Residual Value on Lease??
#1
#2
Originally Posted by DirtySouth
Has anyone got any definitive numbers in regards to residual value? Historically BMW's usually have the best residual values. I'm curious to know what the new 07 sedan will have.
#3
Originally Posted by mpgxsvcd
So what is the residual percentage after 39 months on a new 335i? My 05 G35 has a residual value of 59% with 15000 miles per year. That makes for an outstanding lease as long as you don't plan on buying it at the end of the lease. I don't think you will get those numbers on the 07 right now. I have heard they are more like 54% or 55% right now.
#5
#6
Originally Posted by mpgxsvcd
So what is the residual percentage after 39 months on a new 335i? My 05 G35 has a residual value of 59% with 15000 miles per year. That makes for an outstanding lease as long as you don't plan on buying it at the end of the lease. I don't think you will get those numbers on the 07 right now. I have heard they are more like 54% or 55% right now.
#7
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#8
I'm not familiar with these numbers since I've never leased, but I've seen the absolute numbers on year 1, year 2, year 3 depreciation. I guess that's why so many lease BMWs, because the depreciation % may be small, but the absolute number is large. I got a headache when I saw that number on a 335i, but it's ok, I'll live with my purchase.
What I have seen from experience is that the asking price on a used Honda or BMW is almost insulting given the price of a new one. But on Infiniti, the price seems very nice for a 2 yr. old if one is looking to save money.
What I have seen from experience is that the asking price on a used Honda or BMW is almost insulting given the price of a new one. But on Infiniti, the price seems very nice for a 2 yr. old if one is looking to save money.
#9
Originally Posted by John105
I'm not familiar with these numbers since I've never leased, but I've seen the absolute numbers on year 1, year 2, year 3 depreciation. I guess that's why so many lease BMWs, because the depreciation % may be small, but the absolute number is large. I got a headache when I saw that number on a 335i, but it's ok, I'll live with my purchase.
What I have seen from experience is that the asking price on a used Honda or BMW is almost insulting given the price of a new one. But on Infiniti, the price seems very nice for a 2 yr. old if one is looking to save money.
What I have seen from experience is that the asking price on a used Honda or BMW is almost insulting given the price of a new one. But on Infiniti, the price seems very nice for a 2 yr. old if one is looking to save money.
You should look at the % when deciding on whether something is a good "value" or not.
#11
Originally Posted by DirtySouth
A good residual value is really what makes a lease so lucrative...as long as you like switching up cars every couple years.
#14
Originally Posted by RBull
Good point. What is a typical rate in the US now for these cars?
I'm not sure what the calculation is to covert the interest rate to money factor though.
#15
Originally Posted by DirtySouth
MF is based off of the current interest rates for auto loans, which according to www.bankrate.com is 6.87% on a 36 mo & 6.94% on a 60 mo.
I'm not sure what the calculation is to covert the interest rate to money factor though.
I'm not sure what the calculation is to covert the interest rate to money factor though.