Re: survey - Saab 9-5 Bulletin Board - Saabnet.com
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Re: survey
Posted by David Mills (more from David Mills) on Fri, 23 Feb 2001 19:51:21
In Reply to: Re: survey, Norm 9-5 Aero, Thu, 22 Feb 2001 23:30:01
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Yeah. I meant to post under your post but see now that it didn't get there. I thought it was rediculous because I really wouldn't consider buying most of the other cars and most of the lease options and purchase options seemed kinda dumb. I don't remember anything about residuals but maybe they were there. I have three Saabs presently on lease. I lease, after trial and error, for 3 years (much better money factor than 4, 5, or 6 years)and for milage just barely under the warranty period (you really get gouged if you opt for an extended maintenence contract). Of course I look for a low money factor and high residuals. Since I do that, much of the options were irelevant to me and my circumstances. I don't treat the residuals as anything near the true value of the lease because they seldom are anywhere close. The market value of my 2 year old 9-5 is almost at the stated residual already and unfortunately that lease is four years (mistake learned the hard way). Six months ago when I turned in a lease on a four year old Aurora the market value was about $8-9K but the residual was $18K.
Posts in this Thread:
- survey, David Mills, Thu, 22 Feb 2001 19:57:39
- Re: survey, Norm 9-5 Aero, Thu, 22 Feb 2001 23:30:01
- Re: survey, David Mills, Fri, 23 Feb 2001 19:51:21 <-- Viewing This Message
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