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RV value, or Residual Value, refers to the estimated worth of an asset at the end of its useful life or lease term. In the context of vehicles, it represents the expected market value after depreciation. This figure is crucial for leasing agreements and helps determine monthly payments, as it reflects how much the vehicle is anticipated to be worth when the lease concludes. Understanding RV value aids consumers in making informed financial decisions regarding leasing or purchasing assets.

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3mo ago

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