Lease
Residual value
The residual value is the estimated value of the vehicle at the end of the lease, set by the lessor. It determines the depreciation portion of your payment. It is an explanatory item and is generally not negotiable. A higher residual lowers your monthly payment. Details may vary by lessor, term, and mileage.
Want this done for you?
Upload the quote and Lotly does the reading, the math, and the flags — then drafts what to send back. Or see how we can negotiate the deal for you.
More in Lease
Lotly provides educational information, document organization, calculations, and negotiation-drafting assistance. It is not legal, tax, investment, financial, credit, or lending advice. We do not determine whether any charge is lawful or whether any offer is appropriate for you. Confirm all vehicle condition, availability, incentives, fees, financing, lease terms, and contract documents directly with the dealer and relevant professionals before signing.