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Rates and Residuals
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Posted by thegens (more from thegens) on Thu, 25 Oct 2007 01:42:59 Share Post by Email
In Reply to: Re: Was it for a convertible?, mangums, Tue, 23 Oct 2007 14:50:15
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I leased an '08 20.T convertible last week (I love it!) When I negotiated with the dealer, I was shown a table with varying lease rates for the different models. There were two columns on the table -- the base rate, and the marked-up rate. (The dealer made the point that I was getting the base rate.)

I posted a question about rates on one of the Edmund's forums. I asked about the rates and residuals for the 2008 2.0T vehicles in the sedan, combi and convertible models, and for both a short term (24-27 month) lease and a longer (36-month) lease, with 12,000 miles/year. The host of the forum posted the following information in reply to my question:

For the 2.0T Sedan: 3.35% interest, 69% residual for a 24-month lease, 57% residual for a 36-month lease.

For the 2.0T Combi: 4.5% interest, 70% residual for a 24-month lease, 58% residual for a 36-month lease.

For the 2.0T Convertible: 6.7% interest, 74% residual for a 24-month lease, 64% residual for a 36-month lease.

The information he posted seems accurate, except I'm not sure that Saab has 24-month leases. Perhaps me meant 27-months.

I got a 27-month lease on my '08 2.0T convertible with 10,000 miles per year (not the 12,000 miles quoted above) at 6.7% interest and 75% residual. The 1% additional residual value above what he quoted (above) seems about right for 2,000 less miles per year.



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