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Understanding Car Lease Residuals Ashland KY

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 - Ashland Downtown
(606) 324-1644
1001 Winchester Avenue
Ashland, KY
Hours
Mo-Fr 0800-1700
Sa 0800-1200
Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only

Enterprise Rent-A-Car
(859) 331-5100
3288 Madison Pike
Covington, KY

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Enterprise Rent-A-Car
(502) 366-4700
600 Terminal Dr
Louisville, KY

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Enterprise Auto Rental
(502) 778-0096
109 Dixie Hwy
Louisville, KY
 
Hertz - Dixie HLE
(502) 449-1880
4813 Dixie Highway
Louisville, KY
Hours
Mo-Fr 0730-1800
Sa 0900-1300
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
After Hours - After hour returns are allowed. Pick up time must be at least one hour after location opening and one hour prior to location closing.

Hertz - Tri State Airport
(304) 453-2745
1463 Airport Road
Huntington, WV
Hours
Mo-Fr 0700-2400, Sa 0900-1700, Su 0700-2400
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. In-Car Navigation System , 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 - After hour returns are allowed. Park vehicle in the Herz area. Place keys and Rental Record in the drop box located at the counter. Pick up time must be at least one hour after location opening and one hour prior to location closing.

Hertz - Delta AirElite Jet Center
(859) 767-3535
2042 Tower Drive
Hebron, KY
Hours
24 Hours
7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Gold Counter Service
Additional Information
This location is for Private Flight arrivals only.

Enterprise Auto Rental
(502) 966-8455
505 Poplar Level Road
Louisville, KY
 
Hertz - Moore Drive HLE
(859) 373-0777
180 Moore Drive
Lexington, KY
Hours
Mo-Fr 0730-1800
Sa 0900-1300
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., 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 - After hour returns are allowed. Pick up time must be at least one hour after location opening and one hour prior to location closing.

Hertz - 5051 Frederica Street HLE
(270) 683-1624
5051 Frederica Street
Owensboro, KY
Hours
Mo-Fr 0800-1800
Sa 0900-1300
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
After hour returns are allowed. Pick up time must be at least one hour after location opening and one hour prior to location closing.

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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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