I was checking out auto loan rates on PeopleFirst.com (linked from Edmunds) and it looks like they'll give you 8.49% APR for 72 months with no down payment and no additional fees. (BTW, sounds like a really easy process to apply; all internet-based, response w/in 15 min, and they just send you a blank check.) Anyway, finance $20,000 (making a $1000 downpayment on a 9-3 at Edmund's TMV) and your payments work out to just under $360. Over the next 3 years, you will have paid a total of $13800, including your $1000 down payment. At that point (assuming that the car will be worth about what a '97 900 SE is now), you'd have a car
worth $12800 dealer trade-in according to Edmunds. Residual on the loan would total about $11800. Right then, you could walk away with $1000; probably more if you sold the car yourself.

With the Saab 36 month lease, you're going to shell out at least $14300 according to Saab's lease deal information on their website. With the lease you've still spent more and got nothing out of it (except paying $15/month less). Say you had the loan and sold the car for $12800, your total out of pocket would have been $12800, a savings of $1500 over the lease. Of course, by leasing you're not taking any risk as far as depreciation goes. If somehow Saab's resale value went a few thousand lower in the next couple of years, then you wouldn't be responsible for the increased depreciation. Considering the upcoming release of the NG9-3, I wouldn't be too surprised if 9-3 resale values dropped a bit more.

Personally, I couldn't justify spending $5000 every year just to have the privelage of driving a new Saab. I'm sticking with this one for the long haul. (I also bought used, so I have the best of both worlds.)

• SAAB USA offers huge rebate and drives the value of our cars down, Steven In Kansas, Sun, 18 Feb 2001 18:23:34
  • This is not JUST SAAB DOING THIS, TG, Mon, 19 Feb 2001 14:18:02
    • Re: This is not JUST SAAB DOING THIS, Steve, Wed, 21 Feb 2001 06:45:39
  • This is why I will never purchase another vehicle ..., gatorcpa, Mon, 19 Feb 2001 11:57:06
    • I don't fully understand the logic..., LDH, Mon, 19 Feb 2001 23:31:44
      • Re: I don't fully understand the logic..., gatorcpa, Wed, 21 Feb 2001 13:14:05
      • Yeah, but you get a new car..., Richard P., Tue, 20 Feb 2001 09:49:39
        • But..., LDH, Tue, 20 Feb 2001 13:09:29 <-- Viewing This Message
          • Possible fatal flaw in logic..., Richard P., Tue, 20 Feb 2001 17:51:38
            • See your point..., LDH, Wed, 21 Feb 2001 15:03:14
          • interesting analysis, thanks n/m, MJM , Tue, 20 Feb 2001 14:12:46
    • Re: This is why I will never purchase another vehicle ..., JohnN, Mon, 19 Feb 2001 21:34:41
  • Re: SAAB USA offers huge rebate and drives the value of our cars down, Dean, Mon, 19 Feb 2001 09:47:32
    • Re: SAAB USA offers huge rebate and drives the value of our cars down, Steve in Kansas, Mon, 19 Feb 2001 13:29:07
  • What are you, crazy?, Richard P., Mon, 19 Feb 2001 08:00:21
    • Re: What are you, crazy?, Steven Grimsley, Mon, 19 Feb 2001 09:31:58
      • Good Point n/m, Richard P., Mon, 19 Feb 2001 13:12:07
  • Re: SAAB USA offers huge rebate and drives the value of our cars down, jd, Sun, 18 Feb 2001 18:54:00
    • viggen re-sale value, claude, Sun, 18 Feb 2001 21:44:50
      • Re: viggen re-sale value, Rob , Mon, 19 Feb 2001 07:21:39

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