Home > Term: residual value
residual value
The lease-end value of the vehicle set at lease inception by the lessor. It's usually calculated as a percentage of the MSRP. This is a component of the payment calculation.
- Part of Speech: noun
- Industry/Domain: Automotive
- Category: Automobile
- Company: Toyota
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Creator
- Jessehe
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(V.I.P) 32013 points - 40.13% positive feedback
