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-   -   June GMAC Residuals and Money Factors?? (http://www.elcovaforums.com/forums/showthread.php?t=17170)

KJS 05-31-2006 12:24 AM
June GMAC Residuals and Money Factors??
 
Anyone know what the current residual % and money factors are or are going to be? Curious to see how the soon to hit 07's are going to effect 06's, good or bad to lease now? Have been searching around but not coming up on residuals for 24-39 month 12k programs? Anyone able to chime in with them? Thanks

TrojanH3 05-31-2006 07:43 PM
Re: June GMAC Residuals and Money Factors??
 
Bump because I would like to know as well.

Cheers,
Karl

KJS 05-31-2006 10:22 PM
Re: June GMAC Residuals and Money Factors??
 
Quote:
Originally Posted by TrojanH3
Bump because I would like to know as well.

Cheers,
Karl

Thanks!

Anyone?

Wisha Haddan H3 05-31-2006 10:26 PM
Re: June GMAC Residuals and Money Factors??
 
What are "residuals"?

KJS 05-31-2006 10:30 PM
Re: June GMAC Residuals and Money Factors??
 
Quote:
Originally Posted by Wisha Haddan H3
What are "residuals"?

http://leaseguide.com/lease07.htm

"Residuals are usually stated as a percentage of MSRP. A 36-month, 50% residual on a new $20,000 car means that its estimated depreciated value at the end of a 3 year lease will be $10,000. The actual value at the end of 36 months might be higher or lower.

Residual percentages decrease as the length of a lease, called the lease term, increases. This is because the older a vehicle gets, the less it's worth. For example, the 24-month residual on a particular car might be 57%, decreasing to 50% for 36 months, then to 44% for 48 months, and 39% for 60 months.

Residuals fall rapidly in the first 24 months, then more slowly in later months. This is why shorter term leases are more expensive than longer leases."

KJS 06-01-2006 10:23 PM
Re: June GMAC Residuals and Money Factors??
 
Anyone....Anyone....Anyone?


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