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Saab 9-3 Lease Questions
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Comments
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.
Let me know if you have any other questions.
Car_man
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So I'm in contact with a Saab dealer, and the purchase price seems fair to me, but they don't have a specific color I'd like. I've been avoiding specifics to keep the focus on the price.
Do you have an idea what it might cost a dealer to trade with another dealer or manufacturer for a specific color 9-3? I'm thinking it would be around the ballpark of $100-$300 if the dealer had to pay to transport it. (I shipped my car across California for $300 a year ago)
The nocturne and fusion blues look awesome!
Rob
Has anyone on this forum explored the up-front single payment lease option? Details are limited on the net, but from what I understand you simply pay the depreciation of the car and no finance fee, since you are not borrowing the depreciation over the term of the lease. Does that sound correct?
In numbers, a money factor of .00164 translates into an annual interest rate of 3.936%, which you would be saving per year. Or, if you opted to go with the traditional monthly lease, you would have to be able to earn greater than 3.936% from investment money to cancel out Saab Financial's finance fee.
Am I reasoning about this correctly? Anyone know of some huge downsides to the up-front single payment lease?
Thanks people.
If the bank buys the vehicle you are leasing from the dealership for $30K, and you pay $15K to lease it for 3 years.. ..there are still finance charges to pay on the residual amount (assume $17K).... By paying all of the depreciation and finance charges upfront, the bank will usually charge a reduced finance rate.. and that is where the savings occur.. but, it is nowhere close to the entire finance charges...
regards,
kyfdx
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Thank You, kyfdx.
Rob
Hi. Can you please provide the current MF and Res for 2006 Saab 9-3 2.0T, 36m, 10 & 12k miles.
Also can you please provide the standard Saab lease acq fee.
Does the $500 cash incentive apply to 2.0T as well?
A friend received a solicitation from GM saying they would pay up to $2000 toward any current lease he is in if he wants out early on any lease he currently has. It does not even say the current lease has to be a GM lease. Is this the standard we'll just roll it in offer, or is GM really making this offer?
thanks
gperr
MF seems to be .00164, regardless of 36 / 24 month term. Correct???
Residuals for would be:
24/12k
24/15k
36/12k
36/15k
I assume that residuals would differ from the combi and convertible . . . lots of discussion on these models but not the base 2.0T.
I need to close a lease prior to month end as my current car is due back on Nov 29. Your assistance would be appreciated.
Thanks,
Michael
Car_man
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Car_man
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GM was running an early lease termination for any consumer with a GMAC lease through 11/14/05 of last month. I believe that the offer your friend got is different than this one though. It sounds like a targeted direct mail offer that is designed to pull anyone who is currently leasing into a GM product. You probably have to be on some sort of targeted marketing list to get this offer and it may not be transferable.
Car_man
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Car_man
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Hi, do you know what the December money factor and residual values are for a 36 month lease and 15K miles per year? I saw you mention the 2.0 values but I'm not sure if they are the same for the 9-3 Aero. Thanks!
Thanks for managing this forum. Great info! This is my first lease and first Saab. Have read all the info here on Edmunds and am now seeking some answers as I go into the leasing process. Do you or does anyone know the money factor and residual value for '06 2.0T Arc Convertible? I'm also wondering if GM is still offering "employee" price discounts to the general public. Thanks in advance.
Quoted the following today on 06 9-3 Sport with automatic, heated seats, dual climate control.
2 year / 15k miles per year.
$382/month, taxes included, only $382(first month) + $55(documents) + $10(drive off sticker) down.
If I go with the blue metallic, same deal only $392/month. The invoice on this car was $28165.00
Comments on this deal?
Thank you in advance.
Stuff i dont know about includes 00164 money factor, adjusted cap of car 29,430 (which seems wickedly high) intial cap was 29,000 the msp is 30,270
LEV is 71% at end of lease. Includes the nys tax which is on high side of 930 so wont quibble with a
few dollars of monthly price but
price seems high. compared to other lease deal for audi lexus and bmw for more expensive cars Thansk for you advise
9-3T metallic paint, auto, moonroof, cold package
MSRP 30,270 Sell price 27,441 resid=59%=17,859
$700 due at signing MF=.00164
Includes pull ahead & owner loyalty of $1000 plus last payment on old car forgiven
Payments for 36 mo 12K/yr = $385
Sound Good???
Jerry
Thanks.
One note...Saab direct mailed a $1000 cash voucher in November to randomly selected households and GM direct mailed a $2000 voucher. This bonus cash is for purchase or lease.
Since I did not receive this, I have contacted Saab Fin., Saab incentives, and Saab customer service. All have advised me to talk to the dealer and push them to contact Saab for this bonus cash. While I am not optimistic, I have been told that the right dealer may be able to receive this. Any others with insight? Has anyone received this? I am coming the end of my second Saab lease (9-5 in 1999 and 9-3 in 2003), and am very satisfied with the vehicles.
Thank you for any reply and happy holidays to all.
2 Years, 12K miles, 59% Resid.
MSRP: 33,765
Cap Cost: 27,665
Money Factor: .00164
270 per month
I get the GM Supplier discount, as well as, trading in my girlfriends 99 Cabrio (getting 4,500 from dealer). Is there anything I should negotiate down or is this a fair deal?
If the dealer is able to secure access to the $2000 voucher, I will lease the car immediately.
As mentioned, I am currently in my second consecutive Saab lease, 9-5 and now 9-3. I have had minimal problems, even though the 9-3 was first model year(drivers side window derailed and was fixed immediately). I recommend test driving a Saab to any and all who ask.
Anyone know if GM or Saab will have some promotion after their "Fly Saab Holiday Event"?
Thanks
Jonathan
MSRP 30270
Base Cap 27931
Nothing down
595 Aqcuisition
Total payment with 6.6% tax
is 375.11+24.76
I am getting the .00164 and 71% money. Did I leave anything on the table.
I also got $2000 cash from GM which paid off my last 3 months of my 2003 530i.
for 2yr/15k per year money factor .00164 residual 70% payment 390 with tax. I love the car!
I saw the price about to be 33K. Any incentives to wait for in february vs january? thanks
Its the 5 spd base model.
MSRP: 26,620 (25,900 plus 720 destination)
Selling: 25,138
$ Down 1,914
Net Lease 23,864 (with 595 "lease fee")
Rate 3.94 (Money factor .00164)
term 24 mos
Residual 18,900 (71%)
Payment 279 + 21 tax
DMV 227, Ca Tire 8.75, Tax/Misc 148.35
DriveOff 2,599 (includes down, misc fees and 1st payment)
I like the base model car OK, is this a great or so-so deal?
Thanks
The facts are
MSRP $42,165.00
Invoice $40357.00
Sales tax: .06 x $564.15 (your base payment) = $33.85 x 39 months = $1320.15 (Sales tax is ONLY paid on the part of the car you are buying, or 37% in this case This is where you actually save money!)
Residual is .63 x $42,165.00 (MSRP) = $26,563.00
Interest is 6.84% used for the money factor
Title and license is $349.50 (this is paid as part of your initial $947.50, which includes the first payment).
Acquisition fee is $595.00
Security deposit is $0.
Gap insurance is actually included in the lease but is paid by GMAC out of your first payment.
Lease term 39 months, mileage allowed is 12,000 miles/year for 36,000 miles total over 39 months.
Extra mileage is $.20 a mile.
Monthly payment is trying to negotiate, but dealer says $598
Due at signing is $947.50
Thanks for any advice, thoughts or experiences from other people who recently leased a Saab Convertible.
Thanks!
Steve
I can't tell you for what that package will be, but I will give you my numbers. I just leased last week, Jan 25th.
2006 9-3 Aero
6 spd manual transmission
Touring package
Cold weather package
Metallic paint
Sticker: $34,915
Military pricing: $29,749
I got them to waive the $398 document fee. During the signing, I also noticed that they forgot to add in the tags and license fee. I noticed it, brought it to their attention, and did not put it back in.
Saab now does not do the leasing. This just changed last week. All leases are through GMAC. No money factor, they now talk normal interest rate.
Residual: $22,793.05
Interest Rate: 3.94%
Downpayment: $2070.34 (incl 1st month payment, fees, etc.)
Term: 24 Mos
Mileage: 18k / year
Payment: $361.57 / mo (incl the 3% NC tax)
I hope this helps you.
Jeff
You were able to lease off the military discount price? I was told three years ago that this was not possible by Saab Financial. If this is now doable, I may have to go snap up another Saab this month.
Roy
Yep. I made sure of it by calling Lehman Saab in Mechanicsburg, PA as well as the dealerships in Wilmington and Raleigh, NC. I was a little sceptical, at first, but it worked out.
Having said that...We bought a Volvo XC90 two years ago using the military sales program AND they credited time served deployed in Afghanistan and iraq to qualify for the "overseas delivery." They credited me the $2k for the trip and the price was unbeatable.
When it was delivered to the port, the government charged import duties on it. Since the dealership told me, and in writing, that I would nave "no additional charges" they begrudgingly paid the $1700 import fee. I guess they just weren't that familar with the program.
So, because of that experience, I was very careful about watching the numbers on this lease. I was happy to see they did honor it and I am very happy with the car.
jeff
Thanks for the tip that lease is now possible on military disc. Leased yesterday.
Pulled ahead three months on 2003 9-3 Arc 2.0T
9-3 Aero
Metallic
Cold weather
Auto (no manual in stock)
Touring
MSRP 36,265
Military price 31,0--
500$ loyalty
27 month/12k
3.94%
residual 25,022 (69%)
Monthly 379$ (includes 8.8% WA tax)
0$ drive-off
It's a totally different car than my '03 9-3 Arc.
Thanks,
Roy
Congratulations!
I am very happy so far. Of course, I have seen a couple other leases where the price or drive off seemed a little different, but I am overall very satisfied.
The car is awesome. I love the way it drives. We take it in this Friday for the customization just to take care of those little quirks we all have. Thankfully Saab will let you do that on their car. I wonder why other automakers won't? Hmm.
Well, happy Saabing. I just receive my SAABNET.com shirt and license plate holder for my membership.
Jeff
Thanks for this great service. I've already learned quite a bit here. I was wondering if you could provide current money factors and residual values on the 9-3 2.0T? I have been quoted the following:
MSRP: 28,920
Base Invoice: 28,204
Lease Term: 27 months
Residual Value: 70%
Money Factor: 4.44% (0.00185)
Saab Rebate: 1,000
Down Payment: 1,000
Monthly: 390.22
Does this sound like a reasonable deal to you? I plan to inquire about 36 and 48-month lease terms as well, but would like to know the money factor and residual values beforehand.
Thanks for your help!
Car_man
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Car_man
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Once again, thanks for your help!
Charlie