SAAB Financial has got to be taking a hit... - Saab General Bulletin Board - Saabnet.com
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SAAB Financial has got to be taking a hit...
Posted by Richard P. (more from Richard P.) on Wed, 28 May 2003 04:31:44
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I just got my final lease statement and it said that my car sold at auction for $11K even and my car had 2 very minor scratches and had only 37K miles. The contracted residual from my lease was ~$15.4K (I don't remember the exact amount). So SAAB Fin. lost about $4.4K unless they had some type of insurance. I leased my car in June of '99, so I guess their estimate was a little optimistic. That can't be good if it is happening on most leases. Plus, the statement was really confusing. I had to call a customer service rep to make sure I didn't owe anything and that I was getting my security deposit refund.
RP
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