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Date: 18 Dec 1998 11:57:32 GMT
From: "Cigan-Dorman" <Cigan-dormannopsamdnet.att.net>
Subject: Leasing a Saab


I'm leasing a Saab that runs out soon. I asked Chase Manhattan about extending the lease 12 months. They said, they would/could extend it a few months if I were to lease a new Saab, or extend it 3 months without leasing a new one, or I could "re-lease" it. But why should I pay the fee again? Buying is not an option for me. I understand their reasoning, but I don't accept it. How can I extend the lease without re-leasing? 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. If I can't have what I want, I'll sure as heck won't lease/own a Saab again. Volvo here I come! Any insight, comments or names of friends in high places would be appreciated. Merry Christmas to all ...

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