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Re: Lease Negotiations
Posted by Acxiombill - http://saabnet.com/tsn/forms/e.php3?e (more from Acxiombill - http://saabnet.com/tsn/forms/e.php3?e) on Wed, 26 May 2004 19:17:44
In Reply to: , Kok Chen, Sat, 17 Dec 1988 12:00:00 

This is possible -- it's called GAP insurance, and apparently it's available
to financial entities as well as consumers (a consumer would purchase GAP
insurance to cover the difference in a scenario where the car was totaled or
stolen and the pay-off is less than the balance owed on the lease (common).
 
Saab Financial probably has a similar deal with the entity they use that
determines a vehicles residual value.
 
Search Kelly Blue Book www.kbb.com Ên your car (go to
Used Cars,Êrade in values) and enter all the data and look up the value --
you should be able to buy a Saab for somewhere near this amount (plus or
minus $500 to $1,000). If your payoff or residualÊs way above this amount,
walk away and look at eBay or the saabnet classifieds -- good luck!
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