Steane Klose | Mar 17, 2009

Reports coming out of the US show that residual values on leased Toyota vehicles have taken a sharp dive in the last year.

One of Toyota's strong selling points has always been its retention of value due to a general perception of higher quality. It seems times - in the form of a sales collapse affecting all automotive brands in the US market - are changing.

That old unwelcome house guest, Mr Global Economic Crisis, is even hitting that once unassailable juggernaut, the Big T.

2009_toyota_tundra_rear

The Toyota Tundra (pictured) has seen the largest dip, with residual values just managing to scrape in above 40 percent, dropping from just under 60 percent.

Despite this, the Tundra still enjoys slightly higher residual values than its main competitors, Ford's F-150 and the Chevrolet Silverado, which retain 32.2 and 39.8 percent respectively.

On the bright side, it looks as though the playing field is now a little more level. (And can I fit a left-hook Tundra in the garage?)

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