10 Steps to Leasing a New Car

Edmunds.comEdmunds.com Member, Administrator, Moderator Posts: 10,237
edited September 2014 in General

image10 Steps to Leasing a New Car

Everything you need to know to make a great deal when you're leasing a new car.

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Comments

  • caskeezcaskeez Member Posts: 2
    Is it possible to learn what residual values are before buy ing a lease returned car?
  • philip17philip17 Southern CaliforniaMember Posts: 25
    You can call the dealer and ask for the residual value. Or you can search different lease calculators on the internet to get the residual value. There are several sites that list residual values.

    When you lease a car, the residual value is listed in the contract and you have the right to buy the car at that amount at the end of the lease. Sometimes, a lease company will lower that price so they don't have to take the car back and sell it at auction.

    I'm wondering why you want to know the residual value of a lease return. Is it so you can make a low offer to buy the car?

    Philip Reed, Edmunds.com Senior Consumer Advice Editor

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