Chrysler Residual Values Drop 6% Due to Bankruptcy
May 13th, 2009
Shortly after filing for bankruptcy, the residual values of 2009 Chrysler vehicles dropped 6% according to Automotive Lease Guide, the leading publisher of residual values.
This means the typical 2009 Chrysler sold today will only be worth 31% of its original sticker price after only 3 years.
This is a big reason why consumers tend to stay away from purchasing a new car from a bankrupt manufacturer.
The 6% residual drop means a $30,000 Chrysler will be worth $1,800 less due to the bankruptcy. Of course, to counteract this, Chrysler is offering more incentives. These incentives, coupled with government-backed warranties, make it a pretty good time to negotiate a deal.
To see the latest prices and rebates on Chrysler vehicles, get a price quote here.
May 13th, 2009 at 9:13 pm
[...] to reposses the car. Their worries are justified, especially considering Automotive Lease Guide just dropped residual values by 6% on 2009 [...]