I will be leasing a new Acura 2014 MDX. I normally drive around 12K miles per year. Hence, I am planning to get a 36mo lease with a 12K annual mileage limit.
However, the dealer advised me to save money and get a lease with only 10K annual miles. I have been advised to choose this option, because the MDX will likely be worth more than the residual value at the end of the lease. Hence, I can simply sell the car for more than the payoff value. I'm not sure how comfortable I feel with this.
Is there a good chance that the 2014 Acura MDX will be worth more than the residual value at the end of a 36 month lease?
Any advice on this?
John
However, the dealer advised me to save money and get a lease with only 10K annual miles. I have been advised to choose this option, because the MDX will likely be worth more than the residual value at the end of the lease. Hence, I can simply sell the car for more than the payoff value. I'm not sure how comfortable I feel with this.
Is there a good chance that the 2014 Acura MDX will be worth more than the residual value at the end of a 36 month lease?
Any advice on this?
John