Re: One option is to extend the lease... - Saab 9-3SS Bulletin Board - Saabnet.com
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Re: One option is to extend the lease...
Posted by Don Kostival [Email] (more from Don Kostival) on Thu, 20 Dec 2007 05:38:21
In Reply to: One option is to extend the lease..., thegens, Tue, 18 Dec 2007 18:59:34
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I am in the third month of a lease extension on my '03 9-3 Arc 6 speed which has just under 17,000 miles on it. I am reviewing the '08 models and deals as I continue driving my car at the normal monthly lease price. Yes, you can do this up to six months and it does not change the residual value / buy out price of the car since that is stated up front in the original lease contract. If I decide to buy out my present car, then I'll wish that these lease payments would have been paying down the buy out loan. That is the trade off for getting to keep your own car while taking your time to shop around. Also, the lease payments are probably far less than the amount which would be lost if I would have purchased the car at lease end and then traded it six months later.
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