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Understanding Car Lease Residuals Ardmore OK

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.

Enterprise Rent-A-Car
(580) 226-5200
826 Grand Ave
Ardmore, OK

Data Provided by:
Avis Rent A Car
(405) 844-7957
911 S Broadway
Edmond, OK
 
Hertz - Conoco Phillips Hangar
(918) 333-1300
401 Wiley Post Road
Bartlesville, OK
Hours
Mo-Fr 0800-1700, Sa 0900-1200, Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
This location is for Conoco Phillips employess only.

Enterprise Auto Rental
(918) 832-1818
777 E Apache St
Tulsa, OK
 
U-Haul Company
(405) 348-6548
610 S Broadway
Edmond, OK
 
U-Haul Company
(405) 364-1501
700 E Lindsey St
Norman, OK
 
Enterprise Rent-A-Car
(405) 793-0370
406 N Telephone Rd
Moore, OK

Data Provided by:
Hertz - Lawton Municipal Airport HLE
(580) 355-6789
3401 Southwest 11th Street
Lawton, OK
Hours
Mo-Fr 0730-2100, Sa-Su 0800-2100
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
After Hours - Meets scheduled flights if reservation is received at least 24 hours in advance, during regular business hours. After hour returns are allowed 0400-2400. Park car in Hertz area. Place keys and rental record in drop box located at the rental counter. Bus - Approximately 5 miles from the bus station. Pickup and return service is available, please call upon arrival.

Enterprise Auto Rental
(918) 477-7660
111 S Sheridan Rd
Tulsa, OK
 
U-Haul Company
(405) 715-3888
14675 S Coltrane Rd
Edmond, OK
 
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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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