 |
|
|
2003-2011 [Subscribe to Daily Digest] |
 | [Main 93 Bulletin Board | BBFAQ |
Prev by Date | Next by Date | Post Followup ]
Member Login / Signup - Members see fewer ads. - Latest Member Gallery Photos
Lease terms....Today?.....Going up tomorrow?..... Posted by Mike Lynch [Email]  (#81) [Profile/Gallery]
(more from Mike Lynch) on Mon, 1 Aug 2005 11:00:40
In Reply to: Saab 9-3 lease, Jim K., Sun, 31 Jul 2005 19:16:27 Members do not see ads below this line. - Help Keep This Site Online - Signup |
You've expressed some of the elements of the Saab advertised lease, but not enough of the detail. "Down" is an ambiguous term in leasing, "out of pocket" or "total drive offs" is a better term as in your followup.
Term is important as are miles. Sometimes you have to sift through different terms 24, 36 and 48 to find the "best" deal or you may have a term requirement yourself.
Geography is important. Some states don't even allow leasing or charge tax up front anyway instead of on the payment. Sales tax and license varies.
So Saab advertises an MSRP $27,750 (heated seats $500 and metallic paint $525 make $28,595) for 24 months with 12,000 miles per yer and "$2,999 due at signing" which excludes local tax and license. In SoCal $2,999 = $3,650 after tax, doc, tire fee, license and sales tax. All for a payment of $229 + tax. And the residual buyout is $15,715 or 57% of the MSRP.
So you wanna' $1k more car, but you're leasing, that means you're only renting the extra $1k, so you're renting about 1/2 ish of it for 24mos or $500/24=$21-25ish.
Local dealers are under no obligation to sell cars at the discounted nationally advertised terms, but it doesn't suck for the dealer to do it either.
Saab is pretty liberal on qualifying for the special leases, actually better than that. I've seen 'em dig down into the 500 FICO range to make deals. They are looking for first and foremost at previous automobile credit history and not necessarily a particular credit score, though many other things will seal the deal with out a comparable auto loan, including just being a recent college grad.
The ad lease is at a pretty historic low $229, 24mo-12k, $2,999 and for a short term of only 24 mos. Terms adjust for cash in/cash out by the term divided by the cash, so $1,000/24(mos)=$42ish and $1,000/36=$28ish which is why a 24 month lease has a lower payment when you put $3kish up front. For lower amounts of down payments or drive offs, 36 months will yield a lower payment and maybe even 48 lower still.
Gonna' do it today? I don't expect Saab to stay with the $229 terms, not enough inventory, but nobody knows until tomorrow. I bet it goes up.
, Mon, 1 Aug 2005 11:00:40 <-- Viewing This Message, Tue, 2 Aug 2005 16:41:28
No Site Registration is Required to Post - Site Membership is optional (Member Features List), but helps to keep the site online
for all Saabers. If the site helps you, please consider helping the site by becoming a member.
 |
 |
 |
 |
 |
