Estimate your vehicle's residual value at the end of your lease term. Understand how mileage, vehicle type, and lease length affect the buyout price.
Residual value is the estimated worth of your vehicle at the end of the lease term, expressed as a percentage of the MSRP. This value determines your lease payments and the buyout price if you choose to purchase the vehicle. Higher residual values mean lower monthly payments but a higher buyout price. Typical residual values range from 45% to 65% depending on vehicle type, with luxury vehicles generally retaining more value than economy cars.