R - Residual/retained values

05 June 2006

Residual/retained values - This is how much a car is worth after a given period of time on the road. A residual or retained value of 30% over three years means that 70% of the original value has disappeared - good news for used car buyers.

This loss in value is almost always the single biggest expense in running a car. Premium brands or those in short supply tend to have stronger residual values. (See Depreciation).

For whatcar.com's guide to contract hire and leasing click here

Haymarket Logo What Car? is brought to you by Haymarket Consumer Media
What Car? is part of Haymarket Motoring
© Haymarket Media Group 2016