finance strategy?
#1
finance strategy?
I have a 225 TTQR w/ appearance/bose audio/baseball seats. Residual on lease is $28,900 due Aug. 2003. I can roll over to 5yr loan at lower interest (-3%) now or wait till end of lease. I'm thinking the market value will then be much less than $28,900 and I may be able to negotiate a lower residual since they will just have to whole sale it at a loss. What do you think?
#2
I would wait. Why lock in now, when you don't know what the
market value will be, but suspect it will be lower. If rates and residual go down further, you really win by waiting. If only the residual or rate is lower you still win. FWIW, many financial institutions are taking a bath on their forecast of residuals.
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