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Re: Leasing Versus Buying

To: Rich Urschel <OSP13@attglobal.net>, Dougie360@aol.com
Subject: Re: Leasing Versus Buying
From: Kenny Wong <kdub13@yahoo.com>
Date: Sun, 15 Jul 2001 12:23:32 -0700 (PDT)
Just a little curious.  New WRX owners!  Since there seems to be plenty
of you poping up at events now.  Did you guys buy or lease?

Kenny Wong

--- Rich Urschel <OSP13@attglobal.net> wrote:
> Dougie360@aol.com wrote:
> 
> > Unless I'm doing the math wrong, the reason I leased my SAAB was
> that it was
> > cheaper than buying.
> >
> > Here is a current ad running in the papers:
> > 2001 SAAB 9-3-SE Convertible  MSRP $41,770
> >
> > Lease:  499/month 36 months
> > $3492 lease inception: includes 1st month lease payment, sec dep,
> acq fee
> >
> > Option to purchase at end of lease for: $20,049
> >
> > Therefore, cost of lease = 3492 + (35 x 499) = 20,957
> >
> > If I intended to buy the car, I would add the 20,049 which then
> totals
> > $41,006.
> 
> You could look it up:
> MSRP            41770
> Invoice         38178
> holdback        -840
> dealer cost   37338
> 
> There may also be factory to dealer incentives.
> Rich Urschel


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