Residual Value different from the Dealer

Defluo

Hello,

Through Edmunds I was getting a residual value of 54% for a XC40 Recharge Pure Electric Core. I wanted to confirm this.

I'm in AZ looking at a 12k mile/year 36 month lease. I'm negotiating with them at the moment and I was working under the assumption that the residual value is 54%. They told me no it's 49%.

When I first started talking to them, they gave me 54%, but we were talking about C40 Recharge.

They are basically the same car, why would there be a 5% difference in residual value?

If the dealer is wrong, what do I point to to let them know they are wrong?

Michaell

Defluo said:

Hello,

Through Edmunds I was getting a residual value of 54% for a XC40 Recharge Pure Electric Core. I wanted to confirm this.

I'm in AZ looking at a 12k mile/year 36 month lease. I'm negotiating with them at the moment and I was working under the assumption that the residual value is 54%. They told me no it's 49%.

When I first started talking to them, they gave me 54%, but we were talking about C40 Recharge.

They are basically the same car, why would there be a 5% difference in residual value?

If the dealer is wrong, what do I point to to let them know they are wrong?

Dealer is not wrong.

54% for 36/12 on C40 Core
49% for 36/12 on XC40 Core

Lower residual means they'll get more money for the payment on the SUV.

Defluo

Michaell said:

Defluo said:

Hello,

Through Edmunds I was getting a residual value of 54% for a XC40 Recharge Pure Electric Core. I wanted to confirm this.

I'm in AZ looking at a 12k mile/year 36 month lease. I'm negotiating with them at the moment and I was working under the assumption that the residual value is 54%. They told me no it's 49%.

When I first started talking to them, they gave me 54%, but we were talking about C40 Recharge.

They are basically the same car, why would there be a 5% difference in residual value?

If the dealer is wrong, what do I point to to let them know they are wrong?

Dealer is not wrong.

54% for 36/12 on C40 Core
49% for 36/12 on XC40 Core

Lower residual means they'll get more money for the payment on the SUV.

Awesome, thanks. I just wanted to confirm what they were saying. I was getting something different on the edmunds lease calculator. Can you confirm what the MF is for this car?

Michaell

Defluo said:

Michaell said:

Defluo said:

Hello,

Through Edmunds I was getting a residual value of 54% for a XC40 Recharge Pure Electric Core. I wanted to confirm this.

I'm in AZ looking at a 12k mile/year 36 month lease. I'm negotiating with them at the moment and I was working under the assumption that the residual value is 54%. They told me no it's 49%.

When I first started talking to them, they gave me 54%, but we were talking about C40 Recharge.

They are basically the same car, why would there be a 5% difference in residual value?

If the dealer is wrong, what do I point to to let them know they are wrong?

Dealer is not wrong.

54% for 36/12 on C40 Core
49% for 36/12 on XC40 Core

Lower residual means they'll get more money for the payment on the SUV.

Awesome, thanks. I just wanted to confirm what they were saying. I was getting something different on the edmunds lease calculator. Can you confirm what the MF is for this car?

C40 - .00157
XC40 - .00269

Both have a $7500 EV bonus, and the XC40 also has a $2000 lease bonus (dealer cash)