How much is the residual value fee under the Insurent® Lease Residual Value Policy?
If you are approved, the one-time residual value fee (guaranty fee) will range from 4.75 percent to 11 percent of the annual rent. On average, the fee for U.S. parties will approximate 75% of a month’s rent. Average fees for non U.S. parties without U.S. based credit history will approximate 110% of a months rent. Your specific fee will depend upon the outcome of a review of your credit and financial condition, and your previous rental history. Upon execution of the lease, the lease will be covered under the Insurent® Lease Guaranty Program.
