Re: Mike Lynch - GM 5 Year no interest lease - Saab 9-5 Bulletin Board - Saabnet.com
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Re: Mike Lynch - GM 5 Year no interest lease
Posted by Duke (more from Duke) on Tue, 1 Apr 2003 19:13:54
In Reply to: Mike Lynch - GM 5 Year no interest lease, Roberto, Tue, 1 Apr 2003 16:01:55
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The interest rate on a lease is fairly meaningless since the "money factory" on most factory-subsidized leases was pretty close to zero anyway. The real key to lease costs is the residual value, which is usually subsidized to keep payments low. Unfortunately, Saabs have horrible resale value (as do many GM cars) which makes it very expensive for GM to get payments as low as leases on competitive vehicles.
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