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In response to
"if you're leasing, what does residual value matter?"
by
wheezy
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Your lease payment is calculated based on the residual. The lease payment includes the depreciation cost (selling price - residual at the end lease) +
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the interest rate for the lease.
So the higher the residual, the less your lease payment is. Because the car will be worth more later and the dealer will sell it for me.
American cars typically have a residual of about 40-45% after 3 days.
Some Japanese cars have a residual of 55% after 3 days.
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Responses:
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