Click Banner for Details on this Classified

Date: Tue, 22 Feb 2000 04:34:48 GMT
From: qqq <qqqnopsamcom>
Subject: Re: leasing a saab

I don't mean to jump into this discussion when I wasn't part of it, but I just wanted to correct this leasing explanation. Actually, what happens in a lease is the leasing company decides how much the car will be worth in a given period of time. For example, you lease a 30,000 (the capitalized cost) car for three years, they may decide that after three years the car will be worth 15,000 (the residual value). So, now you're responsible to pay 15,000 for your "rental" of the car, plus interest (money factor in lease terms). So, you're essentially financing 15,000 over three years, instead of say, 30,000 over five years. Hope that makes sense...just didn't want there to be any confusion. -jt -- > From: > Organization: Posted via Supernews, > Newsgroups: > Date: Mon, 21 Feb 2000 13:15:03 -0800 > Subject: Re: leasing a saab > > On Mon, 21 Feb 2000 12:15:56 -0500, "Jeff Crews" <NoSpamnopsamgt; wrote: > >> What kind of deals have you seen? >> > > None. When you lease a car, you are generally borrowing the $$ for > the entire MSRP. Your lease "payments" are usually just paying the > interest on the loan. At the end of the lease term, if you wish to > purchase the vehicle, you will end up paying the pre-determined > "market" price for the vehicle. > > -- > "Our eyes and hands and feet will give us the same assistance in doing > mischief as in doing good; but it would not therefore be better for the > world, that all mankind were blind and lame. Arms are not to be laid > aside by honest men, because carried by assassins and ruffians; they are > to be used the rather for this very reason." > > -George Campbell

Return to Main Index

The content on this site may not be republished without permission. Copyright © 1988-2020 - The Saab Network -
For usage guidelines, see the Mission and Purpose Page.
[Contact | Site Map | on Facebook | on Twitter | Shop Amazon via TSN | Site Donations]