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What is Residual Value and How is it Calculated in a Lease?

Signing a lease can be an intimidating ordeal, especially if you aren’t familiar with all the lingo.

You don’t want to get bogged down by the terminology and calculations, and possibly end up unhappy with your lease negotiation.

At Boch Nissan South, we know how important it is to feel confident about the financial agreement of your leased vehicle, so let’s start with one of the most basic factors that go into calculating a lease: residual value.

What is it?

Residual value is the vehicle’s expected value at the end of your lease period.

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