DETROIT -- The redesigned 2014 Chevrolet Silverado and GMC Sierra now arriving in showrooms sport sharply stronger resale values than the models they replace.
ALG, a research company that monitors and projects vehicle values, assigned a forecasted residual value of 55 percent after 36 months for the crew-cab Silverado, and 56 percent for the Sierra. That compares with a 47 percent rating for the 2013 Silverado and 46 percent for the 2013 Sierra.
The 2014 models are a year newer. But even on an apples-to-apples basis, ALG says the redesigned trucks have much stronger resale values than those of their predecessors and are higher than those of all rivals in the full-sized pickup segment, except the Toyota Tundra.
The strong residuals could allow General Motors to offer more aggressive leases on the pickups, which historically have had low lease rates. And they should help Chevrolet position the Silverado as having the lowest cost of ownership among full-sized pickups, a theme of its recent marketing.
Lenders use residual values to set monthly lease payments. A higher residual means that the vehicle will be worth more when the lease ends, which allows the lender to set a lower monthly payment.