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      08-31-2012, 01:15 PM   #17
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Drives: 2013 M Sport X Drive
Join Date: Jun 2012
Location: Alaska

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Originally Posted by justinnum1 View Post
residual is to high.

for 12k/36 residual is 60%
I'm a novice when it comes to leasing, but don't you want a high residual? As I understand it, the residual is the projected value of the car at the end of the lease. In a lease, you are paying for the anticipated depreciation of the car during the lease term; if the residual value of the car is high, then the anticipated depreciation of the vehicle is lowered, right? i.e., all things being equal, your lease payments will be lower on a car with a higher residual. Am I missing something?
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