A local dealer is running a lease deal on the above make/model.
The details; $159/month with $1999 down for 24 months, 12K miles/yr, closed end, $695 bank aquisition, first month pymt, no sec dep., residual value of $13,794, based on MSRP of $23,685. The ad says it includes a $1,500 rebate. I met with the dealer and he said the rebate goes from Saab to the dealer. Another plus is Saab includes two years scheduled maintenance.
I have never leased before but believe I am a good lease candidate and have excellent credit. I've done some lease education, i.e. it's best not to put money down and I know it's really more like $169/month because of tax. The mileage limit is fine with me. I don't know to trust the residual value because it's a new model without a history but do I even need to wonder about this since it is a closed end lease? On the surface it seems reasonable. I believe Saabs are pretty much middle of the pack as far as resale value is concerned.
What is the rebates effect on this deal?
Would it be to my advantage to extend the lease to 36 months?
Am I missing something? It seems like all the details are there. The deal ends Nov 30 so I need to act soon.