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01-06-2009, 02:22 AM | #1 |
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January Lease Residual/Money Factor
I thought I was getting close to finalizing the purchase for my car until I was given the new rates for January. According to the dealer I have been working with, the residual for the 2009 128 Coupe (24 months, 15,000 miles) has gone from 72% to 67%. This is an increase in monthly payments of almost $100 all other inputs the same. Anyone have any info on this? With my credit score of 820+ I'm getting a money factor of .00315. Any input is appreciated.
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01-06-2009, 11:47 AM | #2 |
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Thank the economy for that one. Used car values are in the toilet, which will effect residuals on new leases. It might not be a great time to lease a car IMO.
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01-06-2009, 11:58 AM | #3 |
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Early estimates say resale on these cars is not too hot. I hope its just a factor of the economy that everyone is facing, but I feel as if I'm married to it for awhile.
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01-06-2009, 03:07 PM | #4 |
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Yeah, this purchase is going on hold probably for awhile. The difference in monthly payments is absurd. I could purchase the car for ~$200 less a month.
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01-06-2009, 03:15 PM | #5 |
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Yeah i just rechecked lease numbers, and it looks to be starting around $750/mo for what I wanted. I'd rather buy a 3yr old car for lower payments I was really starting to like the 1 series too. My local dealers dont seem to have much left of 08 stock. Most has options I dont want and colors I dont like
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