When deciding to lease a vehicle, you must consider the residual value. This figure is a critical factor in determining your monthly payments. It can also impact whether you purchase the car at the end of the lease. The residual value is calculated based on historical demand for your chosen model and expected depreciation. The higher the residual value, the lower your monthly payments will be. For more information about the average residual value novated lease, click here. Low monthly payments The residual value of a car is a significant factor in determining the monthly payments on a novated lease. The value estimates what the vehicle will be worth at…