How do finance companies calculate (predict) what the residual value to put in a lease?
How do finance companies calculate (predict) what the residual value to put in a lease?
ex: After 2 year lease RV is $20,000. Regardless of what the agreed upon price was, what calculations do the companies use to decide on $20,000?
ex: After 2 year lease RV is $20,000. Regardless of what the agreed upon price was, what calculations do the companies use to decide on $20,000?
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kyfdx Moderator Posts: 260,432
The residual value is a percentage of the full MSRP. That percentage is determined by the leasing bank.LiverX44 said:How do finance companies calculate (predict) what the residual value to put in a lease?
ex: After 2 year lease RV is $20,000. Regardless of what the agreed upon price was, what calculations do the companies use to decide on $20,000?
How do they decide? History and experience.Edmunds Price Checker
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What difference does it make to you - you can't change the residual.
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