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Saab 9-3 Lease Questions
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Comments
36mth @ 12000mi
* monthly: 463.11
* due @ sign: 597.36
* cap cost: 31,391
* residual: 58%
* money factor: 3.5
* MSRP 33,210
I test drove one and liked it, and then sent out a request for quote, so no negotiating has happened yet.
Unless rates have recently risen, you can probably do better on that money factor-I went to two dealers in Nov 06 and one quoted me (9-3 Aero SC) a money factor around what you were quoted but the other was willing to go into the mid 3's (I forget the exact details but they've been posted on this board previously).
I am seeking 27 months at around $310-$320 per month (10K miles) with minumum at signing. 1st month and DMV fees only. $600-$700 down max.
Is this reasonable to negotiate or am I off. It seems right based on the current national offering by saab and the dealer tells me I get an additional $500 from Saab as a returning leasee. any help is appreciated. Will sign today to get this deal.
MSRP: 28,745
Lease: 239/mo
Cap Cost: 1,999
27 mo/10K miles
All other fees extra - title, tax, delivery, bank fees etc.
If I was looking for an additional 2-5K miles a year what would I expect to pay?
Interested to get your feedback. This is in the Boston area.
Many thanks!
Saab Financial Services Corp.'s current base lease rate for any lease of a 2007 9-3 Aero Sedan up to 48 months is 3.35%.
Car_man
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Car_man
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Thanks for the reply. I actually drove the 9-3 Aero and wasn't impressed to say the least. The search continues....
Thanks again!
MSRP: 32440, CAP-cost: 30900, residual value: 22000(68%) inception charge:$1917 (includes first payment, tax, doc fee, reg. fee and something else I can't remember) monthly payment: $435-/ 27 mo./15k miles money factor 3.5%.
I have the following questions:
1)Is the money factor 3.5% sounds reasonable?
2) what can be negotiated ( i.e CAP cost, miles. money factor.. etc.). I would like more mileage than 15k.
3) Have I got all the information above or there is something else I should ask?
4) Is Inception Charge is different than down payment because he never mentioned a down payment? Is down payment an optional or is it required?
Thanks in advance.
email me and I will give you the name of someone in NJ to use that gave me a great deal. I picked up a 2007 9-3 in Titan Gray, Manual, Cold Pkg, Sunroof, 10k miles/year. $326 per month - $731 out of pocket. (Includes 1st month and fees) The MSRP on my car was a little lower - no premium package and no premium sound system. also only 1oK miles.
residual $20,742 - 71%
Good luck
Thanks,
Jason
Car_man
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The selling prices of leased vehicles are negotiable. You were quoted a discount of $1,540 on the 2007 9-3 2.0T Sedan that you are interested in. A base version of this car has a spread of $1,366 between its full MSRP and its dealer invoice price. That means that the quoted that you were given is probably only a couple hundred dollars over invoice, which is a good deal for a lease of this car right now.
Vehicles' money factors and lease rates are not negotiable in that dealers to not have the authority to lower banks' published rates. However, dealers are often allowed to make vehicles' rates up to add additional, hidden profit to deals. That's why it is important to know what the base rate should be for the vehicle that you want to lease. With the payment of a security deposit at lease signing, this car's current base lease rate is 3.35%. Make sure that the dealer you are working with uses this lease rate to calculate your car's lease payment and you're in business.
You can lease this car with 15,000 miles per year instead of 12,000, but doing to will lower its residual value slightly and in turn increase your monthly payment by a few dollars.
Inception charges are the money that you have to pay at lease signing. It is different than a down payment in that it includes your vehicle's first month's payment, its security deposit, Saab Financial Services' $595 acquisition fee, any required state taxes or fees AND your down payment IF you choose to make one. Consumers are never required to make down payments on leased vehicles. In fact, it is in your best interest not to make one. Consumers who make down payments on leases risk losing them if their vehicle is totaled in an accident or stolen and never recovered.
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Add this to your cost of leasing. Brakes need replacing every $25,000 miles and $500 bucks per axel i.e $1000 on brakes. Everything falls apart. I had about 4 rcalls and the dealership loans me a Chevy cobalt from enterprise rental everytime I go there.
If you buy a BMW you drive a BMW loaner when your car is in the shop.
Use your own judgement before you buy or lease one.
And the lease return, They give you a book and make you go through every nick and dent plus there the $350 recovery fee.
Also add replacement of all 4 tires for $1000. The perelli's don't for 45,000 miles and they make you replace them for excessive wear and tear.
I am a GM employee and won't consider another SAAB even with GM employee discount.
I am buying the Saturn Aura.
andygrv has told us the story about his personal experience with the SAAB lease and dealership in California, not in Pennsylvania. If you like your local SAAB dealers-good for you! The fellow in California was not trying to convince you otherwise.
Yet, having four recalls on a car is not OK, not these days.
Do not jump on this fellow because of a misprint and call him semi-literate. BTW, it is ether literate or illiterate, the same as a fish quility: there is no second grade freshness.
"...some of the criticisms you are applying universally" - do not put words in someone's mouth. Our personal experience is what we, most of the time, make our conclusions and decisions. andygrv has decided for him/herself not to deal anymore with SAAB based on his personal experience in California. If one to extrapolate your logic, he should not have come to such conclusion before spending some time in your area, where SAAB dealers are good. Then what, he/she will have to move in permanently? I do not think so.
We stay where we like, we buy cars, and if we are not happy with them, we get rid of them and buy the better ones.
Perception of a car quality is based upon opinions of individual owners. If particular owner feels that his/her car is just a moving nuisance, nothing could change that.
So, enjoy your SAAB and let others to express freely their opinions.
Matroskin
I just received a lease offer on a 60th Anniv 9-3 2.0LTurbo...
12,000 miles
27 months
$401 inception
$32,920 sticker
GMS pricing
$352 per month
Is anything negotiable on a GMS lease? Or is it take it or leave it. Also, what is the base rate that you speak of and how does it come into play? Thank you.
I have a question about leasing a 2007 saab 9-3 2.0t. This is my first time leasing so I want to make sure I'm not getting taken advantage of:
MSRP: $28,015
$259/month, 27 months, 10,000 miles a year
$2129 due at signing, plus taxes
This is a "special" they are running. Is there a way to not put $2129 down plus taxes? I'd like the payment to not go over $300/month. Is this possible, or am I dreaming?
I'd apreciate any help you can provide.
Thanks so much!
If you are leasing, why put anything down on it? $2129 divided by 27 months is $79/month. Total price is $338/month.
Don't forget, they offer early lease turn in. Sometimes 2-3 months early. So why make the downpayment? Don't throw money away. Keep it in your pocket, not his.
Wait em' out and let them come to you.
I may be illiterate but I am bright enough to understand what a real scheduled maintenance means and you should check out BMW 's site for it.
link title
Don’t get confused with what SAAB sells as scheduled maintenance.
BMW covers the brakes for 50,000 miles and they don't charge $1000 (front and rear) for a brake job at 25,000 miles nor does BMW ask you to replace all the tires when you return the car.
I am not trying to bash SAAB but I just want future buyers to know that there are other hidden costs when you lease a SAAB and there are other car companies like BMW that covers them. And that is the exact reason why BMW is still independent and not bought over by GM or Ford.
I am just trying to warn the buyers that in your 45,000 mile lease cost of leasing make sure you add $1000 for a brake job and a set a of tires plus a $350 recovery fees.
Saablcp
You can use your PHD and read what BMW has to say about schedules maintanance.
We cover all factory-recommended maintenance at no charge for four years or 50,000 miles, whichever comes first, as well as items that need replacement due to regular wear and tear.
Your maintenance costs:
• Scheduled inspections: $0
• Brake Pads: $0
• Brake Rotors: $0
• Engine Belts: $0
• Oil Changes: $0
• Wiper Blade Inserts: $0
• Inspections: $0
• Fluid Services: $0
By offering such a comprehensive maintenance program with every new vehicle, we are able to help you manage the cost of ownership and keep maintenance costs down.
And since all services are done at an authorized BMW center, by a BMW certified technician who has been specially trained by us, we can guarantee that only original BMW parts will be used. In other words, your BMW will be maintained by our standards, which are, admittedly, higher than most.
Also
BMW and Lexus actually gives a BMW or Lexus as replacement vehicle when your car is in the shop.
First of all, let me point out that i am a huge BMW fan, own one, and will most probably buy a 335i sometime soon.
BMW's scheduled maintenence is one year longer than saab's and they cover brakes. But bear in mind a similar BMW may be several thousand more than a similar saab in a lease deal, or 5-10K more purchased. That will cover an extra brake job and 1 year of maintenence quite easily. On a BMW you will also most likely need to buy tires over the course of a 45K lease, and they have lease end fees as well--everyone does. BMW brakes may cost more or less than saab ones depending on where you go. Even brakes on a chevy can set you back. That's life.
Secondly, there is a lot of variance between dealers. My old saab dealer did give saabs as loaner cars. All my bmw dealers have as well, but i do know of bmw dealers that do not.
Hm. That's a *little* bit of a stretch. Mercedes is certianly a direct competitior, and in some contexts more expensive companies like porsche and maserati are (m5 versus quatroporte?).
Strictly speaking, saab and BMW are not competitiors, so it's hard really compare their cost/benefit. When i think of competitors for saab, i think acura and maybe even subaru.
Got a few lease quotes around the same price for a 9-3 60th anniversary with cold weather package, auto and moonroof
msrp ~$32,000
27 months
$320 a month
$1000 cap cost reduc.
Only about $25 a month more than a 20,000 msrp Nissan altima...
I could have gotten the 9-3 aero for about $50 more a month if I wanted.... tempting but I don't need the power and less mpg.
Saab really does have some good lease deals right now.
easy choice!
:confuse: :confuse: :confuse:
First time leasing and would appreciate any info. Shopped around and got a few quotes. Best is:
MSRP 31920$ (60th anniversary, moon roof, winter pkg)
Net CAP: 30484$
Money factor: 0.00202
15,000 Miles a year/ 68% residual
Including tax and all other fees:
27 month - 342$
4000$ down
Is this a reasonable price? What can I neggotiate?
Thanx
Unable to e-mail you via the edmunds site. Would appreciate your inputs. And can you mention the dealership you got it from.
Cheers
My MSRP and sale price were the exact same(seems to be a popular configuration).
my mileage a year was 10k (I don't drive as much)
My out the door expenses(Tax, bank fee, sec deposit, Title/license) were ~$2700 INCLUDING a $1000 cap cost reduction...
what's funny is I got these numbers without negotiation.
my email is realhawker@gmail.com I can email you some dealer contacts if you are interested.
again my monthly payment is $320 a month...
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It's good that you know the MSRP of the car that you are interested in, but you never mentioned its selling price. 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.
As far as the money due at lease signing goes, banks usually charge vehicles' first months' payments, a security deposit equivalent to the payment rounded up to the nearest $25 or $50 increment, an acquisition fee (which is $595 for Saab Financial Services), and any capitalized cost reduction that you want to make (aka down payment) at lease signing. Consumers can and should lease any vehicle that they are interested in without making any sort of down payment. Doing so will make your monthly payment a little higher, but will protect you from losing your money if your vehicle is totaled in an accident or stolen and never recovered. You also can roll your car's acquisition fee into its capitalized cost to bake it into your monthly payment. This will again increase your monthly payment a little bit, but it will keep you from having to pay that $595 at lease signing. Let me know what this car's selling price is and I can calculate what the monthly payment would be on a lease without any down payment.
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Once you know the MSRP and approximate selling price of the exact car that you want, let me know how long you want to lease it for and how many miles per year you need to be able to drive it and I will be happy to use this information to estimate what your lease payment would be like right now.
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This car doesn't have much of a spread between its MSRP and dealer invoice price, so the $1,436 discount that you are bring given on this car is pretty good. Having said this, on March 15th, Saab introduced a new program that provides a $750 cash allowance on '07 9-3s that have been in dealer inventory since December 15, 2006. If your car has been on the lot for that long, make sure that you get the dealer to take this cash into account on your deal.
Saab Financial Services' current base lease rate for this car is 3.35%. This is equivalent to a money factor of around .00140. Make sure that the dealer that you are working with uses this money factor to calculate your car's monthly payment.
I see that you are considering making a $4,000 down payment on your lease. I always advise consumers against making large down payments on leased vehicles. Those who do risk losing them if their vehicle is totaled in an accident or stolen and never recovered. Even though your monthly payment will be a little higher, you would be better off not making any sort of capitalized cost reduction when leasing this car. All you have to pay at lease signing are your first month's payment, a security deposit equivalent to that payment rounded up to the nearest $25 increment, SFSC's $595 acquisition fee, and any required state taxes or fees. You can even roll the acquisition fee into your monthly payment if you want.
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You never mentioned the selling price or MSRP of the car 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 this car's selling price 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 work up a sample lease payment on the car that you are interested in for you if you let me know what these numbers are.
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