It’s beneficial to be armed with information that’s unique to a new vehicle lease before making a decision. This article discusses what’s involved in leasing a new car or truck. Instead of making comparisons to buying a new vehicle versus leasing a new vehicle, this article will examine the unique features of a lease and how to get the best deal possible.

The Residual Value and a New Vehicle Lease

The residual value is basically an estimate of what the vehicle will be worth at the end of the lease terms. The manufacturers suggested retail price (MSRP} and the residual value both have an affect on the total monthly payments. Naturally a lower MSRP will result in lower monthly payments. A higher residual value will also help to lower the monthly payments.