What is his reasoning?

Very clearly nothing based on mathematical calculations.
Or consideration of the opportunity of using the cash you save from not putting it all into your car at once to make more cash.

There are so many benefits to financing/leasing/cash; depending on rates, residuals, cost of the car, etc. Can't believe how thick some people in this thread are.

Can anyone confirm that the all dealerships will lease their cars with the same residual value? Of course assuming that we're talking about identical cars, but different dealerships.

^

i'm 99% sure that lease/finance rates and residuals are solely determined by the manufacturer.

Nopppeeee. don't you think it would be a little unfair to determine the residuals themselves?

Finance rates are determined by the banks. If a manufacturer wants to offer promo rates they have to go through the bank to do it.

Residuals are determined by the leasing company/BB.

^

so for a company like BMW which has their own financial services department then it would really be up to the manufacturer, right? from what i remember they have their own bank which is a subsidiary of bank of america.

^I've always assumed BMW Finance was a separate entity from BMW AG, kind of like GMAC (finance arm) is independent from General Motors. I could be wrong..

He wants to raise his fail count. I shall thank him :accepted:

Some dealerships provide in-house financing as an alternative option to banks. Particularly useful for new immigrants or self-employed individuals who may not get financing approval from the bank.

In-house rates are typically above bank rates, however.

Kev

:suspicious:

I'm actually giving out legit advice here guys, but it's your car, you can do what you want.

Ever wonder why cars that are driven by old people don't last very long when driven hard? Or that when an older person comes to a shop, most of the time the tech's will decoke the engine?


:toot:

^

and to prevent that all you need to do is to floor it once every few days and change your oil when it's needed, not drive the shit out of it like it's a race car.

Not sure if a dealership who offers in house financing would allow the manufact. to determine residuals.

And by In-house you are talking about entities such as Toyota Financial correct? Because most major dealerships offer "In House" financing, but they still go through the banks.