Trade-in value is the same as the residual value.

Name: Trade-in value is the same as the residual value.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The residual value is the estimated value of the vehicle at the end of the lease term. The trade-in value is the amount that the dealer will give you for the vehicle at the end of the lease term. Since the residual value and the trade-in value are both estimates of the vehicle's value at the end of the lease term, they are typically very close to each other.

Trade-In Value Is the Same as the Residual Value