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]

95 Bulletin Board
1999-2009 [Subscribe to Daily Digest]
(Search Author's Posts: e.g. Keyword:username)*Members Only

[Main 95 Bulletin Board | BBFAQ | Prev by Date | Next by Date | Post Followup ] Member Login / Signup - Members see fewer ads. - Latest Member Gallery Photos
Best *overall* deal....
Like This Post: - Subscribe to Daily Digest for this Bulletin Board
Posted by Mike Lynch [Email] (#81) [Profile/Gallery] (more from Mike Lynch) on Sat, 18 Oct 2003 15:24:46 Share Post by Email
In Reply to: Buy vs Lease, Chris in Iraq, Sat, 18 Oct 2003 08:44:19
Alert me when someone posts in this thread:
Members do not see ads below this line. - Help Keep This Site Online - Signup

Like right now on a 2003 Aero. It's a $5k incentive *OR* 0% financing, but with the lease it's a $4k incentive *AND* a .7% (7 tenths of one percent) lease rate for 36 months.

Leases have less well know advantages than lower payments.
Gap protection is included which means you'll never have a negative balance to pay if the car is totalled or stolen. Depreciation insurance which means the residual value is guaranteed without regard to market fluctuations as hit Ford Explorers for example. Sales tax advantages which means you pay sales tax only on the payments, not on the entire amount. If you own or finance a car and it's hit and fixed it will have a diminished value. If it's leased you can just turn it it for the agreed residual value without regard to a lessening of the value owing to previous bodywork or airbag deployment.

I always like to point out that whether you buy or lease you'll still spend about the same overall amount to own/lease the car for the same period of time. Buy and trade in on the short term or lease and turn in. Or buy and keep forever vs. leasing and buying at the end of the lease. It will all cost roughly the same for the same period of time. Lease payments will be lower, but if you decide to keep the car you'll wind up paying longer.

Overall though the $1k less incentive for the lease ($4k for the lease vs $5k for purchase) is more than made up for by the super low rate. That comes with the lease.

As a Saab sales person. it's nice to have lease folks who have to look at a new car at the end of the lease or consider buying out their lease instead of just making the last payment. That is at the end of the lease you have to do something, at the end of a purchase contract you don't.

Bless the folks who get a new car every 3-4 years on a lease. If that's not your style you can still take advantage of the low payments and better overall deal and lease with the intention of buyingat the end. If you lease you'll have the option to purchase *OR NOT*. Who knows things might change for you or the world might change. If you purchase it will just be what it is and you won't have the choice.

posted by 207.158.49...
Posts in this Thread:
Alert me when someone posts in this thread:
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.

Name: Member Login / Signup - Members see fewer ads. - Latest Member Gallery Photos
E-Mail: (Optional)
Re-Enter E-Mail: (Confidential & Secure - Not revealed to other users!)
Note: Please check your spam folder for BB responses.

Subject:

Posting rules are simple - No for sale/wanted ads may be posted here - use the site classifieds.
You may not cross-post your message to multiple BBs.
Not permitted: political/religious topics and being disrespectful (personal attacks, insults, etc...).
 Site Members do not see any red text, inline ad links, bottom of page anchor ads, box ads, or anti-spam check.

Message: (please no for sale/wanted classifieds - post those in the Saabnet.com Classifieds)
Links are now automatically made active, no need for any special code (or use the Option Link field below) - don't put links in () or end with a '.'
To add inline images to your post, use [img]http://www.domain.com/img.jpg[endimg] (or use the Optional Image Link field below).

Links are now automatically made active, no need for any special code (or use the Option Link field below) - don't put links in () or end with a '.'
To add inline images to your post above, use [img]http://www.domain.com/img.jpg[endimg] (or use the Optional Image Link field below).
Optional Link: (e.g. http://www.saabnet.com/)
Link Title: (Optional)
Optional Photo/Image Link: (e.g. http://www.saabnet.com/img.jpg)
Photo/Image to Upload: (Please be patient while file uploads)



StateOfNine.com
SaabClub.com
Jak Stoll Performance
M Car Covers
Ad Available

The content on this site may not be republished without permission. Copyright © 1988-2024 - The Saab Network - saabnet.com.
For usage guidelines, see the Mission & Privacy Notice.
[Contact | Site Map | Saabnet.com on Facebook | Saabnet.com on Twitter | Shop Amazon via TSN | Site Donations]

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!