Re: SAAB Financial --may have residual insurance - Saab General Bulletin Board - Saabnet.com
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Re: SAAB Financial --may have residual insurance
Posted by paul de k [Email] (more from paul de k) on Wed, 28 May 2003 05:03:56
In Reply to: SAAB Financial has got to be taking a hit..., Richard P., Wed, 28 May 2003 04:31:44
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A while back I spoke with a representative from Saab Financial re the expiration of the baloon loan on our 2000 9-5. He indicated that they had residual insurance which would protect them for any loss on the residual that exceeded $1,000. So depending upon whether or not they do this on every car that they lease/finance, they may not lose the full difference between the residual amount and the auction price on a given vehicle.
posted by 151.198.4...
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