Question:
> Actually, at the end of my 48 months Honda lease, the dealer take it back at > a warrantied 52% of initial value as long it has less than 96000 km and is > in reasonable shape.
Honda ? I thought this group was about Audis…
Response:
Cars taken back after a leasing and sold by a dealer are always 10 to 15% more expensive than the same car sold by an individual. Just because the dealer must offer a better guarantee, get a professional insurance and make a living of his sales… So, you should compare prices of cars sold in the same way and I guess that the percentage given previously were, as very often, an average between prices of individuals and dealers. Guy – Hide quoted text — Show quoted text ->Honda Accords retain 61, 63, 64% of their value, that is, >their resale value is that percent of the original cost. > Actually, at the end of my 48 months Honda lease, the dealer take it back at > a warrantied 52% of initial value as long it has less than 96000 km and is > in reasonable shape. So they must sell it at a higher percentage (60%+ at 4 > years).
Response:
>Honda Accords retain 61, 63, 64% of their value, that is, >their resale value is that percent of the original cost.
Actually, at the end of my 48 months Honda lease, the dealer take it back at a warrantied 52% of initial value as long it has less than 96000 km and is in reasonable shape. So they must sell it at a higher percentage (60%+ at 4 years).
Response:
Kiplinger’s Personal Finance Magazine (Dec. 1998) has a detailed comparison of hundreds of cars. Resale values are given, based on figures reported by Automotive Lease Guide. Values represent the *projected* percentage of the original cost that the car will retain after 2 years and after 4 years, considered the "Resale Value." Resale Value Car After 2 yrs. After 4 yrs. Audi A4 1.8T Qiattrp 4 dr 68% 53% Audi A6 4 dr 62 47 BMW 328i 4 dr 68% 53% These values are among the highest. Only a car like the Boxster retails 75% of its value 2 years later. Honda Accords retain 61, 63, 64% of their value, that is, their resale value is that percent of the original cost. The less expensive Saturns have a resale value of 55, 56, or 58% of the original cost; the more expensive Saturns, 63%. Big American "luxury" cars (Buicks, Lincolns have the lowest resale values after 2 years, ranging in the low 50s. John R.
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