Residual Values
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Residual Values
For those who are considering leasing, this is an important number. In a previous thread somewhere it was implied that after the Aug 1st meeting the residual values would be known. Has anyone heard anything regarding this. I'm paying cash anyway, but for those leasing it would be an important #.
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Re: Residual Values
Originally posted by bgerber911
For those who are considering leasing, this is an important number. In a previous thread somewhere it was implied that after the Aug 1st meeting the residual values would be known. Has anyone heard anything regarding this. I'm paying cash anyway, but for those leasing it would be an important #.
For those who are considering leasing, this is an important number. In a previous thread somewhere it was implied that after the Aug 1st meeting the residual values would be known. Has anyone heard anything regarding this. I'm paying cash anyway, but for those leasing it would be an important #.
#4
Re: Re: Residual Values
Originally posted by ballz
In Canada I know the residual is going to be 53%
In Canada I know the residual is going to be 53%
MBEGuy
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Re: Re: Residual Values
Originally posted by ballz
In Canada I know the residual is going to be 53%
In Canada I know the residual is going to be 53%
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Originally posted by bobbyz
How do you knwo this? My dealer in Ontario said he does not know yet
How do you knwo this? My dealer in Ontario said he does not know yet
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I can confirm what ballz said about the Canadian residual being 53%. Not sure what happens September 1st though. I'm looking at leasing my Z when I take delivery on it this fall.
Hey ballz, good to see another Vancouver Z-person on here. Which model did you order? I went with the performance in Silverstone. You expecting delivery right away?
Hey ballz, good to see another Vancouver Z-person on here. Which model did you order? I went with the performance in Silverstone. You expecting delivery right away?
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Originally posted by vanstorm16
I can confirm what ballz said about the Canadian residual being 53%. Not sure what happens September 1st though. I'm looking at leasing my Z when I take delivery on it this fall.
Hey ballz, good to see another Vancouver Z-person on here. Which model did you order? I went with the performance in Silverstone. You expecting delivery right away?
I can confirm what ballz said about the Canadian residual being 53%. Not sure what happens September 1st though. I'm looking at leasing my Z when I take delivery on it this fall.
Hey ballz, good to see another Vancouver Z-person on here. Which model did you order? I went with the performance in Silverstone. You expecting delivery right away?
Hopefully there aren't too many like us here in Vancouver so we can have these awesome machines to ourselves, eh (hehe). I was talking to my dealer and he said there is only a hand full in all of the lower mainland. I ordered the Black performance model, but I want to change my mags and get the ray's alloy mag. My delivery aint expected til late august early sept so I still got a ways to go too. Lucky we have a mild winter..........
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Originally posted by bobbyz
BallZ et all.
Do you know what the residual is for a 4 year lease? Also, do you know the rate?
BallZ et all.
Do you know what the residual is for a 4 year lease? Also, do you know the rate?
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For a 4 year lease, the residual is 53%. That is exactly what my dealer and I were talking about last time we spoke.
ballz, there are a few people ahead of me at my dealership for the Z. I'm not expecting mine until after October. I swear, with all this talk about VIN's and deliveries and sightings, this wait is going to kill me!
Trust me, we are going to turn MANY heads driving the Z.
ballz, there are a few people ahead of me at my dealership for the Z. I'm not expecting mine until after October. I swear, with all this talk about VIN's and deliveries and sightings, this wait is going to kill me!
Trust me, we are going to turn MANY heads driving the Z.
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Don't get a 4-year lease.
I'm very pro-leasing myself, and will very likely be leasing the Z, but everyone agrees that you lose way too much on a 4-year or longer.
36-mo is the ideal "breakeven" point where you get the max benefits out of leasing w/o paying that much more than purchasing (long-term).
I'm very pro-leasing myself, and will very likely be leasing the Z, but everyone agrees that you lose way too much on a 4-year or longer.
36-mo is the ideal "breakeven" point where you get the max benefits out of leasing w/o paying that much more than purchasing (long-term).
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Its true, you have to be careful on the timeframe of a lease. The longer they go, the less benefit to the buyer.
Myself, I'm still weighing the lease vs purchase options myself. If you're considering a lease, I'd suggest doing some research online. There's plenty of information out there that will help people understand just how leasing works and the pros and cons of it.
Myself, I'm still weighing the lease vs purchase options myself. If you're considering a lease, I'd suggest doing some research online. There's plenty of information out there that will help people understand just how leasing works and the pros and cons of it.
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Just run some sample calculations of your options and decide which one works best for you. Can't go wrong being informed right?
One thing that I found that might be handy was a website breaking down how a lease is calculated. I could then go and create my own spreadsheet that calculated the lease payments. And you can plug in different numbers to see what results you get. The reason for this is to make sure and verify the numbers that your dealer gives you. In my sample calculations, they dealer was about $30 higher than my own.
My dealer said that if I do lease, its in my best interest not to put ANY money down to lower the monthly payments. Does anyone have some insight to add to this?
One thing that I found that might be handy was a website breaking down how a lease is calculated. I could then go and create my own spreadsheet that calculated the lease payments. And you can plug in different numbers to see what results you get. The reason for this is to make sure and verify the numbers that your dealer gives you. In my sample calculations, they dealer was about $30 higher than my own.
My dealer said that if I do lease, its in my best interest not to put ANY money down to lower the monthly payments. Does anyone have some insight to add to this?
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Originally posted by vanstorm16
My dealer said that if I do lease, its in my best interest not to put ANY money down to lower the monthly payments. Does anyone have some insight to add to this?
My dealer said that if I do lease, its in my best interest not to put ANY money down to lower the monthly payments. Does anyone have some insight to add to this?
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Originally posted by vanstorm16
My dealer said that if I do lease, its in my best interest not to put ANY money down to lower the monthly payments. Does anyone have some insight to add to this?
My dealer said that if I do lease, its in my best interest not to put ANY money down to lower the monthly payments. Does anyone have some insight to add to this?
Someone said here that if you lease for 36 months and your payment is $100 a month less than you are better off buying. I have found the opposite to be true. It is usually much better to lease the car even if you plan on buying at the end of 36 months. Let's examine: with $1000 down on a $35,000 (plus tax) model you will still owe roughly $16400 at the end of 36 months or about 47%. If the payment on a lease is $100 less per month and the residual is 55% the residual would be $19250 but you still have $3600 in your pocet for a net savings of $750 even if you paid the full residual, but that rarely happens. It's usually pretty easy to negotiate $1-$2K off so that is pure savings over a buy. It will probably take 3 years for you to be at the break even point on the loan (you owe the same ammount you can sell it for) so up until 3 years the lease is the way to go for sure because unlike the previous poster mentioned, you won't actually have any equity in the car until then anyway. The total 5 year cost on the buy is $44,500 with P and I so say at the end of 3 years, you buy at the full residual and finance the balance for 2 years. You would pay tax on the $19250 so financing say $21,250@6.5% for 3 years = $22008 + $22000(36 lease payments)=$44000. This is close to identical to the buy cost for 5 years, but I have never failed to negotiate down a residual. Basically the leasing company is taking all the risk guessing at the residual. We'll see.