Date: Thu, 11 Feb 1999 20:12:06 -0800
From: RED <davharnopsamnet.net>
Subject: Re: SAAB 9-5 or Charysler 300M ?


Sorry,maybe I wasn't clear. I meant that if the residual is high, you couldn't get out of the lease EARLY without paying a lot of money. At the end, all you have to pay is the acquisition fee. fenechnopsam.com wrote: > > We leased a '99 9-5 a few weeks ago! Absolutely love the car..... > We can get out of the car for $250.00 after 39 mos. That's not > "not getting out of the lease without paying a lot of money". > > In <36C33097.7B5nopsamnet.net>, RED <davharnopsamnet.net> writes: > > >Another thing. SAAB's cuurent lease deal assumes a 62% of MSRP residual. > >I don't think banks are bound to use "real" residuals, so they can jack > >around residual values and/or interest rates to make a lease attractive. > >I know that the current lease deal on the 9-3 assumes a much lower > >residual but has also has a much lower interest rate. > >I got an even better deal than the $399/mo SAAB promotion by negotiating > >the price of the car down. Lease would have been about 379/mo including > >tax but I also put in more cash up front. > >Somehow, I doubt that the car will be worth anywhere near 62% after 39 > >months or 39,000 miles. So this sort of gives the bank an advantage > >because you can never get out of the lease without paying a lot of > >money. In other words, the car will never be worth the cost of the lease > >buyout. > > > >Bob > >

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