Re: Lease newbee - Saab General Bulletin Board - Saabnet.com
The banner above is an advertisment - if it asks you to download software, please ignore.
Site News -
4/9 Saab Owners' Convention Day Pass Raffle |
3/26 M Car Covers (by State of Nine)
[General |
Members |
C900 |
9000 |
NG900 & OG93 |
93 |
95 |
NG95 |
99 |
Sonett |
Vintage Models |
Clubs |
Other Cars |
FAQs |
Gifts |
Member Photo Galleries |
Member Directory |
Classifieds |
Manuals |
*Buddy Registry |
*Mileage Registry |
Polls |
What's New |
Raffle |
Photo of the Month |
Sponsors]
[Main General Bulletin Board | BBFAQ |
Next by Date | Post Followup ]
Member Login / Signup - Members see fewer ads. - Latest Member Gallery Photos
Re: Lease newbee
Posted by Dan Tucker [Email] (more from Dan Tucker) on Thu, 27 May 2004 21:31:01
In Reply to: Re: Lease newbee, Garry, Thu, 27 May 2004 20:13:09
Members do not see ads below this line. - Help Keep This Site Online - Signup
I have to disagree with your statement that leasing is not consumer friendly for a number of reasons. As a Saab sales manager, I do the math every day with people buying/leasing new Saabs. If, like many new car buyers, you buy a new car every few years, leasing is the way to go. It costs you less cash, and you are transferring the depreciation risk to the lessor. You can drive more car for the same payment, and not worry about having negative equity in your car when it's time for the next one. OTOH, you won't have any positive equity either, but my CPA father said you should always try to avoid owning a depreciating assett...
I've also worked through the cash flows of leasing for 3 years then financing the buyout for 2 years, vs a 5 year conventional loan. Depending on the lease program subsidized by the manufacturer, you may wind up saving a couple of thousand $$ doing this.
However, in my experience, buying out your lease at the end may not be the smartest move though. Most people don't bother to check the market value, and may pay a couple of thousand more for their car vs. an comparable used car on my lot. This is exactly where you would be in trouble trying to trade the car in if it were conventionally financed.
If you're a "buy it and drive it into the ground" type, leasing IS a bad idea! Or if you drive over 18K-20K miles/year...
Dan
posted by 66.30.34...
Posts in this Thread:
- Lease newbee, Brenda, Thu, 27 May 2004 18:03:32
- I ended up buying an Aero!, Brenda, Tue, 1 Jun 2004 18:27:25
- just add gas lease, not_too_shabby, Tue, 1 Jun 2004 16:46:33
- There's a lot to consider...., Noel, Sat, 29 May 2004 10:02:06
- Putting money down upfront can be risky, john, Fri, 28 May 2004 08:07:54
- Re: Lease newbee, JB, Thu, 27 May 2004 18:08:07
Members do not see ads below this line. - Help Keep This Site Online - Signup
Post a Followup
No Site Registration is Required to Post - Site Membership is optional (Member Features List), but helps to keep the site online
for all Saabers. If the site helps you, please consider helping the site by becoming a member.
StateOfNine.com
 |
SaabClub.com
 |
Jak Stoll Performance
 |
M Car Covers
 |
Ad Available
 |
Random Saabnet.com Member Gallery Photos (Click Image)
This is a moderated bulletin board - Posting is a privilege, not a right.
Unsolicited commercial postings are not allowed (no spam). Please, no For Sale or Wanted postings, SERIOUSLY.
Classifieds are to be listed in The Saab Network Classifieds pages.
This is a problem solving forum for over 250,000 Saab owners, so expect to see
problems discussed here even though our cars are generally very reliable. This is not an anything goes
type of forum. Saabnet.com has been a moderated forum since 1988. For usage guidelines, see the
Saabnet.com Mission and Purpose Page. Please remember that you are
not anonymous. Site Contact | Site Donations | Other Sites by SP -
Poverty2Prosperity.org | Run Club Menlo Park | ScreenBot
Site Members do not see red text instructions, bottom of the page anchor ads, or box ads.
Click here to see all
the Site Membership Benefits!