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Understanding Car Lease Residuals Aiken SC

Residual value estimates can be different, depending on who is doing the estimating. One dealer who uses a particular lease company may offer a significantly different residual value than another dealer who uses a different company, for exactly the same vehicle and same lease.

Hertz - Kendricks Collision HLE
(706) 722-7741
1371 Broad Street
Augusta, GA
Hours
Mo-Fr 0800-1700
Sa-Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Replacement Rentals When your car is in the shop for repairs.Insurance/Body Shop and Dealership/Service Center replacement rentals available at this location.for replacement rental reservations., Gold Counter Service , Pickup/Return Service:Available with a one hour advance notice and within 15 minutes from the Hertz Local Edition location. Contact the location to arrange for Pick Up service.
Additional Information
Pick up time must be at least one hour after location opening and one hour prior to location closing.

Enterprise Auto Rental
(706) 722-2407
202 Walton Way
Augusta, GA
 
Budget Rent A Car
(803) 366-2121
756 Cherry Rd
Rock Hill, SC

Data Provided by:
Hertz - Bell and Bell HLE
(843) 399-9524
2491 Highway 9 East
Little River, SC
Hours
Mo-Fr 0800-1730, Sa-Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Replacement Rentals When your car is in the shop for repairs.Insurance/Body Shop and Dealership/Service Center replacement rentals available at this location.for replacement rental reservations., Gold Counter Service , Pickup/Return Service:Available with a one hour advance notice and within 15 minutes from the Hertz Local Edition location. Contact the location to arrange for Pick Up service.
Additional Information
Pick up time must be at least one hour after location opening and one hour prior to location closing.

Dollar Rental Car
(843) 767-1130
5500 International Blvd
North Charleston, SC
 
Enterprise Auto Rental
(706) 828-5757
323 Broad Street
Augusta, GA
 
Enterprise Auto Rental
(803) 776-9461
611 1/2 Garners Ferry Rd
Columbia, SC
 
Budget Car & Truck Rental
(843) 577-5195
390 Meeting St Unit B
Charleston, SC
 
Enterprise Rent-A-Car
(843) 669-4868
2100 Terminal Dr
Florence, SC

Data Provided by:
Enterprise Auto Rental
(803) 772-7766
143 Saint Andrews Rd
Columbia, SC
 
Data Provided by:

Understanding Car Lease Residuals

Residual value ("residuals"), in car leasing, refers to the estimated — repeat, estimated — value of a leased vehicle at the end of the scheduled lease period. The longer the lease, the lower the residual value, as compared to the original MSRP sticker price.

Residual values play a key part in the calculation of lease monthly payments since leases are based on the difference between residual value and negotiated selling price. The higher the residual, the lower the lease cost for a given selling price. See .

What are residuals?
Car lease residuals are a statement of the expected depreciation of a vehicle's value over the life of a lease. The value can be affected by a number of factors, including expected average annual mileage, number of months in the lease, make/model vehicle, resale history, predicted future supply and demand, rise/fall in gas prices, and anticipated future economic conditions. In short, lease residuals amount to nothing more than an educated guess.

Who sets car lease residual values?
Residual value estimates can be different, depending on who is doing the estimating. One dealer who uses a particular lease company may offer a significantly different residual value than another dealer who uses a different company, for exactly the same vehicle and same lease. It is often misunderstood by consumers that residuals are fixed for a particular vehicle make and model.

There are industry sources (ALG...

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