If the residual is high compared to the market value at lease end, this means the lease worked out in your favor because the bank had to pay for all the extra depreciation, not you.
Yeah, that makes sense if I give the car back to them.
But if I understand correctly, that doesnāt work for me if I want to do a lease buyout since no dealer Iāve met wants to trade the lease for a vehicle thatās worth more than the market value. Correct me if I am wrong.
Either way, Iāll go with the Genesis deal I outlined earlier because itās the best Iāve gotten so far for a Genesis. I got a better deal for an Audi, so Iāll have that as a backup at least.
Doesnāt that mean the bank, rather than you, took the hit (if you simply return the car at the end of the lease)?
What you are describing is one of the advantages of leasingā¦?
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