Running Cost Terms

Please read these before using our running costs

Future residual value definition

Estimates of future residual values are provided by Glass's Information Services.

The residual value represents the anticipated future price paid for a car by a trade buyer who is intending to offer the car for retail sale.

Not all vehicles will have a future residual value. For example, cars outside the age and mileage ranges, some specialist or limited edition vehicles, vehicles in short supply or rare vehicles will not have a value. Values are also excluded for cars under six months old and those over 60 months.

In forecasting future values information Glass's will use all reasonable skill and care but does not warrant the accuracy of any particular figure which should be treated as a guide only.


  1. Condition is defined as what is 'reasonable' having regard to age and mileage.
  2. A full service history and one or two registered owners from new is assumed.
  3. Any abnormal repairs will have been carried out to the manufacturer's standards. Where more extensive damage repairs have been completed and potential buyers are made aware of the fact, prices will be adversely affected.
  4. Values are usually standard production models. There are cases where values will include commonly specified optional extras if they significantly influence the resale price.


The Econometrics are provided by LMC Automotive Services (part of JD Power), and the data provides assumptions on Annual Interest Rates (Gross Interest Rate, net of inflation) and changes in the Gross Domestic Product (GDP). GDP is the measure of the British economy, and is the value of goods and services produced during a period of time.