Chrysler Residual Values Increase Dramatically
Residual values for all three Chrysler brands (Chrysler, Dodge and Jeep) have risen dramatically since May, according to Automotive Lease Guide.
This is good news for car buyers because higher residual values means lower monthly lease payments and higher trade-in values.
The 36 month residual value for Chrysler is now at 32.5%, an increase of 3.7%. Dodge is at 34.8%, an increase of 3.5% while Jeep's value increased a whopping 5% to 37.4%.
The reason residuals have increased so quickly is due to Chrysler's quick exit from bankruptcy and the fact that all excess cars from the 789 terminated dealerships were sold off or transferred to other dealers.
We expect GM residuals will also increase dramatically in the next month or two now that they've also exited bankruptcy quickly.
Each week, I'll keep you up-to-date on the latest car deals and news that might affect your purchase. This includes...
- Best Rebates, Incentives, and Lease Deals
- Latest Car Buying Scams and Tricks
- The Best & Worst Time to Buy a Car
- Which Cars You Should Avoid
About The Author
Gregg Fidan is the founder of RealCarTips. 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.
Latest Weekly Car Buying Tips
November 2023
- Biggest Price Drops on New Cars (Fall 2023) Nov 30, 2023
- Best Car Deals Around the Country Nov 30, 2023
- Cheapest Luxury Lease Deals Nov 30, 2023
- Real Prices of Pickup Trucks Nov 30, 2023
- Top 100 Cheapest Lease Deals Nov 23, 2023
- Best Black Friday Car Deals Nov 23, 2023
- New Cars with the Most Available Inventory Nov 23, 2023
- Real Prices of Midsize SUVs Nov 23, 2023
- Worst Cars to Lease Right Now Nov 16, 2023
- Cars With the Largest Rebates Nov 16, 2023
- Which Cars Better to Lease or Buy Nov 16, 2023
- Real Prices of Large SUVs Nov 16, 2023
- Best 0% Finance Deals November 2023 Nov 09, 2023
- Best Bang for Your Buck Lease Deals Nov 09, 2023
- Best Electric, Hybrid Lease Deals Nov 09, 2023
- Real Prices of Compact Cars Nov 09, 2023
- Biggest Discounts on New Cars Nov 02, 2023
- Best Car Deals by Category Nov 02, 2023
- Price Comparison of Subcompact SUVs Nov 02, 2023
- New Cars You Should Wait to Buy Nov 02, 2023
October 2023
- Real Prices of New Compact SUVs Oct 26, 2023
- Top 100 Cheapest New Cars for 2023 Oct 19, 2023
- Real Prices of Midsize Cars Oct 19, 2023
