If you're thinking about leasing a car, you might hear the term residual value come up a few times. But what is residual value, and why is it so important? Simply put, the residual value or ...
“Accurately forecasting residual values in the auto industry is a key factor in assessing an estimated $225 billion lease portfolio of vehicles in the United States,” said Eric Lyman, vice president ...
Ally Financial rapidly expanded its electric vehicle leasing business after receiving a 50 percent residual value guarantee from an unspecified automaker during the first quarter. Leases, not loans, ...
Customers who leased a 2020 Chevy Bolt EV may want to recheck their options before returning their vehicle at the end of the lease, as a new report indicates that the 2020 Chevy Bolt EV currently ...
Car depreciation is one of the biggest costs that you will incur when buying a car. The well-known cliche is that a car will lose a significant portion of its value the moment it's driven off of the ...
I talk a lot about resale value and the importance of that. Residual values are a good predictor of future resale value. The higher the residual, the higher likelihood of good resale down the road.