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Blog Category: ALG

ALG Announces Annual Residual Value Awards

ALG Residual Value Award

In a recent post, we raised the issue of understanding the importance of resale value when choosing a vehicle. It’s not all about purchase price, after all.

Now we’re going to give you even more info on that, with an added bonus lesson: Don’t rely on only one source for your data. Our previous article focused on Kelley Blue Book’s Resale Value Awards. This time we’re looking at ALG’s Annual Residual Value Awards.

While there is some overlap between the two lists, there are some important differences, particularly when it come to their overall brand awards. These differences could change your mind or validate your choices.

ALG's 2011 Residual Value Award Winners

One of the most complex concepts consumers will encounter when trying to decide if buying or leasing is the best option for them, is “residual.”

What is residual value?

This number is the projected market value of a vehicle at a given point in time in the future.

So, when it comes to leasing, the residual value is used to help calculate how much a vehicle will depreciate (lose value) during the lease period…and thus how much the consumer should pay every month to lease the vehicle now.