Re: More lease return...re: residual ins Great posts - Saab 9-5 Bulletin Board - Saabnet.com
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Re: More lease return...re: residual ins Great posts
Posted by JHKC (more from JHKC) on Fri, 11 Apr 2003 11:06:11
In Reply to: More lease return data...re: residual insurance, JHKC, Thu, 10 Apr 2003 23:50:02
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It seems clear the insurer never takes possession, so it would be kind of impossible to leverage the margin between 21,000 and auction price. Would have to go back to the make me want to buy a new one scenario.
I gotta beleive that the insurer charged a premium of some weight and probably expects to get clobbered...or some one got fired big time. I would suspect that today's used car glut would not be a surprise to the insurer. Heck, the paperholder might have syndicated the entire risk and is just doing the transaction.
So SFSC has an asset, and its insured, so they are understanably being pretty blunt
posted by 208.189.162...
Posts in this Thread:
- More lease return data...re: residual insurance, JHKC, Thu, 10 Apr 2003 23:50:02
- Why not find a wholesaler and have him, Allan, Sat, 12 Apr 2003 08:49:02
- Re: More lease return...re: residual ins Great posts, JHKC, Fri, 11 Apr 2003 11:06:11 <-- Viewing This Message
- Re: More lease return data...re: residual insurance, pursang, Fri, 11 Apr 2003 10:00:03
- Re: More lease return data...Upside???, MGS, Fri, 11 Apr 2003 07:48:52
- Re: More lease return data...re: residual insurance, MJP, Fri, 11 Apr 2003 00:37:36
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