Benny's Decision - Saab 9-5 Bulletin Board - Saabnet.com
The banner above is an advertisment - if it asks you to download software, please ignore.
Site News -
7/1: Members: Log In to See Fewer Ads! |
5/28: SAAB Evolutions/TSN T-Shirts $14
[General |
Members |
C900 |
9000 |
NG900 & OG93 |
93 |
95 |
NG95 |
99 |
Sonett |
Vintage Models |
Clubs |
Other Cars |
FAQs |
Gifts |
Member Photo Galleries |
Member Directory |
Classifieds |
Manuals |
*Buddy Registry |
*Mileage Registry |
Polls |
What's New |
Raffle |
Photo of the Month |
Sponsors]
[Main 95 Bulletin Board | BBFAQ |
Prev by Date | Next by Date | Post Followup ]
Member Login / Signup - Members see fewer ads. - Latest Member Gallery Photos
Benny's Decision
Posted by Benny (more from Benny) on Fri, 31 May 2002 23:58:11
Members do not see ads below this line. - Help Keep This Site Online - Signup
Okay I know you all have been waiting anxiously for my decision (sarcasm).
Here it is:
I am LEASING a Linear 9-5 with Auto Transmission, Premium package, Nonmetallic paint.
Drive off Costs: $1,188 (bank fee, registration, first month - no down payment). Monthly $407 + tax = $444.
10K miles/year with residual cost of $16,882(45% of MSRP)
I think its a good deal because compared to the $359/month deal offered on the base linear, this includes auto (55% of 1k) and premium package (55% of 1.4K) without a down payment. In other words, the premium/auto should cost me an extra $37 per month (.55x2400/36) and down payment $55.50 per month ($2000/36). Subtract 1% of MSRP for 10K miles/yr (residual is 45% vs 44% for 12K miles/yr). This is approx $10 /month. Therefore monthly cost before tax should be $441.50. So $407 seems pretty good.
I was offered the car new for $30.7K. Therefore, after 3 years, if I buy the car, it will only cost me about $1400 extra($14650 in monthly payments + $16882 residual + $500 bank fee=32.1K). So essentially, I'm borrowing $14.6k and paying back 16K over 3 years. And I get to keep $30K in my pocket, gaining interest.
Any one see any flaws in my calculations? (if your still reading this post at this point!)
At first I thought $407 sounded a little high, but considering the lack of a down payment, it seems like a really good deal.
Anyone out there getting a much better deal than this?
posted by 66.65.80...
Posts in this Thread:
- Benny's Decision, Benny, Fri, 31 May 2002 23:58:11 <-- Viewing This Message
- Re: Benny's Decision, AeroLady, Sat, 1 Jun 2002 11:35:38
- You did the right thing, keeton, Sat, 1 Jun 2002 09:15:45
- The Present Value, Hammer, Sat, 1 Jun 2002 08:51:57
- Re: Benny's Decision, ScottS, Sat, 1 Jun 2002 07:07:41
Members do not see ads below this line. - Help Keep This Site Online - Signup
Post a Followup
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.
StateOfNine.com
![](/tsn/xyz/stateofninebutton.gif) |
SaabClub.com
![](/tsn/xyz/scnabutton.gif) |
Jak Stoll Performance
![](/tsn/xyz/jakstollbutton.gif) |
M Car Covers
![](/tsn/xyz/mcarcoversbutton.gif) |
Ad Available
![](/tsn/xyz/buttonavailable.gif) |
![](/tsn/images/tsnmap.gif)
Random Saabnet.com Member Gallery Photos (Click Image)
This is a moderated bulletin board - Posting is a privilege, not a right.
Unsolicited commercial postings are not allowed (no spam). Please, no For Sale or Wanted postings, SERIOUSLY.
Classifieds are to be listed in The Saab Network Classifieds pages.
This is a problem solving forum for over 250,000 Saab owners, so expect to see
problems discussed here even though our cars are generally very reliable. This is not an anything goes
type of forum. Saabnet.com has been a moderated forum since 1988. For usage guidelines, see the
Saabnet.com Mission and Purpose Page. Please remember that you are
not anonymous. Site Contact | Site Donations | Other Sites by SP -
Poverty2Prosperity.org | Run Club Menlo Park | ScreenBot
Site Members do not see red text instructions, bottom of the page anchor ads, or box ads.
Click here to see all
the Site Membership Benefits!