Do you own, lease or finance your Saab?

[nordwulf]

I financed my current used Saab and have about 1 1/2 years to go before it's paid off. I have bought and sold too many different Saabs in the past so hopefully I'll keep this one for a while.

Financing and leasing are very common in the US. As long as you have good credit, you can walk into a dealership and leave with a new/used cars a few hours later with just your signature. What about other countries? I think business leasing is common in Europe but do they also have leasing for private/personal use?

[jlrSAAB]

the leasing is very expensive for me.
LICO Leasing

[Aero]

I own mine. Always have, since the wife is tight on home finances and doesn´t like buying anything she can not pay in full. Used cars except for one bought new.

[Hirsch]

Own.

One of the drawbacks of ED was that conventional financing wasn't an option. Luckily, I was in a position that I could pay in full.

[mattlach]

Up until I got my New Saab I have always financed them.

I would buy 3 year old off-lease cars with mileage in the 30k range and finance them through my credit union at shockingly low rates for 48 months.

My new car - however - I am leasing. I never even considered leasing before, as I thought it irresponsible for many reasons (new vehicle, many payments with nothing to show for it at the end, etc).

I have however rethought this. With my financing above my cars would usually not have much value when paid off anyway, and I'd be more than ready for another car at the end of the 48 month financing as well. I'd also have dumped a lot of money into the car in repairs.

Leasing costs more than financing long term, but only if you don't factor in repairs and servicing (which is free on the new car). The peace of mind of always being under warranty is great.

That, and getting to drive a new car (something I've never done before) is pretty fantastic too.

My only concern is whether or not I'll be able to keep it under the agreed upon miles. Time will tell here I guess.

[Nocturne]

I've always owned my cars outright, always bought with cash (no I'm not gangster lol).

My SAAB is the first car where I'm Financing, part of the reason for the financing decision was to better my credit score, plus I got a really really good interest rate on it too. For the money I would spend on stupid crap I could be driving a great car, so the car won lol.

[tunnanxwd]

Ummmm, Hirsch, you have me puzzled? What does Erectile Dysfunction have to do with the price of a Saab in Cincinnati?

On the other hand, do we really want to know?

[J-Rod]

Ummmm, Hirsch, you have me puzzled? What does Erectile Dysfunction have to do with the price of a Saab in Cincinnati?

On the other hand, do we really want to know?

......European Delivery.......

[mt.aero]

I also like to pay cash up front. Cant stand owing money.

[nordwulf]

My only concern is whether or not I'll be able to keep it under the agreed upon miles. Time will tell here I guess.

Extra miles are actually a pretty good deal. I don't know the details about your lease but this is the lease posted on the Saab USA website.

Saab - Saab

39 months, $379 a month, 32,5K miles

Total payments: $14,777
Down payment: $2,999

So total cost is $17,776 / 32,500 miles = $0.55 per mile for the first 32,500 miles. $0.25 per mile after that is a pretty good deal.