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Auto Industry News - Canada

Entries in Canadian Residual Value Awards (2)


ALG announces Canadian Residual Value Awards

Generally speaking you want a car that has a high residual value. Why you ask? Well, if you lease your vehicle it means that your lease payments will be lower since the car is worth more at the end of the lease term. If you purchase your vehicle it means it’ll be worth more when it comes time to sell it. According to Geoff Helby of ALG, "Residual value is a complete indicator of value, taking into account quality, durability and brand desirability."

In the 4th annual Canadian Residual Value Awards, Subaru and Infiniti walked away with top honours for mainstream and luxury brands, respectively. Which individual models came away as winners in their respective categories? Find out after the jump.

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ALG announces Canadian residual awards

ALG, the organization responsible for the "Automotive Lease Guide" has announced their first ever Canadian Residual Value Awards.

Previous lists have been U.S. only but due to the differences in the Canadian auto industry they are now issuing awards specifically Canada.

The awards honour the vehicles and brands with the best projected value after the end of a conventional retail lease. High residuals usually mean the vehicles are more reliable, durable, and desirable down the road.

So who are the winners?

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