How Does Residual Value Work With a Lease
How Does Residual Value Work With a Lease
All of Your Leasing Needs are Here at Bedford Chrysler Dodge Jeep Ram
All of your leasing and residual value questions can be answered right here at Bedford Chrysler Dodge Jeep Ram! We're located in Bedford Hills, New York, right off N Bedford Road. We're close to the Saw Mill River Parkway, providing you with easy access so you can get all of your answers from a dealership that cares about you! We have many customers who ask us more about leasing, and what it means when we talk about residual value in terms of cars and leasing specifically. There is always going to be a lot to consider when making your next big decision with a car, and it's our job at Bedford Chrysler Dodge Jeep Ram to be the place you can always turn to. If you want to know what we mean by residual value with leased cars, you are more than welcome to keep reading below, and we'll be here to help you out!
What does residual value mean when I lease a car in Bedford Hills?
The first question you're going to have for us is what exactly we mean when we say residual value. We couldn't be happier that you asked! This is an opportunity for us to make sure you are knowledgeable about every aspect of leasing so you can make the best decision for your life without feeling confused or overwhelmed. Residual value, which shows up in lease contracts, is the value that your vehicle is anticipated to be worth at the end of your lease. This is how it is determined what kind of monthly lease payments you'll be making, and the price you end up paying if you decide to purchase your leased vehicle is the residual value! That means that you have the opportunity to get a great deal when you purchase your leased vehicle with a value that fits your needs.
How is the residual value of a vehicle determined?
- Reliability: One of the biggest determining factors for the residual value of your vehicle is the reliability ratings that come with it. The higher the reliability rating, the less often you will have to worry about things like malfunctions or repairs that can be costly. When a car has a lower rating, that means it's more likely to cost you money when it comes to big repairs that you would otherwise want to avoid. Always look at the reliability score of a car!
- Resale value: How is the resale value of a car determined? This usually means that these are cars that tend to have less depreciation than other models on the market. Our dealership can assess this for you, especially when it comes to looking at past models and seeing how they have managed to keep their value. The higher the value, the higher the residual value will be, too.
- Economic factors: Something we always have to mention when it comes to the value of any car is how the economy is currently doing. When the economy is growing, that means the residual value of your leased vehicle will likely increase, too! However, if there is any kind of downturn, the residual value may also follow and be lower than anticipated. It's always important to pay attention to the world around you!
Did the Jeep Wrangler just win a residual value award?
Yes! A car that we highly recommend to customers, especially when it comes to value, is the 2026 Jeep Wrangler. This model just earned the Top Compact Utility Vehicle Honors, which are given out in the J.D. Power 2026 U.S. ALG Residual Value Awards. This is a highly prestigious award that is handed out annually for vehicles that are predicted to retain their value the most over 3 years. Some of the reasons for the Wrangler's win?
- Capability
- Authenticity
- Long-term value
That's all we need to know when it comes to finding the right car to lease, and to maybe even buy once that lease is over. Who doesn't love a car that is able to not only keep up with the competition, but prove itself as a worthy investment for the future? Anyone who wants a ride that will be able to keep up its residual value will want to find out more about the Wrangler inventory we have available here at Bedford Chrysler Dodge Jeep Ram.
Lease Your Next Wrangler Right Here at Bedford Chrysler Dodge Jeep Ram
Your chance to find your perfect lease is right here at Bedford Chrysler Dodge Jeep Ram. Not only do we have the top lease deals around, but we have the kind of Wrangler inventory that allows you to really figure out the right one for your needs. We can discuss with you more about monthly payments, residual value, and more when it's time to start signing the paperwork. You deserve a car that you can not only rely on, but also feel satisfied financially when you start to invest in it. Our team couldn't be more excited to watch you begin this journey. For more questions about residual value, leasing, and the Wrangler, use the form below!
* MSRP is the Manufacturer's Suggested Retail Price (MSRP) of the vehicle. It does not include any taxes, fees or other charges. Pricing and availability may vary based on a variety of factors, including options, dealer, specials, fees, and financing qualifications. Consult your dealer for actual price and complete details. Vehicles shown may have optional equipment at additional cost.
* The estimated selling price that appears after calculating dealer offers is for informational purposes, only. You may not qualify for the offers, incentives, discounts, or financing. Offers, incentives, discounts, or financing are subject to expiration and other restrictions. See dealer for qualifications and complete details.
* Images, prices, and options shown, including vehicle color, trim, options, pricing and other specifications are subject to availability, incentive offerings, current pricing and credit worthiness.
* In transit means that vehicles have been built, but have not yet arrived at your dealer. Images shown may not necessarily represent identical vehicles in transit to your dealership. See your dealer for actual price, payments and complete details.
Max payload/towing estimate ratings shown. Additional options, equipment, passengers, and cargo weight may affect payload/towing weights. See dealer for details.