- The average leased vehicle from the 2019 model year is now worth $7,208 more than its projected lease-end value, aka "residual value."
- The big winner is the Ford Mustang, which on average is worth a whopping $11,852 more today than what was projected in 2019.
- Of course, car prices in general have gone wild since 2019, but if you signed your lease before the pandemic hit, chances are you've got some bonus money in your pocket.
Average Leased Car Now Worth $7K More Than Expected
If you leased a 2019 vehicle, your timing was impeccable
- by Josh SadlierDirector of Content StrategyJosh Sadlier has worked in the automotive industry since 2008. He has written or edited thousands of expert car reviews and road-tested hundreds of vehicles over the course of his career. Josh is director of content strategy at Edmunds and has also contributed to Autotrader and Automobile. Under his stewardship, Edmunds' own 1989 Yugo GVL won first place at the Concours d'Lemons, taking home a jar of borscht, a can of beets, a cutting board and a pint of VIP vodka.
- March 2nd, 2022
Since when did leasing a car add up to money in your pocket? Well, since COVID, apparently, because if you leased a vehicle from the 2019 model year, it's now worth an average of $7K more than automakers projected it would be worth back then.
According to an Edmunds market analysis, the average leased 2019 vehicle is worth $7,208 more today than the residual value in the lease — and in case you didn't know, the residual value is the price that you have a right to buy the car for at the end of the lease. So, if your lease is about to expire, you can buy the car and likely resell it at a handsome profit. And even if you've got months left on your lease, you might be able to get a lease buyout that still leaves you comfortably in the black.
Top 25 leased cars: Residual value vs. trade-in value
Here are the top 25 leased vehicles from the 2019 model year that have higher trade-in values now than residual values. The vehicles are ordered by the percent difference between today's trade-in value and the original residual value.
Leased Vehicles With the Greatest Difference in 2022 Trade-in Value vs. Original Estimated Residual Value
(2019 model year, sorted by Difference in Percent)
 | |||||
|---|---|---|---|---|---|
Make | Model | 2019 Residual | 2022 Trade-In Current Actual Cash Value | Difference in Dollars | Difference in Percent |
| Ford | Mustang | $17,363 | $29,215 | $11,852 | 68% |
| Toyota | Sienna | $21,641 | $33,066 | $11,425 | 53% |
| Chrysler | Pacifica | $20,752 | $31,376 | $10,624 | 51% |
| GMC | Yukon | $36,831 | $54,500 | $17,669 | 48% |
| Chevrolet | Tahoe | $33,209 | $49,101 | $15,893 | 48% |
| Jeep | Grand Cherokee | $22,408 | $32,973 | $10,565 | 47% |
| Lexus | IS 300 | $21,653 | $31,521 | $9,868 | 46% |
| Toyota | Avalon | $21,474 | $31,087 | $9,613 | 45% |
| Honda | Odyssey | $22,927 | $32,797 | $9,870 | 43% |
| Toyota | 4Runner | $27,655 | $38,983 | $11,327 | 41% |
| Lexus | ES 350 | $25,519 | $35,854 | $10,334 | 40% |
| Volkswagen | Atlas | $24,333 | $34,056 | $9,722 | 40% |
| Cadillac | XT4 | $24,599 | $34,149 | $9,550 | 39% |
| Dodge | Durango | $24,791 | $34,401 | $9,610 | 39% |
| Land Rover | Range Rover Sport | $49,947 | $69,293 | $19,346 | 39% |
| Genesis | G70 | $23,344 | $32,284 | $8,940 | 38% |
| Cadillac | Escalade | $45,182 | $60,988 | $15,806 | 35% |
| Ram | 1500 | $29,256 | $38,575 | $9,319 | 32% |
| Audi | Q7 | $36,671 | $47,589 | $10,918 | 30% |
| Toyota | Tundra | $31,940 | $41,213 | $9,273 | 29% |
| Lexus | GX 460 | $34,032 | $43,589 | $9,557 | 28% |
| Lexus | RX 350L | $31,984 | $40,913 | $8,929 | 28% |
| Volvo | XC90 | $36,730 | $45,620 | $8,890 | 24% |
| BMW | X5 | $42,131 | $51,911 | $9,781 | 23% |
| Ford | Expedition | $41,789 | $51,091 | $9,302 | 22% |
Edmunds says
If you leased a 2019 vehicle, here's to perfect timing! Now, put that lease equity to good use and head into today's wild marketplace with a lot more money in your pocket than you expected. For more on how to turn your lease into cash, check out our full article with step-by-step instructions.
by Josh SadlierJosh Sadlier has worked in the automotive industry since 2008. He has written or edited thousands of expert car reviews and road-tested hundreds of vehicles over the course of his career. Josh is director of content strategy at Edmunds and has also contributed to Autotrader and Automobile. Under his stewardship, Edmunds' own 1989 Yugo GVL won first place at the Concours d'Lemons, taking home a jar of borscht, a can of beets, a cutting board and a pint of VIP vodka.