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Old 08 Oct 2003, 12:45 pm
Captain Frank
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Default TSX lease: has residual rates changed?

Hi,

I just got a quote for a TSX (6MT, non-navi) lease for 36 month/12,000
miles per year residual value of 62%.

I had heard that the residual rates for 36/12, non-navi was previously
65%.

so, I am wondering if a) there has been a change to residual rates, b)
this is a negotiable item, or c) the salesman just made a mistake and
it should really be 65%.

Does anyone know?

Thanks, Frank
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Old 08 Oct 2003, 09:52 pm
Rob G
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Default Re: TSX lease: has residual rates changed?

I think the residual values on 3 year leases is so low because they
want people in 4 year leases. When I leased in 98, the standard seemed
to be a 3 year lease. Now, the 3 year leases are so expensive compared
to a 4 year lease. I think the whole market is 'rigged' with those stupid
black book values designed to maximize profits for the auto dealers and
makers.

--


Rob

"Captain Frank" <guitarleft2001@yahoo.com> wrote in message
news:6ce3c663.0310080845.606c9b51@posting.google.c om...
> Hi,
>
> I just got a quote for a TSX (6MT, non-navi) lease for 36 month/12,000
> miles per year residual value of 62%.
>
> I had heard that the residual rates for 36/12, non-navi was previously
> 65%.
>
> so, I am wondering if a) there has been a change to residual rates, b)
> this is a negotiable item, or c) the salesman just made a mistake and
> it should really be 65%.
>
> Does anyone know?
>
> Thanks, Frank



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