Kasey and Green Light Auto Credit did a fantastic job in helping us a great car!
Residual value is determined by multiplying the MSRP by the estimated depreciation value. For example if your car is originally valued at $20,000 and the depreciation is 50%, then the residual value would be $10,000.
It is especially important to know your a car’s residual value when leasing. If the car has a low depreciation rate your monthly payments will be lower and at the end of the lease the residual value will be higher. This is important to know if you are considering purchasing the vehicle at the end of the lease.
Whether you intend to purchase or lease your next car Green Light Auto Credit is here to help you make an informed decision. Our auto finance experts can assist you in securing the financing that suits your needs, no matter what kind of credit you may have. Call us at (800) 200-5551 if you have any questions or apply for financing online.