residuals going up!
#1
residuals going up!
I've been doing a bit of research in preparation to get my own G, and it seems that the residual value listed at www.cars.com just went up from 58% after 3yrs to 61%. This adjustment must have happened in the last couple of days. That is an amazing long term value! Better than any 5 series, E class, CLK500, TL and even better than a 911!
you just have to love this car...
you just have to love this car...
#3
Re: residuals going up!
Residual adjustments reflect what auctions are showing for off lease G.
However at some point there will always be a glut or at least enough to satisfy used buyers.
Residuals are always a gamble for leasing companies but a 3% change is only ~~ $1,000 on the G.
They are banking on recovery from excess mileage charges [> 36k or > 45k]........only take 7,000 miles to wash @15 cents per extra mile.
However at some point there will always be a glut or at least enough to satisfy used buyers.
Residuals are always a gamble for leasing companies but a 3% change is only ~~ $1,000 on the G.
They are banking on recovery from excess mileage charges [> 36k or > 45k]........only take 7,000 miles to wash @15 cents per extra mile.
#4
Re: residuals going up!
Residuals also changed probably becuase of the 2005 models coming out. The new residual you're seeing is based on the 2005 models coming out. Infiniti dealers received loan rates, lease rates and residual valuyes over the past weekend. 36 month lease with 12k miles per year has a 62% residual, and a 48 month lease has a 57%. Residuals are always high at teh beginning of the model year. These numbers will drop every month until next august.
Stillen Stage 2 Supercharger, Stillen Front Bumper, Stillen Carbon Fiber Hood, Injen SES Cat-back Exhaust, Injen Cold Air Intake, 19" Axis Hiro Anthracite, Clear Corners
Stillen Stage 2 Supercharger, Stillen Front Bumper, Stillen Carbon Fiber Hood, Injen SES Cat-back Exhaust, Injen Cold Air Intake, 19" Axis Hiro Anthracite, Clear Corners
#6
Re: residuals going up!
When you lease a car you are paying for the depreciation plus a premium. Unless you barely drive the car or have the money to burn it is not a good idea to lease. 12K a year is 230 miles a week, tough to stick to that. You pay slightly less than financing the car outright and after 3 years all you're left with is an empty wallet and an even emptier garage. For a few extra bucks a month and 2 more years you own the car and it still has a material value (ie trade in value) which for our cars is one of the highest at 57-61% retained value (projected). Just food for thought. It really depends on your driving habbits more than anything.
2004.5 Black on Black 6MT, Aero, Premium, Navi (every option offered)
"You can live in your car but you can't drive your house"
2004.5 Black on Black 6MT, Aero, Premium, Navi (every option offered)
"You can live in your car but you can't drive your house"
#7
Re: residuals going up!
Even if you don't drive much, I find leases cost more. This is based on my experience w/ the finance & lease cost of a 01 IS300. After 4 yrs, it's black book avg trade-in values show that despite low km, the net cost of financing is still cheaper than the cost of leasing it. If the IS300 didn't have such a shabby resale value, the net cost of the financing would've been even lower, & a much better deal than the lease (at initial outset of IS300 debut, residual value was good because they expected it to do well).
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