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G70 Lease Comparisons and Discussion (USA)

HyperM3

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Not only the two engines but also whether RWD or AWD. From Edmunds, January numbers for G70 36/10:

2.0T RWD - .00004 and 50%; $2500 lease cash
2.0T AWD - .00001 and 51%; $2000 lease cash
3.3T RWD - .00002 and 53%: $1000 lease cash
Are you sure theres 4 Zeros in the MF and not 3? That seems extremely low. On the 3.3 that MF would equal .048 interest rate! Also, what terms are those rates based on (Months/Miles)?
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HyperM3

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Out of curiosity, how does the G70 residual values compare to a comparable BMW 340i or an Audi S4? Are these realistic predictions of actual value lost over 3 years?
The problem with looking at it that way is that its not always apples to apples. You have to look at the MF as well. When I worked at Audi, every month the MF and RV could change. If MF went down, RV went up...if MF went up, RV went down. Most of the time it would keep the payments relatively the same, just differed where the money went...to the bank or to the principal. That being said, RV isnt necessarily a direct idea of what the car is worth on trade value. A BMW or Audi can have the same RV but Im sure they would have a better trade value after the same time frame. I have actually made money on each of my Audi leases because I traded them on my next lease instead of turning them in.
 

Electrode

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The problem with looking at it that way is that its not always apples to apples. You have to look at the MF as well. When I worked at Audi, every month the MF and RV could change. If MF went down, RV went up...if MF went up, RV went down. Most of the time it would keep the payments relatively the same, just differed where the money went...to the bank or to the principal. That being said, RV isnt necessarily a direct idea of what the car is worth on trade value. A BMW or Audi can have the same RV but Im sure they would have a better trade value after the same time frame. I have actually made money on each of my Audi leases because I traded them on my next lease instead of turning them in.
What's the point of manipulating MF vs residual value, if the payment is the same?
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TurtleBoy

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HyperM3

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What's the point of manipulating MF vs residual value, if the payment is the same?
You know what, I actually was typing too fast when I made that post and its actually "When MF goes down RV goes down, when MF goes up, RV goes up".

So basically the bank is saying if the car isnt going to be worth as much at the end, we wont charge as much financing and more of the payment goes to the principal because we get the car cheaper. If the car is going to cost more to buy at the end and they dont get enough money out of reselling it, they will charge more interest through the lease.

For people who decide to keep the car after the lease(buy it out), the best way to do it is to catch a lease when the RV is at its lowest because youre paying more towards the principal, and the buyout at the end will cost less to finance.
 

Electrode

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You know what, I actually was typing too fast when I made that post and its actually "When MF goes down RV goes down, when MF goes up, RV goes up".

So basically the bank is saying if the car isnt going to be worth as much at the end, we wont charge as much financing and more of the payment goes to the principal because we get the car cheaper. If the car is going to cost more to buy at the end and they dont get enough money out of reselling it, they will charge more interest through the lease.

For people who decide to keep the car after the lease(buy it out), the best way to do it is to catch a lease when the RV is at its lowest because youre paying more towards the principal, and the buyout at the end will cost less to finance.
The bank figures the car’s value will be low at the end. They reduce the interest rate so I can pay off more principal instead of finance charge. But who absorbs this loss?
 

TurtleBoy

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