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What is residual value on a car lease?

Residual value is the projected worth of a vehicle at the end of a lease term, expressed as a percentage of MSRP. If a $50,000 car has a 60% residual after 36 months, the leasing company expects it to be worth $30,000 at lease end. You pay for the depreciation between the selling price and the residual value, which is why a higher residual means a lower monthly payment.

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Fantastic to work with. Everyone on the team was great. They personally worked with us on pricing and model requests. Can’t recommend Vantage enough.

Fantastic to work with. Everyone on the team was great. They personally worked with us on pricing and model requests. Can’t recommend Vantage enough.

Ken Hurd

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I had an amazing experience working with Mark Viegas! He helped me get a leased vehicle without ever having to step foot in a dealership. Mark handled all the negotiations, worked within my down payment and monthly budget, and made the entire process stress-free. The best part — he even had the car delivered right to my home! I couldn’t be happier with how smooth and easy everything was. Highly recommend Mark if you want a professional who truly takes care of everything from start to finish.

I had an amazing experience working with Mark Viegas! He helped me get a leased vehicle without ever having to step foot in a dealership. Mark handled all the negotiations, worked within my down payment and monthly budget, and made the entire process stress-free. The best part — he even had the car delivered right to my home! I couldn’t be happier with how smooth and easy everything was. Highly recommend Mark if you want a professional who truly takes care of everything from start to finish.

Jessica

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The Best Hands Down!

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We purchased a 2026 Volvo through the Vantage Group. From the first contact with David every interaction was done with the utmost professionalism. David kept us up to date during our search which involved several changes. I thoroughly recommend this group and will tell my friends to take advantage of David and his group.

We purchased a 2026 Volvo through the Vantage Group. From the first contact with David every interaction was done with the utmost professionalism. David kept us up to date during our search which involved several changes. I thoroughly recommend this group and will tell my friends to take advantage of David and his group.

don moscato

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Super streamlined way to purchase a car.Very professional and easy to work with.

Super streamlined way to purchase a car.Very professional and easy to work with.

Jason Levy

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process could not have been easier, everyone should get their car this way - save yourself time and money and the team is great!

process could not have been easier, everyone should get their car this way - save yourself time and money and the team is great!

Jamie Tanker

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Sean and the team are fantastic, and make a complicated process really easy. Not to mention they got us a lease deal on our new jeep at a better price than what we’ve been paying the last 4 years… can’t thank them enough!

Sean and the team are fantastic, and make a complicated process really easy. Not to mention they got us a lease deal on our new jeep at a better price than what we’ve been paying the last 4 years… can’t thank them enough!

Karlyle Saur

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I’ve never used a broker to buy a car before and honestly, I was skeptical. But after this experience, I’ll never step foot in a dealership again. I have a demanding job with very little free time, so I simply texted David exactly what I wanted—and that was it. The entire process happened while I was in back-to-back work meetings. I never even had to pick up the phone! It was completely stress-free and I couldn’t be happier with my Maserati Grecale!

I’ve never used a broker to buy a car before and honestly, I was skeptical. But after this experience, I’ll never step foot in a dealership again. I have a demanding job with very little free time, so I simply texted David exactly what I wanted—and that was it. The entire process happened while I was in back-to-back work meetings. I never even had to pick up the phone! It was completely stress-free and I couldn’t be happier with my Maserati Grecale!

Kelly Winch

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Outstanding experience from beginning to end. Hard to beat excellent customer service and attractive prices. Highly recommend.

Outstanding experience from beginning to end. Hard to beat excellent customer service and attractive prices. Highly recommend.

Hank D'alessandro

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