Thnxs Fireball. And yeah what's up w/9% thought the rates were like 5% or something like that. I just bought a honda pilot for the wife and financed it at 4.9%?

 

Remember, 9% doesn't figure like interest rates on standard financing terms.

 

damn, 9%? my dealer got me 3.49% for 60 month.

 

That sounds more like it !

 

Nevermind you already posted the info..


-Zach

 

Yep, the DOP is available as well. Just as bad though. 10.5% for triple diamond.

 

Gotta remember, you're paying 9% or whatever, on the depreciation of the vehicle. Leases are some of the screwyest things I've ever had to figure out. 9% Lease doesn't equal 9% financing. A kickass lease can be about 5%.

 

I cannot believe the residual of this car. Supposivly 4500-6000 made and it only gonna be worth 35% of it's original value after 48 months....WOW! I was about to go through a seperate lease company cause I could get 4.79 on a lease...yes a lease...but my payments at 60 months sill would have been like 497!!!@ 18,000 miles. I cannot believe that!!! I am payin like 20 more bucks a month on a buy for the same amount of time. DAMN! I figured that this car would be worth at least 40% after 48 months. Although the residuals can change! Due to demand for the car. But we'll see. Hope it gets better.

 

fireball when did you become a mod?

 

About a month ago?

 

Jesus, these residual value are incredible low...

 

I actually requested for a mod position at around the same time, the new mods were placed due to the numberous STi threads. I believe it was 3-13-03. I guess most of us were thinking the same since evoM needed some help since most topics didn't belong in their place.

 

Fireball,

I am trying to get a lease like loan through my company's credit union, however they say that the residual values can not be determined yet for a nother 1-2 weeks. Most likely 2 weeks according to them. I, however, am supposed to take delivery on or around the 1st of April (I am the guy in Texas that is getting the white one from you guys an you guys are getting the silver). What I want to ask is, is there a way for the loan/leasing company to contact Mitsubishi to get a residual value or to verify these residual values? I am just reaching for straws as it was going to enable me to put less money down and the rate wasn't too crappy, plus the convenience of doing business with the local CU instead of financing elsewhere (other places have better loan rates).

 

P.S. Not related to you or this post so much but Mitsu is very misleading on their site. The Lancer Evolution pages, where you can build your Evo, all have on the left hand border the "Bigger, Better Zero Event" crap. Of course if you click on it the fine print says "uh huh huh! not on the Evo dear chap!"

 

They ar just estimates you know. There's no way to know what kind of value these car's will actually bring in five years. If book values are higher then what the residuals are, then that's actually a GOOD thing. If you decide to sell your car at the end of the lease rather then just turn it in and walk away it is possible you could MAKE money. You don't want a proud manufacturer setting unusally high residuals and maybe getting stuck paying out the *** for a car later on if you go over the miles, or turn around and decide you want to buy your car because you like it so much.

Of course, on the flip side, a higher residual would mean a lower lease payment to begin with, but we're talking EVOS here, if you want low payments, just buy the car, or get yourself an ES Lancer.