Complimentary NY Metro Delivery + Total Loss Protection Available • See How It Works

Just Text Us

(201) 815-8216

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.

See all FAQs