2018 Chevy Volt
Yes. Thank you. I was indeed referring to the fact that if your leased car depreciates more than anticipated, and the purchase price at lease end is more than what the car is actually worth, it’s the bank’s problem (and not yours).I think ID4 the people meant excess depreciation over the projected 54% on the lease deal. If it ends up being more it’s not your problem it’s the banks loss
Case in point, my Volt is worth less now than the lease end purchase price that was calculated three years ago, therefore I won’t be buying it. But I did not pay for that extra depreciation. I only paid for the anticipated depreciation.