Pop Quiz - Lease Knowledge

Dealer Guy

How many miles are standard on most leases - where the primary residual value is based:

1. 10K

2. 12K

3. 15K

I know the correct answer - do you?

mark rask

12000

FRED BERZUNZA

# 2

Dealer Guy

It's always been 15K. Car sites like carsense.com have customers under the illusion it's really 12K, but it's amazing to see educated dealers still pushing bad information.

Troy Campbell

12,000 ?

Jim Dykstra

15,000 is annual mileage for base residual calculation. Advertised & subvented money factors and residuals often move down to 12 or 10k to reach target monthly payment price points. 

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