Driver concerns

Residual value

Residual value is the expected or actual value remaining in a vehicle after a defined period of ownership, lease or finance. It is the value used when estimating how much of the original purchase price has been lost. Leasing and finance models can use a forecast residual value when setting payments. The eventual used-market value can differ because vehicle condition and market demand change. For EVs, battery health, charging capability and remaining warranty can influence residual value alongside the same age, mileage and condition factors that affect other vehicles.