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The residual value derives its calculation from a base price, calculated after depreciation. Residual values are calculated using a number of factors, generally a vehicles market value for the term and mileage required is the start point for the calculation, followed by seasonality, monthly adjustment, lifecycle, and disposal performance.
The residual is the difference between the observed value and the estimated value of the quantity of interest (for example, a sample mean). The distinction is most important in regression analysis , where the concepts are sometimes called the regression errors and regression residuals and where they lead to the concept of studentized residuals .
The salvageable or residual value is similar to a car's resale value, which is a car's value after depreciation or an asset's decrease in value over time. The leasing company or car dealership ...
Closed-end leases are so called because they run for a fixed term, and the lessor and lessee agree in the lease contract what the residual value of the property being leased will be. In most cases (particularly in retail motor vehicle leases), the lessee has an option to purchase the property for the agreed residual value at the end of the ...
Discover the difference between residual value vs. buyout in a lease contract and learn how to make a decision when your car's lease contract is near its end.
Terminal value (accounting), the salvage or residual value of an asset; Terminal value (finance), the future discounted value of all future cash flows beyond a given date; Terminal value (philosophy), core moral beliefs; Terminal value in Backus-Naur form, a grammar definition denoting a symbol that never appears on the left-hand side of the ...
Residual income is the money you have left after your bills are paid. Another term for it is discretionary income -- fitting, because residual income is yours to do with what you want. Ideally ...
Residual in the bankruptcy of insolvent businesses, moneys that are left after all assets are sold and all creditors paid, to be divided among residual claimants Residual (or balloon) in finance, a lump sum owed to the financier at the end of a loan's term; for example Balloon payment mortgage