Leasing 370z

bkunzi01 · 03-04-2009, 10:03 AM

while the residual is 58% most dealers are basing monthly payments on a residual of around 40%. This essentially means you are paying off 60% of the car in 3 years. At that pace you might as well buy it and have the same monthly payments just over 5 years instead of 3 but now you own it! I ended up buying the car even though I was set on leasing because the dealerships really just don't want these cars back. They know it is going to be put to the test (most of the time by kids) and reselling is hard unless they have alot of room in the price to work with. Which is why when you pay off 60% of the car and turn it in they can mark it up to its 58% residual value and drop prices from there if they have trouble selling. Best of luck in your car search!

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03-04-2009, 10:03 AM	#4 (permalink)
bkunzi01 Base Member Join Date: Jan 2009 Location: NY Age: 39 Posts: 66 Drives: 2009 370z Rep Power: 186	while the residual is 58% most dealers are basing monthly payments on a residual of around 40%. This essentially means you are paying off 60% of the car in 3 years. At that pace you might as well buy it and have the same monthly payments just over 5 years instead of 3 but now you own it! I ended up buying the car even though I was set on leasing because the dealerships really just don't want these cars back. They know it is going to be put to the test (most of the time by kids) and reselling is hard unless they have alot of room in the price to work with. Which is why when you pay off 60% of the car and turn it in they can mark it up to its 58% residual value and drop prices from there if they have trouble selling. Best of luck in your car search!