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Residual Values

arsenarsenarsenarsen Member Posts: 3
edited March 2019 in Jeep
I went to the dealership and they said the2019 Grand Cherokee Altitude 4x2 had a 49% residual. I feel like that is too low for that car.
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  • arsenarsenarsenarsen Member Posts: 3
    Zip code is 91605
  • MichaellMichaell Moderator Posts: 262,281
    arsenarsen said:

    I went to the dealership and they said the2019 Grand Cherokee Altitude 4x2 had a 49% residual. I feel like that is too low for that car.

    arsenarsen said:

    Zip code is 91605

    What lease term and how many miles per year is this for?

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  • arsenarsenarsenarsen Member Posts: 3
    Its for a 12000 a year 36 month lease
  • MichaellMichaell Moderator Posts: 262,281
    arsenarsen said:

    Its for a 12000 a year 36 month lease

    I show 48% for that model and 36/12

    Dealer cannot alter the residual, as it is fixed by the bank. Ask them what bank they are using.

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