End of Lease Purchase Price
02-23-2013, 11:59 PM
#1
End of Lease Purchase Price
Has anyone had experience obtaining a purchase price at the end of the lease that was lower than the residual value stated in the original lease agreement?
02-25-2013, 12:46 PM
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Audi S5, GL350, Audi A4
That normally only happens when the market for used cars is weak and the dealer would rather sell the car to you for less than the residual than take it back and try to find another buyer.
The current market for used cars is very strong, so dealers would rather take the car back and flip it at a higher price than residual.
You can check out the Manheim used car index here and it will show you graphically what I'm talking about:
The current market for used cars is very strong, so dealers would rather take the car back and flip it at a higher price than residual.
You can check out the Manheim used car index here and it will show you graphically what I'm talking about:
