Glossary / General

residual

12 Episode Mentions

Too Afraid to Ask

The residual is the “expected value” of the car at the end of your lease. It helps set your monthly payment and also often becomes the price you pay if you buy the car.

Technical Definition

In leasing, the residual is the estimated value of the car at the end of the lease term. It directly affects your lease payment and the buyout price—if the residual is set too high, the buyout can be more expensive than market value.

Hear It Discussed

"Yeah, if somebody's asking 100 grand, there's set 25 grand to the engine where there's probably 35 grand with the bodywork, where you ain't been getting a donor car for that residual."
Air-Cooled Porsche Masterclass: Buying & Ownership Secrets with Adrian Crawford 9WERKS Radio : The Porsche and Car Podcast 55:07

"Well, there's a lot of things missing. How about the residual percentage? What is the residual percentage?"
YOUR Car Questions Answered | Q&A With a Former Car Dealer | Episode 1106 CarEdge Live 17:04

"it is the point of me bringing up this market thing is, because I'm shopping, I'm seeing all this stuff as a residual of my searches."
The Floor Keeps Rising P-Car Talk Podcast 56:35