Residual Values / Total Cost of ownership model

I am trying to do an exercise for work.

Currently, the company I work for purchases all out sales reps cars via finance lease. I am trying to compare the cost of this vs using a fleet management company / operational lease.

In order to do this, I am trying to build some sort of total cost of ownership model. The figure that is catching me out and obviously has a major effect on the outcome is the residual value of the car.

I am wondering, do any of you people out there on aam have such a model or have somewhere I can get the residual value of the cars in question after 3 years / 100k miles?

Thanks in advance!

Did you look in some of the car buyers magazines,exchange and mart,car buyers guide etc? They have a column"percentage value of car after 3 yrs" Its usually a percentage of the original purchase price.A very interesting figure too!!

Buy a copy of What Car magazine. They have a section on car residuals as described by Caff at the back. It is UK based but the figures should be a close enough approximation.

Thanks for the replies folks. I checked the whatcar website and it gives a residual value for 3 years / 36,000 miles. However, most of our drivers will have racked up 100k + miles over the 3 years.

Anyone know what would be a good factor to reduce the residual quoted by whatcar for this higher mileage??

Thanks again!

You could use the revenue VRT calculator, plug in the car, spec, miles and for a car 3 years old (if the model has been around that long).

I've found it accurate for run of the mill cars (where they aren't being loaded due to the number of imports such as BMWs).

https://www.ros.ie/VRTEnquiryServlet/showCarCalculator