# Residual value

> Estimated value of the vehicle at the end of its useful life or lease term.

**URL:** https://quilometragem.com/glossary/residual-value

**Summary:** Estimated value of the vehicle at the end of its useful life or lease term.

- Residual value is the estimated value of the vehicle at the end of useful life (typically 5 years) or at lease end.
- It drives depreciation and therefore cost per km.
- Models with strong residuals (Toyota, Honda) lower total ownership cost — smart fleets weigh residual when buying, not just sticker price.

Residual value is the estimated value of the vehicle at the end of useful life (typically 5 years) or at lease end. It drives depreciation and therefore cost per km. Models with strong residuals (Toyota, Honda) lower total ownership cost — smart fleets weigh residual when buying, not just sticker price.