CPO lease rates and residuals?

Just curious...

How can someone find the lease rates on CPO vehicles? I'm assuming they are not that great as I don't see a lot of people talking about CPO leasing. Maybe I'm wrong.

It's interesting to see the price of some previously stratospheric cars like an M6, fully under warranty for the term of a lease as they are CPO. Are these not attractive deals when written? You'd think with the residual hit they've already taken that they'd actually be a steal.

Anyone go this route and care to share?

Originally Posted by akaMomo

Just curious...

How can someone find the lease rates on CPO vehicles? I'm assuming they are not that great as I don't see a lot of people talking about CPO leasing. Maybe I'm wrong.

It's interesting to see the price of some previously stratospheric cars like an M6, fully under warranty for the term of a lease as they are CPO. Are these not attractive deals when written? You'd think with the residual hit they've already taken that they'd actually be a steal.

Anyone go this route and care to share?

They are all "one-off" leases. Standard lease rates and dealer has a calculate a residual which comes off a table of values by model and year. Generally CPO leases suck, but occasionally there are a few cars that happen to lease well.