Just out of curiousity, if I were to lease a car this week..........what rates would they go by?
Member
I heard the super promo rates (lease factors) are gone and residuals are up...making it a double whammy, at least on the E55.
Super Member
Isn't residuals going up a good thing? Doesn't that mean that the car is worth more at the end of the lease so the depreciation is less which means lower payments?
Member
Quote:
I meant down. My understanding is that the residuals are down about 1%, and the lease factor on the E55s has more than tripled. Wow.Originally Posted by velvet fog
Isn't residuals going up a good thing? Doesn't that mean that the car is worth more at the end of the lease so the depreciation is less which means lower payments?
One of my employee's wife works at a local MB dealer and she said that lease rates are up and residuals down. You're right, the double whammy effect.
Ouch.
Ouch.
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