How is the small print? If it works and I'd wonder if it would work for a popular but small production car...like a Corvette or a Golf R for example.
A VW salesman was telling me that the residual value in February will be higher than the residual value of the car in May hence my monthly will be higher if I buy in May vs. February, all the rest being the same (!?).
Quote from: carcrazy on February 11, 2016, 06:23:44 pmA VW salesman was telling me that the residual value in February will be higher than the residual value of the car in May hence my monthly will be higher if I buy in May vs. February, all the rest being the same (!?).That seems strange. How much of a difference are we talking?
Their invoice pricing is suspicious. Unless you had added options.Starting at 39,995http://vwmodels.ca/golf-r/?&gclid=CLquq7zt8MoCFZM6gQodhQkPuw#carousel
Crazy; forgot your general location?I went to VW.ca and was unable to find the "lease and finace" page The residual looks OK, The interest rate is acceptable and that discount is very hefty. Best to assume that they will be subtracting $500 from that discount for "dealer fees".When do the 2017s arrive and are they essentially the same car?
Quote from: tortoise on February 11, 2016, 06:27:38 pmQuote from: carcrazy on February 11, 2016, 06:23:44 pmA VW salesman was telling me that the residual value in February will be higher than the residual value of the car in May hence my monthly will be higher if I buy in May vs. February, all the rest being the same (!?).That seems strange. How much of a difference are we talking?Not strange at all. The later in a model year the car is the less value it has. So for example, on a three year lease, a 2016 GTI will be worth more in February 2019 than in May 2019.Sometimes the manufacturer will compensate for the lower residual by also lowering the interest rate.
Quote from: OliverD on February 11, 2016, 08:17:12 pmQuote from: tortoise on February 11, 2016, 06:27:38 pmQuote from: carcrazy on February 11, 2016, 06:23:44 pmA VW salesman was telling me that the residual value in February will be higher than the residual value of the car in May hence my monthly will be higher if I buy in May vs. February, all the rest being the same (!?).That seems strange. How much of a difference are we talking?Not strange at all. The later in a model year the car is the less value it has. So for example, on a three year lease, a 2016 GTI will be worth more in February 2019 than in May 2019.Sometimes the manufacturer will compensate for the lower residual by also lowering the interest rate.I concur, I am familiar with Ford and they adjust residuals downward every quarter. The key is "the rest being equal."
Can you elaborate on the comment about the "rest being equal"? Is this just that the incentive and rates would change as well to somehow compensate?
Can I return the Focus a month or two in advance without penalty?