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Car leasing is a popular alternative to buying a car. It allows drivers to get behind the wheel of a new car without the commitment of purchasing one. When leasing a car, several factors impact the monthly payment, including the car’s residual value. In this article, we’ll take a closer look at Subaru car lease residual value and how it affects your payment.
What Is Residual Value?
Residual value is the estimated value of a car at the end of the lease term. It is the value of the car that the leasing company expects it to have at the end of the lease based on the depreciation rate of the vehicle. The residual value is determined by the leasing company, and it can vary depending on several factors, including the make and model of the car, the length of the lease term, and the anticipated mileage.