Leasing: residual % change?

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Old 10-07-2003 | 02:26 PM
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CaptainFrank's Avatar
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From: Central New Jersey
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
Old 10-08-2003 | 02:54 PM
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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?
Old 10-09-2003 | 09:32 AM
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From: Central New Jersey
Residual rate on 48 month lease

I had also received a quote on a 48 month/12k mile lease on a non-navi TSX: 57%
Old 10-09-2003 | 09:59 AM
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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?
Old 10-11-2003 | 04:30 PM
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From: new jersey
I lease mine in Sept 5spd white w/o nav. I wondering what people are paying? my terms are

15,000/yr for 48 months
Old 10-11-2003 | 05:25 PM
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stulo -

How much $ did you put down, and what are your monthly payments?
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