How do you know it’s time to trade in your current vehicle for a new one? Should you trade in your car every five years? We’ve listed a few questions to ask yourself to help you decide.... Read More.
Residual value is an auto industry term for what most of us call a vehicle’s resale value. It’s a calculation of what a car is worth at a given time after it’s purchased new, and is usually expressed as a percentage of the original MSRP.... Read More.
A vehicle’s residual value is a useful tool for new-vehicle buyers and lessees, who would be wise to be concerned with the rate of depreciation, since it determines what their car or truck will be worth after several years of ownership.... Read More.