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Saab 9-3 Lease Questions
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Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Car_man
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Car_man
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Can you tell me where I can find more details on the Saab early lease termination? Is this only when you purchase/lease another Saab? Or does it apply to any new GM lease or purchase?
Thanks!
Car_man
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If they vary by model, I am interested in a 9-3 2.0T Convertible or a 9-3 2.0T Wagon (Combi) or a 9-5 2.3T Wagon (Combi). I'd be interested in a short (24- or 27-month) lease or a longer one (up to 36- or 39-months.) If it matters, I'd like 12,000 miles/year (but could possibly live with 10,000 miles/year.)
Also, since Saab seems to be quoting lease rates as interest percentages (i.e. 3.35%) would it be accurate to convert this number into a "money factor" figure for lease calculation by dividing it by 2400?
THANK YOU for any information anyone can provide!
Saab's base lease rate and residual value for a 24 month lease of a 2008 8-3 2.0T Combi with 12,000 miles per year are 4.5% and 70%. The numbers for an otherwise identical 36 month lease are 4.5% and 58%.
Saab's base lease rate and residual value for a 24 month lease of a 2008 8-5 2.3T Combi with 12,000 miles per year are 3.35% and 69%. The numbers for an otherwise identical 36 month lease are 3.35% and 57%.
You are correct, you can convert Saab's published lease rates into approximate money factor equivalents by dividing them by 2400.
Car_man
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Just wondering if the $2,500 marketing support on the 2008 9-3 sportcombi is compatible with the October leasing program. The answer makes a significant difference in the monthly payments...
Thanks.
The car I am looking at is a 9-3 with the following options:
Moonroof Package
Cold Weather package
The price I am being quoted is:
Base - 26,214
Moonroof - 1,068
Cold Weather - 490
Destination - 745
Port - 130
Local Advertising - 300
Total Cost - 28,947+500 = $29,447
He is quoting me a monthly payment of $431.79 using a 4.35% rate and a 56% residual.
Here are the upfront fees:
First month payment - 431.79
Security Deposit - $450
Registration Fee - $167.16
DMV - $5
Documentary Fee - $350
Acquisition Fee - $670
Tax on upfront items - $71.23
Total upfront fees - $2,145.18
What do you think of the deal. Are the advertising and port fees realistic? How about the documentary fee and acquisition fee (that's a $1,000 between them)?
Thanks,
Steve
I can also get GM Supplier pricing and am not sure how that is factored into a lease. Does the GM Supplier price become CAP?
Thanks!
Wondering what the money factor/residuals are on a 9-3 2.0T, 27 months, 15k miles per year...
Also, same question, only 36 month lease.
thanks
In other words, what do ask for with respect to money factor and price? I understand it will be more, but I've read that I don't just walk up and ask for the lease at full MSRP, right?
So what is the money factor on the special offer lease, and can I ask for that rate from my dealer?
The $500 bonus cash can go toward my down payment, making it $2499 instead of $2999, correct?
I've never negotiated a lease before. Will I be able to ask for something like $500 over invoice, $2499 at signing including the $500 bonus, and the same money factor/residual. How much more does the lease end price go up, the full $2200?
Please help, I need to deal this month.
Thanks
Dan
Car_man
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Car_man
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Car_man
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I want the 27mo/27,000 lease, but am not sure of the residual and money factor/interest of the "Fly Home " base offer. Or even if they can give me those terms toward a non-base model.
Sorry for all of the questions, but I can find the numbers, even in their fine print...
Thanks!
You are correct, if you are eligible for GM's Supplier Purchase Program the selling price that the program provides will become the capitalized cost for your lease.
Car_man
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Car_man
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Car_man
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The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. The best way to get a good deal on the Saab that you are interested in leasing is to negotiate as low a selling price as possible on it. If I was in the market for a 9-3 right now, I personally would shoot for a price of right around dealer invoice and then have the dealer subtract the $500 bonus cash that is available on this model from that. You can look up the dealer invoice price of the car that you are interested in by visiting the New Vehicle Pricing section of Edmunds.com.
As far as this car's lease program goes, Saab's current base lease rate and residual value for a 27 month lease of a 2008 Saab 9-3 2.0T with 12,000 miles per year are 4.35% and 69%, respectively. Make sure that the dealer you are working with uses this lease rate to calculate your car's lease payment.
Car_man
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Car_man
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I was originally going to lease a '08 9-3 combi, but have decided to buy. I have the GM "Pull Ahead" offer of $1000, as I have a GMAC lease that's ending. There's the "Fly Home" $500 national offer, and I see there's a $2500 factory-dealer incentive.
Can I get all three, or is there a limit on this?
I'm going today, please help ASAP.
Thanks!
I was hoping I could ask you some questions about a deal that I’m about to make on a new 2008 Saab 9-3 2.0T sedan. Thanks in advance for your help!
Here are the details:
-39 month lease
-10,000 miles per year
-Jet Black Metallic Paint
-Automatic Transmission
-Premium Package
-Moonroof
-Cold Weather Package
Dealer quoted MSRP: 33,730 (verified on Edmunds.com). Residual value of $20,238 (60% of 33,730)
Negotiated Price: $31,674 (includes $500 customer-cash rebate)
Question #1: The Dealer is telling me that he’s giving me this car for $400 less than invoice. I don’t believe this is true, since the Invoice on Edmunds.com is $31,839 w/o the $500 customer-cash rebate, $31,339 with it. Which of these is the true Invoice Price? On the one hand, I don’t believe I’m necessarily getting hosed, but on the other hand, I don’t think I’m getting this great deal either—II believe I’m getting the car for about what it’s worth.
Question #2: When I look at the invoice that the Dealer faxed me, it appears that he’s giving me the invoice price for each option. However, the price of $31,674 also includes a $745 Destination Charge (verified on Edmunds.com), $329.85 Dealer Contribution, and $329.85 Group Contribution. Are these latter two charges excessive? Should I ask to have them removed, hence lowering my Cap Cost?
Question #3: I’m putting $2912 down. This includes the first monthly payment of $388 + 695 Bank Fee,+ $400 Security Deposit + $12.50 NY State tire recycling fee + $1311 NY State Sales Tax (at a rate of 8.375%) + $45 “Dealer’s Optional Fee For Processing Application For Registration And/Or Certificate of Title, And For Securing Special Or Distinctive Plates if Applicable” + $10 NY State Inspection + $50 Fuel. The Dealer indicated that the $400 Security Deposit is refunded at the conclusion of the lease and couldn’t be waived because I’m a new Saab Customer, and that the $695 Bank Fee could not be waived. Do any of these other charges seem excessive or qualify as unnecessary dealer’s fees?
Question #4: I left a $500 deposit, so I’ll be giving the Dealer the $2412 balance on Saturday. He informed me that I needed to give him a Bank or Certified Check. Is this typical?
Question #5: The Dealer indicated that I would have to also pay $140 for new license plates for 2 years. Doesn’t this seem a bit high?
Question #6: I noticed on Edmunds.com that there is $2500 Manufacturer Cash to Dealer Marketing Support. It says that Dealer Participation may vary. I asked the Dealer if there were additional incentives beyond the $500 Customer-Cash, such as marketing support, and he said that there weren’t. Again, is there something he’s not telling me? Should I push back on this?
Question #7: Overall, what do you think of this deal?
Thanks so much!!!
2)the dealer ad group charges are a part of the price of the car ...the dealer does not recoup them."Removing them" is no different than him lowering his selling price by $659.00.
3)The dealer charging you $50.00 for putting fuel in the car is total B.S.! A full tank of fuel at delivery is a Saab dedicated delivery procedure requirement and the dealer is reimbursed @ a market value per /gallon amount.The bank fee is accurate and is charged by G.M.A.C.,and is not waiveable by the dealer.Bank Fees are charged by ALL Saabs competitors.At $695.00 the fee is one of the lowest(check BMW'S and M-B'S lease ads for example).
The rest of the charges are set or capped by N.Y. State and out of the dealers control.
4)How funds are collected is just a matter of policy.Your questions regarding validity of most charges and the legitmacy of the invoice may have him concerned about accepting a personal check for the balance.
5)Another charge set by your state.
6)The $2,500 is for a cash transaction or a conventional finance package in lieu of a promotional interest rate.It's
one from column A,or B,or C.No "combo platters" allowed.
7)Do you only go to see movies after you read the reviews?
MSRP: 33730
Sales Price: 31764
Residual : 60%
Money Factor: .0018125
Effective APR: 4.35%
Term: 39
Residual: 20238
Depreciation: 11526
Monthly Depreciation: 295.54
Monthly Finance Fee: 94.25
Total Monthly Payment: 389.79
Now here is what you need to do to improve this deal
1) Saab's lease acquisition fee is $595. They are marking it up $100 on you. Tell them you know it's $595, and that is what you expect to pay.
2) The security deposit is BS. I believe this buys the interest rate down, but the rate is 4.35 without the deposit, so they are making more money because of this. I would negotiate this out.
3) Like the other poster stated, the gas fee is BS. The $45 dollar dealer fee also sounds like BS. It's called added dealer profit, and I would negotiate it out.
So you should be able to negotiate a down payment of $2316 = $388 + 595 Bank Fee,+$12.50 NY State tire recycling fee + $1311 NY State Sales Tax (at a rate of 8.375%) + $10 NY State Inspection
They probably will balk at this, but if you threaten to walk, or tell them you got a better deal elsewhere, they will likely come around.
Good luck. I just leased one myself. It was a painwith all the games they tried to play. I had to walk out of the finance office twice when signing the papers because they tried to sneak extra fee's in there. So keep on your toes.
p.s. That sucks that NY makes you pay the tax up front. One of the big advantages of leasing for me is you only pay tax on the monthly payment, so your only paying on the depreciation, not the full value of the car.
charges.It's only within the last two years or so that you are again able to lease a car in those states.Liability issues being worked out in the judicial system completely eliminated closed end leasing in those states for a couple of years,you could only do a Balloon note.So forget the idea that it's a dealer mark-up and a negotiable item.
The rate is currently based at 4.35% and you have to have Saab lease loyalty or owner loyalty eligibility for an automatic waiver of security deposit otherwise the rate DOES have to be marked up .50%.
You honestly think this guy should make an issue over a $45.00 fee paperwork processing fee?How long did it take you to work out the paperwork and fees on your home mortgage!!??...Good Grief!
Also in NY I don't think they charge sales tax on the doc fee so that helps too.
Dealer quoted $423 per month for 27 months at 12,000 per year. based on earlier discussion of Residual Value for 27 months at 69% and MF at 4.35%, this lease amount seems high.
Does anyone have recent experience to share. Thanks
This is for a metallic paint 93 sedan 2.0T with sunroof and cold weather package and manual transmission.
MSRP 30 685
With $ 3000 down
$ 0 security deposit
$ 500 lease loyalty rebate
27 month lease 12 000 miles per year
Payment $ 374 per month
Includes Maine state tax
Includes $ 24 title fee
Includes $ 595 bank acquisition fee
Includes $ 278 documentation fee
Metallic paint, 2008 93 sedan 2.0T cold weather package, Moonroof and navigation.
MSRP $ 33 270
Sale price $ 31 921
With $ 3000 down
$ 0 security deposit
$ 500 lease loyalty rebate
36 month lease 12 000 miles per year
Payment $ 407.96 per month
The money due at signing includes your 1st months payment
Includes costs for swapping the vehicle in for a max of $ 250 miles
Includes Maine state tax
Includes $ 24 title fee
Includes $ 595 bank acquisition fee
Includes $ 278 documentation fee
Residual 58 %
Interest rate 5.35%
Residual $ 19,296.60
This is for a 2.0T AT with premium, moonroof and winter packages but w/o navi