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Long deal is..... Posted by Mike Lynch [Email] (#81) [Profile/Gallery] (more from Mike Lynch) on Thu, 4 Dec 2003 12:06:16 In Reply to: is $3000 back about as good as the incentives will get?, Matt, Wed, 3 Dec 2003 07:25:30 Members do not see ads below this line. - Help Keep This Site Online - Signup |
I would imagine so. $3k seems pretty aggressive for November. The first announcement for November did not include the 9-3 Linears in the $3k, but that was subsequently revised.
Since then, around Nov 17th, Saab announced a better overall deal, "0-0-0".
Used to be it was either the $3k or 3.9% for 60 months, a no brainer, take the $3k. Now you can get $3k or 0% for 63 months. I say 63 because there's no payments for 90 days too so that makes a 60 month contract actually 63 months. A typical 60 month finance charge at 5.9%ish is about a $4,500 finance charge, so you'll get a lower monthly payment with 0-0-0.
$27k at 5.9% x 60 months = $517ish vs $30k at 0% x 60 months = $500
If there is any potential for trading or paying off your car loan early with today's low mortgage rates or perhaps using second mortgage money which is tax deductible to finance your car than the pedulum swings towards taking the incentive instead of the 0.
Do take up JeffO's offer for a supplier discount. I believe the program is called "Friends and Family".
I think the only reason we're seeing the massive incentives this early in the year is because Saab wants to try and break the 50,000 sales barrier and set an all time sales record.
posted by 207.158.49...
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