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2019 Rav 4 LE Hybrid w/ Blindside High Residual

SgtUrdSgtUrd Northern NJ Member Posts: 1
edited April 2019 in Toyota
Please help I'm about to lease a 2019 Rav 4 LE Hybrid w/Blindside MSRP $30,013 / 4k Down (military discount) and $250 p/month for 36 months and 10k miles per year. I intent to buy the vehicle at lease end however dealer states 20K for residual for purchase that seems to high for me. My research tells me the car should have residual of 15~16 K at lease end. Please educate me

Comments

  • MichaellMichaell ColoradoModerator Posts: 182,522
    SgtUrd said:

    Please help I'm about to lease a 2019 Rav 4 LE Hybrid w/Blindside MSRP $30,013 / 4k Down (military discount) and $250 p/month for 36 months and 10k miles per year. I intent to buy the vehicle at lease end however dealer states 20K for residual for purchase that seems to high for me. My research tells me the car should have residual of 15~16 K at lease end. Please educate me

    What ZIP code?

    The residual value is not negotiable; it is set by the bank. And, at lease end, that value isn't negotiable, either.

    If you want to keep the car past the length of the lease, why not buy it from the start?

    1. Avoid lease specific fees
    2. Avoid high residual value (as you're seeing)
    3. No guesses what used car interest rates will be in 3 years.

    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

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