This is more than just a list of the value you have in your hands. We are all aware of the price you pay for our products and you should always seek to earn them.
Of course you can always tell the value you have if you are able to get out and take your product for free. But what about the other items you buy? If you are willing to pay full price, you are more likely than the average person to be able to get your item back.
The residual value is the price that you pay for your product less taxes, shipping, and packaging. When you buy your item, you typically receive a paper receipt that will list the value of your product and any taxes or other fees. This page tells you the current residual value for your item.
Now that you have completed the purchase process, you will need to return your item. By law, when you return your product you will receive a full refund for the price you paid for your item. This is where it gets interesting because you’ll be able to get your item back for free, but if you’re using a warranty it will cost you $20,000 to repair or replace your item.
This is what is known as residual value. This is the value of the item from the date of purchase until the date of the return. This is the value of your item after the warranty period. In other words, if you paid $100 for your item and it was worth $100 after the warranty period, that would be your residual value.
You can do this yourself by having an item insured. You can get an insurance company to insure your item. In the case of the Sony PlayStation 3, both the warranty and the residual value are covered. For the Wii U however, the warranty is limited to the initial purchase while the residual value is only for that specific console.
The problem is that many people have a hard time actually knowing whether or not your item is insured. The way insurance works is that you have a deductible and the insurance company covers your deductible so you pay nothing out of pocket. For more information, visit the insurance company’s website.
The problem here is that the residual value is the insurance company’s only coverage until the item is sold. If you buy a new item that has a damaged or missing part, chances are the value of the item doesn’t cover the deductible because the insurance company will only pay out if the damage is done to an item that is still usable.
You can still buy a used item that has a damaged or missing part, but the residual value will be a little higher than a new item that has the same part. For example, say you buy a new car that has a dent or hole in it, but the residual value of the car is more than the deductible. The insurance company will only pay out on a damaged car that is still usable.
The difference between residual value and deductible is that the deductible is the amount the car has to be worth to get you back to the dealership to buy it. If you bought a used car that had a dent or hole in it, the insurance company will only pay out on a damaged car that is still usable so you still have somewhere to go.