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 PRIUS 
5dr HB I
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  24 months 36 months 48 months 60 months
MSRP $22,160  $22,160  $22,160  $22,160 
ALG Residual % 63  57  49  42 
ALG Residual Value $14,200  $12,675  $11,025  $9,475 
Money Factor 0.002868167  0.0029915  0.003015833  0.003092333 
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5dr HB II
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  24 months 36 months 48 months 60 months
MSRP $23,560  $23,560  $23,560  $23,560 
ALG Residual % 60  53  47  40 
ALG Residual Value $14,250  $12,725  $11,075  $9,525 
Money Factor 0.002868167  0.0029915  0.003015833  0.003092333 
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5dr HB III
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  24 months 36 months 48 months 60 months
MSRP $24,560  $24,560  $24,560  $24,560 
ALG Residual % 60  53  46  40 
ALG Residual Value $14,800  $13,225  $11,525  $9,900 
Money Factor 0.002868167  0.0029915  0.003015833  0.003092333 
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5dr HB IV
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  24 months 36 months 48 months 60 months
MSRP $27,360  $27,360  $27,360  $27,360 
ALG Residual % 57  51  45  38 
ALG Residual Value $15,750  $14,075  $12,300  $10,575 
Money Factor 0.002868167  0.0029915  0.003015833  0.003092333 
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5dr HB V
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  24 months 36 months 48 months 60 months
MSRP $28,830  $28,830  $28,830  $28,830 
ALG Residual % 55  49  43  37 
ALG Residual Value $15,925  $14,225  $12,425  $10,700 
Money Factor 0.002868167  0.0029915  0.003015833  0.003092333 
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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.