01-21-2021, 01:45 AM | #1 |
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Anyone ever seen residual value < mkt price at lease end?
I'm currently leasing my 40i that had MSRP of $63000. It was an executive demo and had around 4000 miles on it. I negotiated to $52000 along with some incentives and MSD and ultimately have been paying $590 including tax and without downpayment for 12k/36 (ending 2022 June). Odo is showing little less than 20k miles so far.
The residual value I see on my contract is around 35k and I see that similarly specc'd 2019 models are still hovering around 50k. So I expect they under valued this car. Has anyone seen situation like this? Yes I am still a little over a year from the lease end but I'm not sure if that period is enough for market value to drop $20k, given the popularity. If anyone else also have 2019 model, what is your residual look like? |
01-21-2021, 06:30 PM | #2 | |
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01-21-2021, 08:13 PM | #3 |
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Curious if the Pandemic, SUV demand, and renewed model might have affect on depreciation.
If it end up with market value being higher than >$1000 than the resudual value, I think we might have a good reason to purchase... |
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01-22-2021, 07:56 AM | #5 |
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Except those companies give you about what trade in value is, which typically is a lot less than market value. So if residual minus market is a lot and trade in falls in between, maybe worth it - if not private party sell, buy out the lease, pocket the money for DP on next lease.
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