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hi guys Joel Nickerson Butler Ford with one more video for you coming out of our leased video series the question that we pulled off of Google for todays video is what is the residual value and how does it affect the monthly payments so the residual value is also the lease end value thats a percentage of the MSRP that the vehicle is going to be worth at the end of the lease so simple math $50,000 car 50% residual and the lease car is worth $25,000 thats also what you can purchase the vehicle for okay how does that affect the monthly payment well the higher the residual the less youre depreciating the vehicle so the less you depreciating the vehicle the less you pay so if youre looking at a lease this is where it gets a little bit interesting at times one vehicle may have a 50% residual but maybe a vehicle with a little more content or a little less contact tons of content may have a higher residual so if youre looking at a vehicle with a 60% residual versus a 50% residual your d