Sign In. Become a Member. Remember Me. Forgot username or password? Not a member? Need further assistance? Please call Member Services at Key tips to consider before buying a plan for your new or used car.
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We follow strict guidelines to ensure that our editorial content is not influenced by advertisers. Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy. You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. With the residual increase, the vehicle is estimated to be worth more at the end of the lease since it would have been properly maintained at the dealership.
To incentivize the prepaid plan, the dealership will pass on those savings to the consumer, thereby reducing the price of the plan. Weintraub gave the example of a lease for a Audi Q5 with a residual value of 55 percent. This story was provided to The Associated Press by the automotive website Edmunds. Ronald Montoya is a senior consumer advice editor at Edmunds. Twitter: rmontoyaedmunds. Follow this up with my checklist to make sure you squeeze out every last bit of savings.
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After being ripped off on his first car purchase, he devoted several years to figuring out the best ways to avoid scams and negotiate the best car deals. He has written hundreds of articles on the subject of car buying and taught thousands of car shoppers how to get the best deals.
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