Residual value is the estimated value of an asset at the end of its useful life. It's used to figure out things like the value of a car at the end of a lease or how much equipment is worth after it's ...

Black Book explained in a news release that this 10-year residual offering can provide finance companies, dealer groups, insurance companies and fleets the ability to more precisely value their older, ...

Fitch Ratings looked at electric vehicles through the prism of auto asset-backed securities (ABS) transactions. Analysts believe softening EV demand and corresponding price reduction strategies will ...

Ally Financial rapidly expanded its electric vehicle leasing business after receiving a 50 percent residual value guarantee from an unspecified automaker during the first quarter. Leases, not loans, ...