Residual Values

The projected market value of a vehicle at the end of the lease, used to determine the cost of the lease at the time of negotiation.

 

Select a vehicle to obtain its residual value

Make:
Model:
Year:

2010 Toyota COROLLA 
4dr Sdn MT
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  24 months 36 months 48 months 60 months
MSRP $16,210  $16,210  $16,210  $16,210 
ALG Residual % 54  49  42  36 
ALG Residual Value $8,850  $8,000  $6,925  $5,900 
Money Factor 0.002868167  0.0029915  0.003015833  0.003092333 
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4dr Sdn AT
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  24 months 36 months 48 months 60 months
MSRP $17,010  $17,010  $17,010  $17,010 
ALG Residual % 55  49  43  37 
ALG Residual Value $9,400  $8,500  $7,375  $6,275 
Money Factor 0.002868167  0.0029915  0.003015833  0.003092333 
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4dr Sdn S MT
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  24 months 36 months 48 months 60 months
MSRP $17,915  $17,915  $17,915  $17,915 
ALG Residual % 51  46  40  34 
ALG Residual Value $9,275  $8,375  $7,275  $6,200 
Money Factor 0.002868167  0.0029915  0.003015833  0.003092333 
Payments Calculate Calculate Calculate Calculate

4dr Sdn S AT
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  24 months 36 months 48 months 60 months
MSRP $18,745  $18,745  $18,745  $18,745 
ALG Residual % 52  47  41  35 
ALG Residual Value $9,825  $8,875  $7,700  $6,550 
Money Factor 0.002868167  0.0029915  0.003015833  0.003092333 
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4dr Sdn LE AT
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  24 months 36 months 48 months 60 months
MSRP $18,010  $18,010  $18,010  $18,010 
ALG Residual % 56  50  44  37 
ALG Residual Value $10,125  $9,175  $7,975  $6,775 
Money Factor 0.002868167  0.0029915  0.003015833  0.003092333 
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4dr Sdn XLE AT
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  24 months 36 months 48 months 60 months
MSRP $18,960  $18,960  $18,960  $18,960 
ALG Residual % 55  50  44  37 
ALG Residual Value $10,625  $9,625  $8,375  $7,125 
Money Factor 0.002868167  0.0029915  0.003015833  0.003092333 
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4dr Sdn XRS MT
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  24 months 36 months 48 months 60 months
MSRP $20,355  $20,355  $20,355  $20,355 
ALG Residual % 53  47  41  35 
ALG Residual Value $10,800  $9,750  $8,450  $7,200 
Money Factor 0.002868167  0.0029915  0.003015833  0.003092333 
Payments Calculate Calculate Calculate Calculate

4dr Sdn XRS AT
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  24 months 36 months 48 months 60 months
MSRP $21,545  $21,545  $21,545  $21,545 
ALG Residual % 52  47  41  35 
ALG Residual Value $11,350  $10,225  $8,875  $7,550 
Money Factor 0.002868167  0.0029915  0.003015833  0.003092333 
Payments Calculate Calculate Calculate Calculate

Data supplied by ALG

Money factor is not an annual percentage rate. In a lease, the lease company uses the "money factor" — an arbitrary fractional number, such as .0042 — to calculate the lease charge or fee. The monthly payment combines the resulting fee with the depreciation charge (the total value the car loses over the term of the lease divided by the number of monthly payments). To better understand the money factor, multiply it by 2,400 to arrive at a more typical APR; this calculation will be slightly above the equivalent APR that the money factor represents. This percentage is more useful in comparing leases with each other than with loans, however, because it doesn’t account for all fees and only loans build equity. For example, a rate of 9.84% [.0041 x 2,400] on a lease, while lower, is not necessarily a better deal than a 10.4% APR on a loan, all other factors being equal.