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real-life story
Posted by PatO (more from PatO) on Wed, 10 Dec 2003 13:24:05
In Reply to: End of Lease buyout- anyone with experience?, jolie, Wed, 10 Dec 2003 07:16:28
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I did the following last spring on my 2000 9-5, with 200 HP upgrade. Original buyout was $19500 from SAAB Leasing. A few months before lease end I went to dealer and said simply “I will buy this car from you as a CPO for $17,800. Can you arrange this with Saab leasing?” It took five minutes to get a “yes” answer. The dealer took care of everything. I got a CPO with 100,000 mile SAAB warranty for the asking price. I do not know the details of the dealer negotiations with SAAB Leasing, but I am certain they made a tidy profit. Essentially, I guess they “bought” the car wholesale from SAAB Leasing and then sold it to me without my having to turn it in etc. Essentially everyone wins with this deal. I get a good car at a reasonable price, the deal makes some money, and SAAB does not have the hassle of dealing with auctioning a lease return.
posted by 128.8.8...
Posts in this Thread:
- End of Lease buyout- anyone with experience?, jolie, Wed, 10 Dec 2003 07:16:28
- Re: End of Lease buyout- anyone with experience?, Steve, Wed, 10 Dec 2003 16:43:52
- real-life story, PatO, Wed, 10 Dec 2003 13:24:05 <-- Viewing This Message
- Your dealer can negotiate for you, jasonlk, Wed, 10 Dec 2003 12:31:01
- Shifting sands of lease buyouts......, Mike Lynch , Wed, 10 Dec 2003 12:30:24
- Re: End of Lease buyout- anyone with experience?, Francis, Wed, 10 Dec 2003 09:49:56
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