We had a caller last weekend who was confused about residual values on a lease, and whether that amount could be negotiated at the beginning or end of the lease. One of the problems with the car business is that it has its own language, and often people in the car business use their internal terms when talking to consumers.  Most people today know that “upside down” means they owe more on their car than its value, but not too many years ago, it was a bit of a mystery term. Car leasing has a language all its own, too.  I am going to … Continue reading Car Leasing Has Its Own Language