Last October, Ford Authority reported on the 2022 Ford Bronco residual values for all models in the lineup, though those figures for the all-new 2022 Ford Bronco Everglades and Ford Bronco Raptor were not yet available at the time. Now both of these vehicles have landed on the Bronco’s build and price site, Ford Authority has obtained the lease residual values for the special-edition models, along with updated values for the remainder of the 2022 Bronco lineup, which are good through the end of Q1 2022 for 15,000-mile leases.
|Advanced Big Bend||66%||61%||60%||56%|
|Advanced Black Diamond||61%||56%||55%||51%|
|Advanced Outer Banks||59%||54%||53%||49%|
|Advanced Big Bend||72%||67%||66%||62%|
|Advanced Black Diamond||68%||63%||62%||58%|
|Advanced Outer Banks||66%||61%||60%||56%|
Compared to last fall, overall 2022 Bronco residual values are a bit lower this time around, but 2022 Ford Bronco Everglades and Bronco Raptor values are notably worse than the rest of the lineup, in some cases considerably so. Residual values typically decline as the term gets longer and in this case, the Everglades and Raptor’s values are the lowest of any four-door model, while the lower-level Base and Big Bend trims offer the highest percentages.
Lease residual values are useful for lessees as they can indicate whether or not a vehicle is a good deal, and can also be used to determine how much a monthly payment will be. Lessees essentially pay the difference between the purchase price and a vehicle’s residual value went the lease ends, divided by the term of the lease, and are also useful for those that plan to purchase the vehicle once the lease is up – a popular move in today’s world of inflated used vehicle prices.
As Ford Authority previously reported, the 2021 Ford Bronco touted higher residual values than its rivals, while the 2022 Ford F-150 Lightning doesn’t present as good of a deal for lessees, particularly since they won’t be able to take advantage of the current federal tax credit. Meanwhile, most Blue Oval customers opted to lease in Q4 of 2021, as lease deals have become harder and harder to find.