Precisely! My current lease KBB value is already under the lease residual amount only 2/3rds of the way through the lease. And I am HAPPY about that and my decision to lease.Quickly scanned the responses and didn't see anyone address this (sorry if I missed), but unless I'm misunderstanding you, you're thinking about this backwards. An overly optimistic end-value on a lease is good for you, not bad. You're paying for the depreciation, so a higher expected value at the end of the lease means you're paying for less depreciation so lower monthly payments. And if you decide you want to buy it at the end of the lease and the purchase price written into the lease was overly optimistic, they'll usually just offer you a discount unless for some reason they want the car back in inventory.And I worry the same about leasing - that the end-value they put on the car is overly optimistic for an EV and I will be overpaying for a lease.
IMO this (too optimistic residuals) is a way for the legacy makers (in my case GM) to incentivize sales TODAY, in exchange for costs either to dealers or themselves (if they bail out the dealers) three years in the FUTURE. A form of debt financed incentives for the makers.
Statistics: Posted by just frank — Fri Jul 26, 2024 8:47 am — Replies 58 — Views 2239