Thread: residual value
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Old 02-24-2009, 09:12 AM
tundradreams tundradreams is offline
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Default Re: residual value

I guess I will be the spoiler here. Did anybody do a search first? This has been brought up many times before. Toyota will not negotiate the residuals as lease end, even for dealers that want to buy them. Toyota is not going to take the loss you think they are. They insure themselves in case the market turns the way it has, and then they recoup much of the cost after it sells at auction.

Another thing. Why get into a lease if you believe you will be over on miles or want to keep the truck? I can understand people that lease, then decide they love their truck and do not want to get rid of it. Other than that, do not put yourself in a position to where it will cost you money at the end but not up front. Many dealers will show you a lease payment as it is typically cheaper than the purchase. We do not sell a payment at my dealership, we sell position. The lease is not always less expensive, but after 3 years of typical driving, you do not have to worry about being "upside down" and you can get a new vehicle by starting fresh.

For all those harping about resale values, must not have seen the MSN.com article a couple of days ago stating that used cars are making a big comeback. I believe one Toyota dealer stated they were looking for people to trade in their sought after vehicle for a new one, just so they could resell the pre-owned ones. A 4Runner that sold for around $14k during the summer was now selling for $19k.
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Last edited by tundradreams; 02-24-2009 at 09:16 AM.
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