Leasing: residual % change?
#1
Leasing: residual % change?
I recently got a quote on a 36 month / 12k miles lease (non-Navi) at a residual rate of 62%. I had heard previously that the residual rate was 65 %.
I was wondering if there was a change in the residual rate or if this might be a negotiable item.
Thanks, Captain Frank
I was wondering if there was a change in the residual rate or if this might be a negotiable item.
Thanks, Captain Frank
#2
Good thread to open up - I've got some questions on this as well. I recently dug up some residual information for 48 months and 15,000 miles per year and that figure was 53% (add about 2% for 12,000 miles - making it 55% for 12k/year).
I would *love* to hear that ~60% residuals exist in the 42-48 month timeframe. Does anyone else have any information/input from their own lease experiences?
I would *love* to hear that ~60% residuals exist in the 42-48 month timeframe. Does anyone else have any information/input from their own lease experiences?
#4
Generally, residual rates fluctuate from month to month based on what the lending firms estimate the vehicle's value to be worth in the future. I don't find it unreasonable that several months ago 60-65% residuals were floating around and that they have dropped. Anyone else have some news?
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