In Reply to: Residual Value my dealer gave seems high any idea? posted by Steve on March 02, 1999 at 15:30:29:
: I've been going back and forth with the buy/lease decision and have a question for you, My dealer is telling me the residual for a 3 y 12k lease is like 67% and a at 15k a yr it's 65% does that seem right to you guys? I thought so but then came across a car report at cars.com via the washington post saying the residuals at a good 10% lower at the same figures. Anyone leased and if so what kinda of term/resid did you get?
A high residual value equates to a lower cost to lease. Since a closed end lease means the risk of a lower than anticipated value at the end of the lease is on the lessor, you'd really be happy with a 100% residual!
Why bitch about a good deal!