What Determines the Residual Value of a Leased Vehicle?
Shawn Ryder
JANUARY 20, 2024
Well, it’s the estimated worth of the vehicle at the end of the lease term. Second, it affects the buyout price if you decide to purchase the car at the end of the lease. And third, dealerships use residual value to calculate lease terms and negotiate prices. But what exactly is residual value?
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