Chrysler Residual Values Increase Dramatically
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.
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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
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