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residual

silverfxsilverfx Member Posts: 1
edited December 2017 in Cadillac
South florida Residual on base model and luxury 36 month lease.
My current car is a luxury 2014 atS Appraisal 4000 difference between this car and base model
My thinking with the higher residual there should not be a significant difference in the monthly lease payment between a base and a luxury. Is my thinking correct?
I am quoted 100 more. Assume same cash down.
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  • kyfdxkyfdx Moderator Posts: 265,514
    edited December 2017
    silverfx said:

    South florida Residual on base model and luxury 36 month lease.
    My current car is a luxury 2014 atS Appraisal 4000 difference between this car and base model
    My thinking with the higher residual there should not be a significant difference in the monthly lease payment between a base and a luxury. Is my thinking correct?
    I am quoted 100 more. Assume same cash down.

    51% residual for either trim, for 36/15
    $972 lease cash on base model, only.

    Since they have the same residual percentage, the monthly payment difference is likely to be proportional to the MSRP difference.

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