If you’re in the market for a Saab, now’s the time
Saab USA rebates and incentives are breaking records. How does a US$8,000 rebate and GM employee pricing on a new Saab sound to you? I’d say that’s a hefty offer! Read on….
As the rest of GM offers the “true employee pricing” discounts, it seems that Saab USA is going one better and offering some pretty impressive rebates, too. Check it:
The biggest rebates are on the Saab 9-7x. Along with the other large SUVs in the market, dealers can’t give these things away with gas prices being what they are. So, if you want the best Chevy Trailblazer on the market, get on down to your local Saab dealer and make (or just take) this deal! You’ll get employee pricing, which in the Southeastern US will get you nearly US$4,000 off the sticker price, and then you’ll get a mind-blowing US$8,000 rebate. That’s a $41,000 vehicle for $29,000 and change. Smokin’.
The discounts on the other Saabs are impressive, even though they aren’t $8,000.
2008 SAAB 93 Sedan 2.0T 3YU Metallic Paint
$29,740 Base MSRP
$27,623 Employee MSRP
-$3,500 Total Cash Back
$24,123 Your Price After Applicable Offers
2008 SAAB 93 Convertible 2.0T 3YU Metallic Paint
$41,250 Base MSRP
$38,246 Employee MSRP
-$3,500 Total Cash Back
$34,746 Your Price After Applicable Offers
2008 SAAB 93 Wagon 2.0T 3YU Metallic Paint
$30,910 Base MSRP
$28,703 Employee MSRP
-$3,500 Total Cash Back
$25,203 Your Price After Applicable Offers
2008 SAAB 95 Sedan 2.3T 3YU Metallic Paint
$38,980 Base MSRP
$35,850 Employee MSRP
-$3,000 Total Cash Back
$32,850 Your Price After Applicable Offers
2008 SAAB 95 Wagon 2.3T 3YU Metallic Paint
$40,280 Base MSRP
$37,012 Employee MSRP
-$3,000 Total Cash Back
$34,012 Your Price After Applicable Offers
Desperate times call for desperate measures, as they say.
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I certainly think that a 9-3 makes a much more convincing case for itself at $23k than at $30k
Actually, I was just considering trading-in the wife’s ‘01 9-3 for a new Saab. I find it strange that they’re offering more incentives on the more popular car (9-3) than on the car they’ve been having a tough time selling (9-5). I’d really like to pick up a 9-5 wagon, but I can’t afford $34K for a new car, especially after paying the taxes and licensing fees and such on top of that!
Maybe I’ll just trade her car in and get a CPO 2005 9-5 wagon. Those are going for around $21K! And you get the old (better) interior and non-Dame Edna grille. My only problem is that I live in the Southwest and it seems the only dealers with CPO 9-5 wagons are in the East.
Is there any way to a national search (US) for a 2008 Saab instead of using a zip code? I can’t seem to find a 93 6-speed SC dark paint metallic.
Hi, I like the idea of these big discounts, yet how is GM going to make any profit to sustain some sort of future for all its brands.
Also, another question I have.
Let’s take this 97X for $29,000 and change, which is a great deal if you didn’t pay close to $42,000 a couple of months ago. I am just wondering what the depreciation is for both cars in three years time. Who is really going to make out here. Let’s assume in three years time this 97x can still sell for around 22K. Lease price of 500 a month equals $18,000 in three years. But if you buy the car out of lease, i.e. somebody elses lease, should the depreciation be closer to a buying price of $14,000 by the year 2011? I am just wondering about the options for potential buyers. As Swade states, if you have the money, these are amazing prices. But only todays buyer wins, and everyone else looses.
Are there statistics, for this sort of thing?
I like the $24K for a 9-3 Sport-Combi, but in 2011 am I willing to pay $18,000.00 for a three year old car (as you would today for a 2005/6) if the depreciation is only $6,000.
Why can’t GM just stop it with these stupid incentive deals that only cheapen Saab’s brand image, and just slash MSRP’s to what they are after the employee discounts and rebates. Saab, as a European brand, relies on a very snobby buying crowd to make an existence for itself. The last thing that Saab needs as a brand is for discriminating European car buyers to walk in to the dealerships and gee the GM “blue square of mediocrity” adorning all sorts of tacky “employee discount spectacular” gear on the cars. It just makes Saab cheap, and you never see Audi, BMW, or Mercedes resorting to stuff like that in order to sell cars.
Slashing MSRP’s on the other hand will win over buyers from as early in the car purchasing cycle as when they log on to SaabUSA.com or Edmunds and see that they can get that well-equipped, luxurious 9-3 2.0T for only a grand or two more than a Jetta GLI. Same goes for when they see that they can get that luxurious, practical 9-3 Aero XWD for the same base MSRP as an underpowered 328XI.
It’ exactlys this sort of GM stupidity that’s been hurting Saab so much as of late.
Didnt Saab already reduce prices about four years ago and say that that was the end of discounting and rebates? What happened to that plan?
Grip: I hear you. Perhaps you could get a dealer to certify a used 9-5 wagon?
Nico: You’re dead on. SUVs like the 9-7x are losing value faster than Brazilian currency. Discounting doesn’t help.
Alex: They are desperate to sell cars of any kind. This isn’t just a Saab thing, this is a market thing.
Zippy: There have been two different changes in management since that statement, so all bets are off.
In the interest of possible trades for my wife’s 05 9-3 sedan (that we incidentally picked up at the last major Employee Pricing go-round), I priced a Sportcombi. the 2.0T is 25K BEFORE any options. add in all the packages and it’s still a 30K car. Too rich for my (our) blood. Some of the things that are extra that should be standard, IMO: fog lights, express-up (one-touch) windows are bundeld in packages so you’re forced to buy pretty much everything if you want a nice ride.
Why buy new when I can get a CPO 2-yr old Sportcombi for under 20K with less than 30K miles? The depreciation of the brand is what kills it, really. Our 3-yr old sedan is worth maybe 12K on A car that sticker at around 30K. That’s really bad.
How about this: your lease on your 9-3 is ending in the next 3 months.You have your eyes on a new Turbo-X 6speed manual @ $43,060.00.Theres no leasing program so you decide to buy it and float a note.How’s $34,755.00 sound to you for a car that will run with a 335xi?
SaabLance, if you can do that deal for someone, feel free to post your dealership’s link here in comments.
Feel free to contact me @saablance@comcast.net…..please make note of my post: to acheive that exact pricing you have to take advantage of the current lease to finance bonus in addition to the standard $3,500 rebate.If you simply have a Saab to qualify you for owner loyalty the price is $1,000 higher
i wouldnt mind picking up a saab 9-3 for the same price as in the us… i think its been mentioned on this forum before, but the saab dealerships in the toronto area, in canada, are terrible.
maybe i can just wait a year, and find a one year used 9-3 for the same price for a new in the us.
triple - good point. It’s still a bit overpriced for some basic items that should be standard on a luxury car. I can’t stand how my wife comments about the lack of Express Up every time we are in the car.
To SaabLance I would say, subvented lease vs. loan float is not the same thing. If you buy new, even at a discounted rate, the immediate and drastic depreciation means you have to keep the car until the wheels fall off to make things work out. That’s the whole reason to lease, esp. with a car like Saab that has such, uh, lousy resale - you just toss them the keys and walk away. And that’s why I took advantage of 2 Saab subvented leases. Ironically, when I was interested in actually buying one of them as the lease ended, GMAC wouldn’t negotiate so they lost a potential customer; there were no good 9-5s left, and to load up a 9-3 to the same spec just cost too darn much.
If you take my example and put down let’s say,15% and finance $30/$31k you have gotten such a head start on the rate of depreciation that it is very financially realistic that with normal use and mileage 3 years into the note you can be at even equity cars market value vs.the adjusted value of the note.This puts you at a zero sum balance after 36 months …..value of car equal to value of note = zero positive or negative equity which is exactly where you find yourself at the end of a 36 month lease.
Here’s an example of how some clients minds work in regard to leases and negotiating price at the end.First off the high residual value that served as your purchase option was largely the reason your payment was as low as it was.If that price at the end of the lease is out of line with the current market,exercise your option to walk away! Heres a real example of how absurd the situation some times gets .I had a client contact me at the end of his lease asking me to contact Saab and get a lease end buy quote on his 9-5.I was curious as to why he wanted to buy rather than re-lease a new model.His reason was that he had gone over mileage to the tune of 45,000 miles on a 36 month /36k contract and was looking at $9,000.00 in overage charges.So his plan was buy the car,beat the overmilage charge. His contracted residual value was about $19,500 and Saab quoted me $18,800.He went ballistic..” WHAT KIND OF IDIOT DO THEY TAKE ME FOR ? I’M NOT PAYING $18,800 FOR A CAR WITH 81,000 MILES ON IT!!!!!!!!!” This is like the kid who murders his parents and throws himself on the mercy of the court because he’s an orphan
SaabLance, I see where you’re going on the zero pos/neg thing, but here’s my concern. Even though you’re starting out with the car at such a discount, and you think that way you’ll beat the depreciation, the market will take that huge discount into account when setting the used car value down the road. Poor Saab resale will get you one way or the other, which is why for me at least subvented leasing made much more sense.
And you’re right, the captive leasing company purposely uses an unrealistic residual to make the monthlies more palatable. I’m OK with that! It’s only a problem if you start thinking about buying the car at lease end, which is compounded by GMAC’s unwillingness to dicker (must have residual insurance).
Checking used car trade-in values on KBB,Edmunds and NADA FOR A 2005 Aero,good condition ,36K.miles I get an average value of app.$16k trade-in.Since ‘05 was the only previous time Saabs were available under the GMS promotion this would serve as a good model.Quick math using my head not an actuarial table puts you 60% into your loan term(36/60th of 60 mos.)if you did the financing at 5.9% and used my 15% down 30/31K. Principal the balance of your payments without even factoring out adjusted unearned interest is only about $14,200.So trade it in after 36 mos.rather than simply returning it.If this math does not work I’m open for correction.