Re: Residual "insurance" - 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
Re: Residual "insurance"
Posted by Rafe [Email] (more from Rafe) on Mon, 16 Aug 2004 13:50:50
In Reply to: Residual insurance, Geoff, Mon, 16 Aug 2004 07:51:47
Members do not see ads below this line. - Help Keep This Site Online - Signup
Residual "insurance", that's what SFSC told me, and the guy did call it "insurance," which is funny name for this kind of hedge. After all, the risk that the car will be worth less than the lease residual is not uncertain, it is 100%! I guess bankers will do ANY kind of wacky derivative, and understate the contingent liability, to book earnings in the current quarter. But I digress. The SFSC guy told me that SFSC is precluded from selling below residual, which would be "insurance fraud." Then later I found out they would cut a deal for a dealer. Talk about "fraud..." Fortunately they have attractive prices on the leftover 04's so it became a moot question.
posted by 67.100.216...
Posts in this Thread:
- end of lease negotiation?, RC, Mon, 16 Aug 2004 07:44:12
- Re: end of lease negotiation?, George, Mon, 16 Aug 2004 14:43:41
- Case by case....., Mike Lynch
, Mon, 16 Aug 2004 13:29:27 - Re: end of lease negotiation?, jasonlk, Mon, 16 Aug 2004 13:09:17
- Residual insurance, Geoff, Mon, 16 Aug 2004 07:51:47
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!