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post #1 of 4 (permalink) Old 04-23-2007, 06:52 AM Thread Starter
 
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Residual Values for Leases

Anyone have any idea where to find what the residual values for various cars is? Looking into leasing something. I haven't narrowed it down yet...
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post #2 of 4 (permalink) Old 04-26-2007, 10:03 AM
 
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There are a few companies with software or subscriptions, but I can't find anything online for free. It's a lot of data to keep track of: makes, models, trim levels, lengths of leases, mileage. The numbers are updated each month by the manufacturers.

If you're serious about a few certain vehicles, simply ask the dealership for the residual. Obviously, vehicles that hold their values better have the better residual and therefore the lower lease rates. Even then there are exceptions. I'm at a Nissan dealership, and there's usually a certain lease term that is a much better rate than the others (typically the 36 or 39 month lease). Give the dealership a realistic mileage/year estimate and let them figure out the deal that is best.
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post #3 of 4 (permalink) Old 04-27-2007, 12:54 PM
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There are always lease specials. It varies by the manufacturer/finance company. People like the Ford Motor Company and Ford Motor Credit will artificially raise the risidule value to make the payments cheaper and sell more cars/trucks. Thats one reason why they sell more rides than anybody. To that just screws the resale market on thoes types of vehicles. In the car industry we use to call that Whoreing Cars Out. Anyways. In leasing the only thing you are doing is "Buying A Payment" PEROID! Just pick a ride that you like and the payment that you like and also look to see how much money you want to put down. In all the leasing commericals and advertisements have disclaimers like 36 month lease 10000 miles a year 3450 due at lease signing excludeing taxes and licience and dealer fees. Do your homework before signing to see what the fine print is in reguards to how much do you have to put down to get to the advertised payment. Another thing is that thoes payments are likley based on a 720 or higher credit score. If you have marginal credit than the payment will be higher.

So dont worry about the risidule value unless you are planning on buying the vehilce at the end of the lease term.


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post #4 of 4 (permalink) Old 04-28-2007, 04:55 AM
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Great point Beavis........
Just renting a car really..


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