AHFC says 56% Residual KBB says 62%??
11-07-2004, 03:48 AM
#1
Intermediate
Thread Starter
AHFC says 56% Residual KBB says 62%??
I want to lease a TL, but the residual AHFC is using for the lease calculations is 56% and it is making the lease payments very unappealing (even with an attractive price under MSRP, 12k miles and .00211 MF).
This USA Today article references a kbb 3 year residual as 62% on a 05 Acura TL. How are the two estimated residuals so far apart? Is that normal? Is there a chance AHFC's residual estimate will increase?
The difference between a 56% residual and a 62% residual on this car is approximately $40/month.
Anyone know if there are any lending institutions that use the kbb estimated 62% residual?
This USA Today article references a kbb 3 year residual as 62% on a 05 Acura TL. How are the two estimated residuals so far apart? Is that normal? Is there a chance AHFC's residual estimate will increase?
The difference between a 56% residual and a 62% residual on this car is approximately $40/month.
Anyone know if there are any lending institutions that use the kbb estimated 62% residual?
11-07-2004, 08:44 AM
#2
Black
Great question. I got 55% after 42 months (same as 39 months); AHFC stated 57% for 36 months. I would shop around - I had great experience with Chase Auto Finance on my last two cars.
-josh
-josh
11-08-2004, 05:39 PM
#3
Cruisin'
Join Date: Nov 2004
Location: Costa Mesa, CA
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I'm also gonna lease i think.
using:
- MF of .0021 (stated above)
- 36 month residual of 62%
- 33,000 Cap cost
- 7.75% CA tax
i get a total lease payment of $489
Is this about what people are paying?
using:
- MF of .0021 (stated above)
- 36 month residual of 62%
- 33,000 Cap cost
- 7.75% CA tax
i get a total lease payment of $489
Is this about what people are paying?
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