So...how much will our cars be worth in five years?

[themanfromvlad]

Just curious as to what the residual value of a 2007 Versa in five years will be. Any thoughts?

[tama48]

Not Much! Maybe $4,000-$5,000.

[Scuba Steve]

Go to Nissan site at http://www.nissan.ca/en/buying...t.asp

then choose your options etc, pick your province and then click customize your payments tab then another window opens and you choose your term and presto they give you your residual value or your value of your car in what ever years you pick 1 to 6 years or choose all tab. That's it!!

Scuba

[jacksan1]

Be careful when using the residual value provided by the auto manufacturers. They tend to artitificially jack up the residual in order to lower the lease payments to attract more business. The actual, or the market-driven, residual is almost always lower than the residual set in the context of a lease. The lease residual may be, for instance, $7000 at the end of a four-year lease, but given all other things equal, the market residual (the actual value that the market is willing to pay) can be significantly lower (e.g. $5,000) if your car is not popular in the used-car market.

For a brand-new model like the V, that remains to be seen.

[Ever Victorious]

Also, if the used car market keeps up its free-fall like it's in now, that will only hurt resale value in the future.