You can call and ask a salesman to go look at the born on date on the door jamb placard. I don't know what you mean by the residuals question. Can you elaborate?Is there a way to look up how long a car has been sitting at a dealership using the VIN?
Also, can residuals change from different dealers? Even in the same area.
Good to know. Thank you.You can call and ask a salesman to go look at the born on date on the door jamb placard. I don't know what you mean by the residuals question. Can you elaborate?
I'm thinking the current high kelley blue book value on used cars has something to do with it. My wife works at a chevy dealer and people are currently getting money back when they turn in their 3yr lease.Good to know. Thank you.
When leasing they use a residual % to basically calculate what the car would be worth at the end of lease. They change every year and are different based on how many years you are leasing.
Ex: MSRP - 90,000
Residual 65% for a 36 month lease
90,000 x 65% = $58,500 - so technically the car would be worth 58,500 at the end of the 3 years. The higher the residual the better your payments will be.
I have gotten 65, 62, & 59 so far. I thought they were set numbers but now that I am getting different ones,I’m not sure how they fluctuate.