Saab 9-3 Lease Questions

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Hi everyone. Please use the following discussion to post any questions that you have about leasing a Saab 9-3. Thanks.
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If the residual were 57% for 24 months, the lease payment would be over $170/mo. higher...
The higher the residual, the lower the lease payment, all other factors being equal..
regards,
kyfdx
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But, the deal may not be as good as last year... Short-term interest rates have been rising steadily over the last year, and it is starting to have an effect on money factors... So, the incentives are still there.. but, the cost of borrowing money has gone up..
Another point: Residuals are always strongest at the beginning of the model year.. and tend to go down gradually throughout the year.. Usually, incentives will be increased via lower money factors or dealer cash/rebates as this happens, to keep lease payments affordable...
And... when the new model year starts, many cars are more expensive than the models they are replacing... Once new car fever subsides, you may see lower payments...
regards,
kyfdx
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Thanks!
I am looking to lease a 2006 Saab 9-3, MSRP 30270, Selling price 27454 (GM employee price), 24 months, 12k mi per year. Can you calculate the money factor, residual, and monthly payment for both 24 months and 36 months? Saab has a national advertised rate of 299/month plus 2999 down, but It isn't clear to me how much of that is acquisition cost and fees versus cap cost reduction. I also want to avoid paying money up front as you suggest. Thanks for the help!
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Can you provide me current money factor and residuals for 2006 9-3 with terms of 24 and 36 months with 15K mileage.
thanks
Jason
What are the October lease money factor and residual value numbers for the 2006 Saab 9-3 2.0T Sedan for the following terms? 36 months with 12,000 miles per year; and 48 months, with 12,000 mi per year?
Also, does it appear that Saab is just pushing purchases right now (is there just way better support for purchase financing than for leasing)?
Thanks again,
Ben
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Can you tell me the money factor and RV on the new '06 Saab Aero convertibles, based on a 24, 30 or 36 month lease with 15K/miles a year?
thanks
will not change that reality.My calculations put a 48month /10k per/yr lease on an Aero man.trans.with NO options and at dealer invoice at more than $ 560.00 plus usage taxes.So I respectfully suggest you raise your budget or lower your category of car accordingly.A Chrysler Sebring,perhaps?
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I am trying to determine lease or buy.I noted your point about losing out on a high lease downpayment if there is a serious accident, however, I can put $2500-$3000 down and thus have a much more manageable monthly lease payment. If I like the car, I would definitely consider purchasing it at lease end. This is my current line of thinking, however I am game for and appreciate any advice!
Questions: Do you know the buyrate lease money factor and the RV for this car?
Any advice as to lease vs buy?
The parameters I am looking for are 36 mo/12,000 or 15,000 miles annually.
Any other advice is also much appreciated.
Thanks
They offered 6.25 on 60 month straight financing. The payment would be about $150 more per month, but at the end of 36months, the car loan would be about 60% amortized, vs. a 62% residual on the 36 month lease. In other words, if I wanted to buy the vehicle at the end of 36 month lease, I would need to pay about $28K. Although my payments were $150 more per month, on the loan, I would only OWE about $16K. It would seem to be a much better deal to buy it.
Also, they were giving me some small discount, but the line is that the pricing is pretty much fixed. Is there any truth to this?
Thanks,
Why wouldn't the dealer just raise the selling price by $1000 and use the base rate, making himself $400 extra, and saving the buyer $400 over the marked up money factor?
Any insights on that?
regards,
kyfdx
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Personally, i think that's pretty good for 32K. All i'd add is cold weather.
Can't comment on the ride, i thought the old aero was a little choppy but not too bad.
dave
I am shopping for a 2.0T Combi. MSRP =$30,265. I was originally quoted $28,970 plus "fees" and told that the particulars of the lease program would be available later.
Now I got them and would appreciate any input or feedback.
The lease program as offered is $3662 (500 from Saab) so $3162 down + $434/mo for 36 months 15k miles.
The makeup of initial payment was: First Month-$433, $2000 downpayment, $175 tax on DP, $258 license fee, $795 bank fee.
Money factor was given to me at .00204.
Residual values = 57% ..Question- is this % of the MSRP, sticker price, or what my price is?
For this example, Residual = $17,251.
The dealer explained that I would be paying only $11,013 for the 36 months ($305/m) and "with lease fee and sales tax" as described, added, the total would be $15,612.48. ($433/m)
I am confused as if I add the $15k to the residual $17,000,I am over $32k? Is the dealer confused?
What parts of the "fees" do they have influence over and what not? Where is my best bargaining leverage in the lease deal? In the amount of DP? I was told adding $1000 DP only brings the monthly down $20.
I appreciate any help or tips given. In the spirit of the site, I will be sure to pass anything helpful on when I get a chance! Thanks
Is there room for improvement?
MSRP - $33,415
Selling Price - $30,332
Money Factor - .00184
Acq Fee - $695
Term - 24 months
Cash Down - 1,030
Rebate - $500
Miles - 12,000
Total Down - $2,500
Payment - $329.78 (7% sales tax)
As far as this car's current lease program goes, if you were to lease a 2006 Saab 9-3 2.0T Sport Combi through Saab Financial Services Corp. right now for 36 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00164 and 57%, respectively. The residual value for an otherwise identical lease with only 12,000 miles per year would be 1% higher.
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What are the aspects of the lease agreement that are most negotiable? I read Jack's post about Combi lease and yes it was only 24 months, but his $327 monthly is much more manageable than the $433 I was quoted, with less money down. I do understand that the terms were different, but its still not seeming right to me.
Why was I quoted money factor .00204 and you quoted .00164 from Saab financial Services?
I am not a strong negotiator but I have a strong personality :confuse: . I really like this car, want to put my family in it but need the lease scenario to work for me, not the other way around. All advice is honored and valued ! Best, Steve
Here is some additional information as it relates to
the down payment ($2,480):
*1st month payment - $326.24
*Acq fee - $695
*Cash down - $1,030
*Doc fee - $198
*Title prep - $5
*Tags/registration - $226
What do you think of this transaction? I have it priced as a 24 month lease, but could just as easily go with a 36. Any advantages/disadvantages?
Is this a good deal for a 2006 Saab 9-3 Combi?
Is there room for improvement?
MSRP - $33,415
Selling Price - $30,332
Money Factor - .00184
Acq Fee - $695
Term - 24 months
Cash Down - 1,030
Rebate - $500
Miles - 12,000
Total Down - $2,500
Payment - $329.78 (6% sales tax)
this is my first post, so be kind to a fellow newbie. From trolling both this and the 9-5 lease forums, I see people posting specific money factors and residuals.
How did you people discover the base money factor of .00164(Nov) and 12k mi/24 mo residual of %72(past Oct)? Can I simply call Saab Financial (anyone have their number) and ask? I'm serious about leasing an '06 or '05 ($1000 rebate, if there any left) 9-3, and I don't mind doing my homework as the title suggests. Just like you, I want to walk into a dealership feeling good about spending this much money. (near-recent college grad, need nice car to offset reality of the working world, blah blah...)
Hopefully, this will also be my first new car and first leased car ... at a fair price, of course.
I appreciate anything I can learn from all of you.
Rob
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The main thing that I would change about this deal if I was leasing this car is the down payment. I always advise consumers against making any sort of down payment when leasing. I do so for two main reasons. The first is if your vehicle is totaled in an accident or stolen during your lease, your insurance company pays off the bank that you were leasing it through and your down payment essentially disappears. The second main reason is that down payments on leased vehicles do nothing to reduce their lease-end purchase prices. So your lease-end purchase option price for your SportCombi would be exactly the same, regardless of whether you had put $1,000 down, or had made absolutely no down payment at all.
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