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What is the residual value of a leased vehicle?
The residual value of a leased vehicle is the estimated worth of the vehicle at the end of the lease term. It is determined by the leasing company based on factors like the vehicle's make, model, expected depreciation, and market conditions. This value is crucial because it helps calculate the monthly lease payments, with lower residual values typically resulting in higher payments. Additionally, the residual value can influence the decision to purchase the vehicle at lease end.
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 is the primary factor that may the cause the residual value of a leases?
The primary factor that may affect the residual value of a lease is the expected market value of the asset at the end of the lease term. This is influenced by factors such as the asset's depreciation rate, condition, technological advancements, and market demand. Additionally, economic conditions and changes in consumer preferences can also impact residual values significantly. Accurate forecasting of these elements is crucial for both lessors and lessees to assess lease agreements effectively.
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 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
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
