Hey Hackrs, hope everyone’s doing well. Does anyone know if extending a lease has any impact on the residual value of a vehicle? I’m considering extending leases on an Audi and a BMW and may consider purchasing them after the extension periods if the market conditions don’t improve. Thanks in adv…

When you extend the payoff amount just decreases from the residual value. It keeps going down as you make payments. Not all of it though as some of your payment is the rent charge (interest). But if you keep checking your payoff it continues to fall.

Depends on the lender. Nissan / Infiniti allow extension, but the residual does not change. [image] FYI - Infiniti lease extensions do not appear to lower your residual/payoff amount Share Deals & Tips Currently looking at my online portal - I had a 39 month lease and mad…

Correct. Nissan/Infiniti changed this policy a few months back to further alienate their returning lease customer base. So any extension does not lower the residual value. Not sure about Audi and BMW which is your original question.

That’s absolutely horrible. They take all the depreciation component and just pocket it as extra.

BMW reduces payoff by the payment amount less rent charges.

Likewise for Audi (at least as of last year).

Thanks a lot everyone for your replies! Do you know if the extension limits without a pending order are still 3 months for BMW and 6 months for Audi?

So how does a lease really work? If I negotiated a deal of $24,000. This includes tags, tax and dealer fees, then turned around and said I want to lease for 36 months with no money down. They came at me with a residual value of $12640. And the money factor at .013. What would the payment be

[image] Leasehacking 101: A Guide to Reading a Lease Contract — Leasehackr On Leasehackr Forum, a new user asked for guidance on what to review on a lease contract before signing : Hey guys, I couldn’t find this in the FAQ so I thought I’d make a separate topic for others to referenc…

I walked out because I felt like I was getting screwed at the table. Payment was $398 for 36 months no money down at signing but the buyout was $12,640. I should add 12000 miles per

Impact of Lease Extension on Residual Value

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Gearhead April 7, 2022, 11:16pm 3

Depends on the lender. Nissan / Infiniti allow extension, but the residual does not change.