Car Buying Advice - 2017 LX mf and residual in Texas

breannam40

What is current residual and MF in Texas for 2017 Lx, Touring and Touring L for 3yr/12,000 and 3yr/15,000? Thank you.

Michaell

breannam40 said:

Lol, sorry, the Chrysler Pacifica 

36/15 numbers; add 2% for 12K
LX - .00158 and 48%
Touring - .00105 and 45%
Touring L - .00050 and 46% (this is the best value)

kyfdx

breannam40 said:

What is current residual and MF in Texas for 2017 Lx, Touring and Touring L for 3yr/12,000 and 3yr/15,000? Thank you.

Which Chrysler model?

breannam40

Lol, sorry, the Chrysler Pacifica 

breannam40

@Michaell is it a bad idea to do a 48 month lease vs 36 month for this minivan to help with negative equity to make payments more manageable?  I know not best idea to begin with but have baby coming and family cannot all fit in current car.

Michaell

breannam40 said:

@Michaell is it a bad idea to do a 48 month lease vs 36 month for this minivan to help with negative equity to make payments more manageable?  I know not best idea to begin with but have baby coming and family cannot all fit in current car.

The 48 month numbers for the Pacifica are really bad.

How much negative equity are we talking about?

breannam40

8,000

breannam40

If you have suggestions for another third row vehicle or minivan, definitely open to it as we are in a tough spot and trying to make the best of it.  And we are by no means experts in this car leasing/buying world.  Very open to any vehicle but do want to lease so we don't have inflated payments for even longer.  

Michaell

breannam40 said:

If you have suggestions for another third row vehicle or minivan, definitely open to it as we are in a tough spot and trying to make the best of it.  And we are by no means experts in this car leasing/buying world.  Very open to any vehicle but do want to lease so we don't have inflated payments for even longer.  

$8000? Yikes, that's gonna kill you ...

That's over $200/mo on a 36 month lease, and $167/mo for 48 months.

You might try a base model Toyota Sienna. Low MF (.00001 for most of the country) and decent residuals.

breannam40

@Michaell thank you!  We will look into that and considering other options of trying to make our current car work or possibly buying something older from car max.  I really appreciate your help and this forum.  It has made me a much more knowledgeable buyer.

Michaell

breannam40 said:

@Michaell thank you!  We will look into that and considering other options of trying to make our current car work or possibly buying something older from car max.  I really appreciate your help and this forum.  It has made me a much more knowledgeable buyer.

You best bet is to keep your current car. Adding old debt to new debt is generally frowned upon.