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What is a guaranteed residual value and un-guaranteed residual value in lease?
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Why did it take so long for the EV1 to lease?
When leasing a vehicle it will have a residual value at the end of the lease. In the case of the EV1 it was such a horrific car it's residual value at lease end would be non existent. This car is one of the top 50 worst cars ever produced.
What describes the term residual value?
the amount a car is said to be worth at the end of the lease
Which type of lease does not require the customer to pay any extra money if the residual value is lower than expected at the end of term?
closed ended lease
What type of lease does not require the customers to pay any extra money if the residual value is lower than expected at the end of the term?
closed ended lease
What type of lease could result in the customer paying hundreds or thousands of dollars if the residual value is less than expected at the end of the term?
Open ended lease
Which type of lease could result in the customer paying hundreds or thousands of dollars if the residual value is less than expected at the end of the term?
open-ended lease :) A+
What is residual based financing?
Residual based financing. I've never heard it worded like that, however being that I worked in the auto business and I understand financing it sounds like a Lease type of financing option. Monthly payments on a lease are determined by several factors one of which is the residual or (end) value of a vehicle taking mileage, condition and forecasted future value of the car into consideration.
In Accounting what does Residual value mean?
Residual value estimates how much an asset is worth at the end of its productive life. This value is calculated by the lending institution prior to a lease or loan on an item. It is based on past and future predictions and is the key way of determining a payment schedule.
Can a leased car be used as collateral?
Not really. There is no residual value assigned to the leasee, so there is nothing to foreclose on. At the end of the lease you have nothing.
Which of these describes the term residual value?
f*** you learn how to answer my questions you dumb a** web site
What is the typical lease time for a Cadillac Cts?
Typical lease time for a Cadillac CTS is 36 months. Your monthly lease payment depends on the price you negociate, the term (months), the lease-end residual value and the money factor (some form of interest) which depends on your credit score.
Calculate the residual value of a 10999 car at the end of a two-year lease if it depreciates 10 the first year and 20 the second year?
7919.28
