to $400 or so if I can get 3.35% rate and tweak the price a little? In Twin Cities area.
  • Where are you located. In Twin Cities, I am being told lease rate is 5.35%, not 3.35% With $1000 drive off, I am being quoted $434!!!
  • Hey, just wondering what the 2 year leases are like on the 9-3 aero sedan and convertible? thanks
  • I have a 2004 9-3 Arc with 10 lease payments left. My warranty expired at 36,000 miles and I am at 42K. My car just started making a groaning/grinding noise with the brakes and have taken it to 2 places (one dealership, one local place) who both indpendently recommended that I needed to replace the rotars, pads etc... The cost of this job is in excess of $1000.00.

    Assuming this occurred at lease-end I could probably turn the car back in and not be out this expense due to "ordinary wear and tear". Unfortunately that is not the case and I still have to pay for the car for 10 more months. Does anyone have any suggestions for how I may resolve this either though early termination or some other way. Prior to this I would have considered buying out the residual but not anymore.

    I do not want to put $1000 into a car I am returning in less than a year.

    Any thoughts appreciated.
  • jescuejescue Posts: 521
    Well you may be liable for the brakes even if you could turn it in now. Brakes are just like tires in that they are wear items not covered by warranty. You are responsible for the vehicle being in normal operating condition as well as routine maintenance. I will say that $1000 seems quite high. You might try a shop that specializes in Saabs (other than the dealer). I see no way out of the lease 10 months early without it costing you in the end.
  • saablcpsaablcp Posts: 195
    Returning a car with brakes worn beyond safety standards would not be excluded as "normal wear and tear" by any leasing agent.The only thing "normal" about brakes are the fact that you WILL wear them out in the course of driving and with the exception of BMW,NO manufacturer covers them under warranty.The price you are being quoted is only slightly higher than I would expect for pads and rotors.In addition....if you are just doing brakes for the first time at 42,000 miles I would suggest you you don't realize how lucky you are .That is well above normal replacement mileage for almost any car.In addition,Why and how does the fact you have to pay for replacement brakes influence your decision as to whether you buy the car at lease end? Any car,leased or otherwise,will require up keep.Can't wait to read your post when your tires need replacing!!LOL!
  • Ahhh, thanks for the information dhanley. That's silly. I could see why the GM Card would have excluded Saturn models years ago when the brand was first launched and it refused to provide cash incentives on them, but now it has all sorts of incentives on Saturns. As far as Saab goes, perhaps GM is trying to distance it from the rest of its divisions to help maintain the image that it is an independent Swedish brand. Either way, the exclusion of these brands doesn't make much sense to me.

    Car_man
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  • Hi al2007. Since you are new to leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.

    As far as this specific lease goes, you never mentioned the selling price of the 9-3 that you are interested in leasing. This is an important number for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing the price of the car that you want to lease you don't know how good a price you are getting it for. The second reason is that one needs the selling price of a vehicle that they want to lease is that it is necessary to calculate its lease payment. I would be more than happy to give you my opinion of this deal if you let me know what its selling price is.

    Car_man
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  • Hello ronsf. This selling price would definitely be high if you were paying cash for this vehicle, but it's not too bad for a lease because the $4,000 consumer cash incentive that is available on this model is not compatible with its special lease program. It is probably around $700 or so over dealer invoice. You may want to stop by the following discussion to see how much other community members have paid for similar models lately: "Saab 9-3 Prices Paid and Buying Experience". The lease rate that you were quoted for this car is right in line with this model's base lease rate.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Hi mahoba. I don't know what Saab's specific policy on this matter is, but most banks allow dealers to mark-up their base lease rates and money factors to add additional hidden, back-end profit to deals. That is why it is important to make sure that the dealer you are working with is using the base rate to calculate your monthly payment.

    Car_man
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  • Hi ddemayo. You are fortunate to be in an area where there is probably a number of Saab dealers. It would be in your best interest to comparison shop with a few of them. Also, since you are new to the world of leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.

    You never mentioned the selling price or MSRP of the 9-3 that you are interested in leasing. These are important numbers for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing what this vehicle's selling price is in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. I would be more than happy to give you my opinion of this deal if you let me know what these numbers are.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Greetings codydog1. The following informative article will show you how to use the lease rate and residual value data that you have seen mentioned in this discussion to calculate a monthly lease payment: Calculate Your Own Lease Payment. Check it out and let me know if you have any questions.

    Car_man
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  • Hi soonerfan1. Thanks for taking the time to share the details of the lease that you negotiated with everyone. It looks like you got a good deal to me. I'm glad that you enjoyed your buying experience so much. Make sure to stop by the Edmunds.com Dealer Ratings & Reviews section to share your thoughts on this dealer with others. Enjoy your new ride!

    Car_man
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  • Hi uncjedi. Ideally, you would wait until you are less upside down on your Tahoe to get something new. If you absolutely cannot wait, it is important to get the lowest selling price that you can on the car that you are interested in. What is this car's MSRP? This is a useful number to know because it will show how much of a discount you are being given on this car. Let me know and I'll tell you what I think.

    Saab's current base lease rate for the 2007 9-3 SportCombi is 3.5% with the payment of a security deposit at lease signing for both of the terms that you mentioned. Make sure that the dealer you are working with uses this rate to calculate your monthly payment.

    Car_man
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This discussion has been closed.