07-23-2016, 01:56 AM | #1 |
Private
28
Rep 81
Posts |
residuals for 2017 models. help!
can someone kindly explain why 2017 residual is significantly lower than the 2016?
i have ordered 2017 because there was no way of finding 2016 228 properly equipped for my taste. However, i am slowly discovering that the residual is at least 5% lower in the 2017 model than the 2016. for example, 36mo/10k residual for 2016 228 was 61%. i am hearing that residual for the same duration for 2017 230 will be 55% or even lower. this is scaring me :/ |
07-23-2016, 02:04 AM | #2 |
Brigadier General
3276
Rep 3,254
Posts |
It's because they want to entice customers to buy the older stock first. Once 2016s are sold through, you will see residuals on 17 models creep back up.
|
Appreciate
0
|
07-24-2016, 08:13 AM | #3 |
Kingslayer
411
Rep 1,479
Posts |
Residuals on the 17's will probably not get any better until the beginning of next year. You're in for a long wait.
__________________
Previous Cars: 2008' 135i, 2010' 328i, 2013' 328i, 2016' M235i, 2017' X1, 2019' M240i Current Cars: 2019' X3, 2021' M3 Comp |
Appreciate
0
|
07-30-2016, 05:48 PM | #4 |
x
7
Rep 29
Posts |
Residual in March when I ordered my M235i was 52% .. residual dropped to 49% in June and my car just arrived last week.. and am ending up being forced to pay the increase in my monthly lease payments.
|
Appreciate
0
|
07-30-2016, 06:28 PM | #5 | |
Major General
1904
Rep 5,097
Posts |
Quote:
__________________
'11 Z4 30i (retired);'11 X3 28i (retired); '15 M235i Stage 1 Dinan (recalled & crushed); '16 M235i Stage 3 Dinan (retired); '15 X3 28i (retired); '14 328i (retired), 2019 X3M40i (retired); Loaded '18 X1 (retired); Loaded '20 X3MC DG, Black/Tan Merino (retired); Loaded '23 X1 Cape York green and Red/Black interior; '23 Audi A4 Allroad Progressiv
|
|
Appreciate
0
|
07-30-2016, 06:51 PM | #6 | |
Major General
4909
Rep 5,053
Posts |
Quote:
All that said, also remember that car sales are at all time highs and things are "great" in the industry - I use quotes because when 675 credit score gets you top tier rates on $60k BMWs one has to wonder. Anyway, what that translates to for leases is actually a lower residual because there is expected to be a glut of used cars on the market 3 years out. Conversely, at the height of the recession when cars weren't selling, residuals were comparatively high, with the logic being there wouldn't be many used cars on the road from 2012-2014...and there weren't...used car prices skyrocketed. Seems counterintuitive, but it's not.
__________________
|
|
Appreciate
0
|
08-01-2016, 02:12 AM | #7 |
New Member
3
Rep 21
Posts |
To put this into perspective, if your base price was $50k, this amounts to about $70/mo more pre-taxes, or a little more than $2/day .. it's a lot less scary when you think of it this way.
I have an addiction that costs me 4-5x this per day that I really need to stop |
Appreciate
0
|
08-04-2016, 09:42 AM | #8 | |
Captain
463
Rep 957
Posts |
Quote:
Was just shopping for an suv for the wife, bmw residuals were horrible, 45k sticker w 7% off was still going to be around 570 w 2000 out the door, ended up with a lexus 47k sticker, 444 a month, 1500 out the door. Sometimes leases just do not work. |
|
Appreciate
0
|
08-04-2016, 02:51 PM | #9 |
x
7
Rep 29
Posts |
I signed the contract in March, but BMW's payment protection policy is only 90 days. My car arrived end of July, so I was stuck having to sign a new contract with the new residual. My dealer and I tried all that we could, but zero luck with BMW FS.
|
Appreciate
0
|
08-04-2016, 02:53 PM | #10 | |
x
7
Rep 29
Posts |
Quote:
|
|
Appreciate
0
|
08-04-2016, 02:55 PM | #11 | |
x
7
Rep 29
Posts |
Quote:
|
|
Appreciate
0
|
08-04-2016, 07:11 PM | #12 | |
Major General
1904
Rep 5,097
Posts |
Quote:
__________________
'11 Z4 30i (retired);'11 X3 28i (retired); '15 M235i Stage 1 Dinan (recalled & crushed); '16 M235i Stage 3 Dinan (retired); '15 X3 28i (retired); '14 328i (retired), 2019 X3M40i (retired); Loaded '18 X1 (retired); Loaded '20 X3MC DG, Black/Tan Merino (retired); Loaded '23 X1 Cape York green and Red/Black interior; '23 Audi A4 Allroad Progressiv
|
|
Appreciate
0
|
Post Reply |
Bookmarks |
Thread Tools | Search this Thread |
|
|