Residual is calculated on MSRP (not capitalized cost), however, I am thinking they are deducting the federal credit from the MSRP on their residual calculation. VW/Audi has never overinflated their residual values (unlike MB & especially BMW) so leasing a VW/Audi has never been as attractive as a BMW/MB lease. WV has been offering reduced interest rates (.0005 MF = 1.2%) but assuming they are probably not doing them (for now) on the ID.4 as it is a desirable car.I'm trying to understand how residual value is calculated. If VW's stated cost is $40,939.50, and the customer pays $21,834.47, is the residual value roughly $19,000? And does that mean VW estimates the car will depreciate by 53% in 3 years, making it worth 47% of its original value? I might go compare the numbers with a Mustang Mach-E and a RAV4 Prime, both of which I would consider buying.
I did back of the envelope calculations on the F.E. lease rate using a 3% interest rate and I got a 53% residual value on MSRP after federal credit. This is in line with the 36 mo. RV of the Tiguan which is 52-56% depending on the trim.