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I am totally perplexed by this leasing game and the way I see it here in Canada its a complete joke.
Say you lease the car for CAD40000 for four years at X amount of dollars per month and they say the total lease obligation is CAD22000 leaving a residual value of CAD18000 after four years. My point is there is no way that you can buy a four-year old Saab here in Canada for much less than CAD25000 so it looks like GM is ripping you off to the tune of CAD7000 if you choose to hand the car in after the lease is up. Does that make sense or am I totally missing the boat here?
PS Saab has 0% financing for 5 years here in Canada now.
posted by 202.40.17...
Posts in this Thread:
- Lease question, Paul
, Tue, 13 May 2003 10:58:27 <-- Viewing This Message- the price is correct, dip, Tue, 13 May 2003 13:36:34
- if your residual is lower than the market prices, Trev, Tue, 13 May 2003 13:18:20
- So don't hand it in, sell it....., Mike Lynch
, Tue, 13 May 2003 12:00:30 - Residual is just a semi-educated guess, phred, Tue, 13 May 2003 11:15:50
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