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Saab 9-3 Lease Questions
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Car_man
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MSRP $30960
Selling price : $28560
$0 Down
$424/ Month Including taxes for 39 months Lease for 12000 Miles.
Let me know if this is a good deal.
Thanks
http://www.suburbansaab.com/Specials-New.aspx
for the 9-3 2.0T Aero, which is $240 a month with $1999 down and saab loyalty. This is for GMS (employee discount) eligable people only.
My question: Is this a fair price for a lease. I have strong credit and do not want to put any money down, I was going to roll the $1999 and $1000 (loyalty) into the payment. So I figured the payment would be about $355 plus tax, is this correct?
Do anyone know how much money will be added each month by going from a 10k to 12k and from a 12k to 15k lease over 27 months?
Note: I spoke with the dealer. The $1999 down includes destination and first payment. So rolling hte $1999 plus the $1000 owner loyalty would be a "sign and drive" minus up-front costs (plate, title, etc).
I was also quoted miles at .20 a mile upfront. So 12K a year is 4000 miles over 27 months, or $800.
Thank you!
Does anyone have the ability to provide me with a GMS code?
Thanks for the help.
Sorry!
Kevin
Aero 9-3 with Auto and Cold Weather Package:
MSRP $34,520
27 month 12,000/miles year lease for $369 a month (including tax, 6% in Michigan). Total due at signing is first month payment, $124.50 in taxes (on $2,000 rebate), title $23 and doc fee of $75. So $591.50 due.
Second option:
27 month 15,000/miles year lease for $381 a month (including tax, 6% in Michigan). Total due at signing is first month payment, $124.50 in taxes (on $2,000 rebate), title $23 and doc fee of $75. So $603.50 due.
Because I had another GM lease, I will not have to pay a security deposit.
The residuals were .67 on the 12k lease and .66 on the 15K lease with a 3.94 rate and $2000 back on Aero, plus the GMS (Employee pricing) discount. I think this is a great price for an almost $35K sedan.
Is there anything else that I am missing or should try to negotiate? I will be picking this vehicle up on Monday.
If you have any doubts at all about how much mileage you need, grab the 15K allowance.. For $12/mo. it is cheap insurance against being over mileage..
Good luck,
kyfdx
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Any one defers that..
You only pay sales tax on your use.
So if your payment is $400 plus tax, you will pay $400 + 8% of that, which is $32 for a total payment of $432.
In Michigan, with 6% sales tax you would take the same $400 base payment and add the tax, which would be $24 for a total payment of $424, only saving you $8 dollars or 2% a month.
You do not pay tax on the entire purchase price of the vehcile, only what you use. So if you have a purchase price of $30,000 and lease it with a .67 res, then you are "using" approximately 33% of the car, or about $10,000. So with your tax rate of 8% you will pay about $800 over the term of the lease, where as I would only pay 6% or $600.
If you buy the car out of state, ie come to Michigan, you will not pay tax here, instead you will have to pay the taxes in your own state, at YOUR STATES RATE of 8%.
For my motorcycle, I went to Ohio to purchase it, I did not pay tax there on, but when I came back to Michigan to register it, I had to pay the sales tax here. The only way to get around the tax would be to have an address in a state with lower tax and have your bills sent there. But you ever get an accident or have any problems, they might find out and cuase you some problems. So the $8 a month more on a $400 month payment are not worth the effort or chance that something could go wrong with paying the "out of state tax game". Not to mention the gas/time you will burn to drive to Michigan to get the car!
Good luck
Here is the deal
MSRP = $32500 (Auto, Premium, Sunroof, Cold weather packages)
Selling price = $27100 ( Including the GM Employee discount and Dealer cash back of 2500)
Residual = 59%
12k per year
Including tax $425 per month
In Illinois the law is to pay taxes on the Selling price for all leases. I think this is the law for IL and TX.
Can any one confirm that I got the a decent deal ?
How does this look?
It does include the prem. package
First time in my life trying to lease a car.
Dealer quoted me a price for a demo car as follows.
Saab 9-3 2.0T
Miles: 7500
MSRP: $26800
Rebate: $2500
Price = $24300
12000 miles/Yr and 27 months term.
Asking for $390 per month with $1800 (TTL + fees) as a down payment.
It sounds too much to me especially it has 7500 miles on it.
He used 5.34% GM rate and about 66% residual.
They seem desparate is getting rid of thie car.
What should be my good offer ( I want to put $0 down but he said in order to preserve interest rate I need to put down $800 atleast, I want 15000 miles/yr).
Any help here will be appreciated greatly.
Thank you.
:-)
How long did you lease for? You did not trade any cars or put any money down correct? What is the $ amount for you residual? How was your experience there, are they upfront right away?
give the gsm to everyone and will they give me the 2500 off sticker? Do you recommend them?
I need an urgent help here. Please reply soon, I will really appreciate it.
Lease: 2006 Saab 9-3 Auto with sunroof.
MSRP: $28250
Price: $24750
TTL: ~$2000
Total capitalized cost: $26750
Term: 27 months
Interest rate: 5.9%
Residual value: $18085.40
Down payment: $0
Payment: $435/month including 8.25% tax.
Can I do better?
Please advise.
I read above by Car_man that the rate used by GMAC for 9-3 is 3.94%. My dealer is using 5.9%.
Thanks.
IR s/b 3.94
residual s/b .71 which is 20,057
thte total cap cost s/b about 28250 less 1700 plus 2000
which is about 28550, then plug in the numbers above
which will get you a payment of about $395
the 28250 less 1700 is invoice and what the cars are leasing
at now or less. You should pay no more than 390 with nothing down, no money out the door.
Thanks for the reply.
I also got about 390 number when I plugged in 3.9% APR and residual value at 69% not 71% though.
Dealer seems desperate but I feel bad pushing it more.
This is the first time I am leasing a car so just wanted to make sure that I get a good deal on 2006 model Saab.
Thanks.
Car_man
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Prices Paid Forum
One of the most important things to remember when leasing is that the selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. The only difference between negotiating the capitalized cost for a lease and the selling price for a vehicle that you intend to pay cash for may be in the incentives that are available on each type of transaction. The $2,500 dealer cash that you mentioned in your post is not available in conjunction with leases through Saab Financial Services Corp.
It appears as though you are not being given any sort of discount on the car that you are interested in. If this is the case, this is a TERRIBLE deal. You should be able to lease a Saab at pretty close if not right at dealer invoice without too much trouble if you are in an area that has a decent level of competition. And I am talking about a brand new Saab, not one that already has 7,500 miles on it. I personally would not lease a demo car with that many miles unless I could get it for substantially below dealer invoice.
Car_man
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Car_man
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Car_man
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Thanks!
I'm looking at a 2 year lease and think the dealer can do much better. Was curious if anyone had any input??
- Location: Chicago
- Car: 2007 Saab 9-3 2.0T
- MSRP+Options: 31,391.00
- Residual Value: 21,031.97
- Depreciation: 8,078.03
- 15K miles a year is what I asked for but looking at the paperwork they based the deal on 12K...kind of slimy.
The dealer first quoted me 612.00 a month which I openly laughed at. Now they are quoting me 426.90 per month. Is this a good deal? I think a fair deal is 390.00 a month but I'm cheap so I have a slanted view on things I guess.
Car_man
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Car_man
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Car_man
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Pnypnchr I would run to another Saab dealer, your first dealer lost all credibility at $612 a month, even with the brutal sales and lease taxes in the city of Chicago. There are plenty of Saab dealers in the area.
Also looking at a 9-3 2.0T with moonroof and auto for $339 per month and $1500 drive off --lets say that includes $100-200 of cap reduction. Whaddya think of those numbers?
PS I do not have any special GM employee discount. Is there any dealer cash still floating around?
Dan
There is no dealer cash out there to my knowledge on the 07s, which is what I assume you are talking about. I believe there is cash on 06s for purchase only-no longer being leased is what I was told. For comparison, the dealer I went with quoted 3.8% rate (APR equivalent of the money factor) with 68% Residual Value for 27 months (this quote was valid through end of Nov but I doubt things have changed much). The first dealer I contacted would only go 4.3% on the rate. I was shopping for a 9-3 Aero SportCombi so that might make a small difference vs. a sedan.
Thanks for your help.
You just tell them the employee pricing up front. You don't need your GM employee purchase number until you seal the deal. The discount gets you a little over 3K off of the base car plus around 20-25% off any options. Last I checked you were also eligible for another 1000 off as an incentive exclusive to GM employee discount eligible people, but I am not sure if that was continued into December. (I just bought a Saab in November with the discount and got the 1000).
Keep in mind that if you live in the city of Chicago, they impose an additional lease tax of something like 6% of your payments. Also keep in mind that under the insane Illinois laws you pay tax on the full purchase price of the car, even though you are only leasing it. (unlike some more fair states such as Michigan where you only pay taxes on the difference between the sale price and the residual value, which only makes sense).
2007 Saab 9-3 Aero
Metallic Paint
Automatic Transmission
Sunroof
Front Heated Seats
Touring Package
MSRP - 36865
Invoice 34902
The 9-3 2.0T
Automatic Transmission
Sunroof
Cold Package
Premium Package16
MSRP - 32560
Invoice - 30756
27 month lease
12000 miles per year
$2900 Down Payment
*TAXES ARE ROLLED INTO PAYMENT*
1.) 2.0T - 329/month
2.) Aero - 479/month
On a side note, it really is not in your best interest to make a $1,500 capitalized cost reduction on this car. Consumers can and should lease any vehicle that they are interested in without making any sort of cap cost reduction. the main reason that I say this is that if your leased vehicle is totaled in an accident or stolen and never recovered, any cap cost reduction that you made on it essentially disappears.
It would be easier for me to give you my opinion of the second deal that you mentioned if you would provide me with its MSRP and selling price.
Car_man
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You never mentioned the selling price or MSRP of the 9-3s 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 these cars' selling prices are in relation to their MSRPs you don't know how much of a discount you are getting on them. 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 these deals if you let me know what these numbers are.
Car_man
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