residual value 2023 grand cherokee 4xe
2 Answers
A car's residual value isn't set by the car. It's the expectation of future value expressed by each lender in his lease package. That's taken into account in the calculation of the lease rate and terms. So, a bank might assess the future value of that POS car you're looking at different from a Credit Union or a dealer's financier. Whatever car you're looking at, shop around for rates, and may I add, find a better vehicle, like a Toyota 4Runner or Hylander, or even the dubious but trendy Ford Bronco.
A car's residual value isn't set by the car. It's the expectation of future value expressed by each lender in his lease package. That's taken into account in the calculation of the lease rate and terms. So, a bank might assess the future value of that POS car you're looking at different from a Credit Union or a dealer's financier. Whatever car you're looking at, shop around for rates, and may I add, find a better vehicle, like a Toyota 4Runner or Hylander, or even the dubious but trendy Ford Bronco.