Date: Thu, 6 Feb 2003 08:41:56 -0500 From: "Don" <andronnopsamcom> Subject: Re: Purchasing car at end of lease from Saab
I think Sandstones is closer to the truth than Bob. Bob's experience is based on years old info; the used car market and related values have been killed in the last couple of years with the increased discounting on new cars as well as the oversupply of cars coming off of lease. I believe the wholesale value of the car does approach 5K less than lease resale value. Sounds like it will be difficult to get it for that though due to the insurance. Don "Bob" <noemailnopsammain.com> wrote in message news:r4624vgo62iqkvb4h7vstdnldbf4in5meqnopsamcom... > On Wed, 05 Feb 2003 02:59:10 GMT, "Sandstones" <sandstonesnopsaml.com> > wrote: > > >Saab also said when they get it back the car is going to be sold at auction. > >Since I assume the auction price is more like the wholesale price, that's at > >least a $5000 difference. I would think that someone in that chain involving > >the insurance company would like to get more than the wholesale value for > >the car, but don't have a clue on how to find out who that party is. > > Bad assumption on the $5000, although they do vary quite a > bit since it is an _auction_. Here's an idea of what I saw a couple > of years ago for a 'vert coming off lease, 3 years old, 35K +/- miles; > Saab factory auction price, $21K; typical dealer retail asking price > (before negotiation) $24K, typical dealer selling price $22 to $23.5K. > > So, there's not as much margin as you think. If you are in the > MA area, let me know and I can refer you to a very, very small > dealer who buys Saab authorized off-lease cars direct. You can find > out what the same car will really cost you and maybe find a good > deal. > > FWIW - it sounds like it's a bad deal for you from Saab... but > they just have a set of rules they follow like most corporations, > for better or for worse. > > Bob > > > > > > You can also get a better deal on a 'vert if you buy during > the winter (at least in the NorthEast :-).