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Lease End Residual Value

286 Views 8 Replies 3 Participants Last post by  Berko
I just checked out the details on the Tonale lease offer. If my calculation is correct, they have the residual value at 50% after 27 months. For comparison, I got a quote on Subaru a while back, they have residual at 75% after 24 month. Subaru and Toyota probably have the best residual value but still the gap is huge.

I guess this is the price to drive an Alfa 馃槮


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Ends May 31st. 7.49% lease financing for 27 months available to qualified customers through SCI Lease Corp. on all new 2023 Alfa Romeo Tonale Veloce models at participating dealers (excludes Hybrid). Example: 2023 Alfa Romeo Tonale Veloce with a Lease Price of $49,195 (includes a down payment of $4,995): leased at 7.49% for 27 months equals 27 monthly payments of $938. $4,995 down payment, $939 security deposit and first month's payment due at lease inception, with a cost of borrowing of $43,872, a total obligation of $30,347. Kilometre allowance of 16000/year. Cost of $0.20 per excess kilometre plus applicable taxes at lease termination. Offer subject to change or cancellation without notice. Additional fees and charges may be due at time of signing. Lease price does not include taxes, retailer fees or any other charges. See your retailer for complete details.
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50% at 27 months is low for the industry. My Giulia is 62% at 24 months. Most non-Tesla EVs are 52% at 36 months.
How did you calculate the 50%?
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How did you calculate the 50%?
Yea, I am getting a higher residual. If I understand the details.
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Hmm, I was using $49,195 as the sell price and then down payment
Hmm, I was using $49,195 as the sell price and then down payment
I took that price (includes down payment) to mean I had to inflate to get selling price.
I took that price (includes down payment) to mean I had to inflate to get selling price.
That's how I interpret that wording too.
That's how I interpret that wording too.
So the sales price is $54,190.
So the sales price is $54,190.
Yeah msrp and sale price is 54,190 would be my assumption.
It is really weird wording though. I guess it must be Canadian way. Never seen anything that states a price and mentions includes down-payment. We may be wrong too.
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