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Date: 18 Dec 1998 06:42:55 PST
From: Daniel Meltzer <Dmeltzernopsamng.cris.com>
Subject: Re: Leasing a Saab



Cigan-Dorman <Cigan-dormannopsamdnet.att.net> wrote:
: The other things is, once the lease runs out and I return the car, they'll
: put it up for auction.
: And the kicker is, they'll more than likely sell it below book value.
: Which is the statement from the leasing analyst I spoke with.

What most likely occurs is Chase-Manhattan will send the car, along with
all their other lease turn ins, to a dealer-only auto auction.  So the car
will go for wholesale value not retail.
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