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Understanding Car Lease Residuals Ashland OH

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 County Airport
(419) 903-0750
700 Montgomery Township Road
Ashland, OH
Hours
Mo-Fr 0800-1730, Sa 0900-1300, Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only

Hertz - 557 Home Road North HLE
(419) 529-4995
557 Home Road North
Mansfield, OH
Hours
Mo-Fr 0800-1730, 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.

Enterprise Auto Rental
(330) 345-1441
441 Cleveland St
Wooster, OH
 
Hertz - Sprunger Air Services
(330) 345-1466
6020 North Honeytown Road
Smithville, OH
Hours
Mo-Fr 0800-1730, Sa 0930-1230, Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
This location is for Private Flights only.

Hertz - Nagys Autobody Spurgeon HLE
(330) 202-7491
1119 West Old Lincoln Highway
Wooster, OH
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., 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. Record the return date and time, mileage and tank level on rental agreement jacket. Leave the keys and rental agreement in the drop box located by the front door. Pick up time must be at least one hour after location opening and one hour prior to location closing.

Hertz - 1304 Claremont Avenue HLE
(419) 903-0750
1304 Claremont Avenue
Ashland, OH
Hours
Mo-Fr 0800-1730, 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
Bus - Approximately 20 miles from the bus station. Railroad - Approximately 70 miles from the railroad station.

Hertz - Richland Aviation
(419) 529-4995
2000 Harrington Memorial Road
Mansfield, OH
Hours
Mo-Fr 0800-1730, Sa 0900-1300, Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only

Hertz - Nagys Collision HLE
(330) 345-2286
5590 Cleveland Road
Wooster, OH
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., 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. Record the return date and time, mileage and tank level on rental agreement. Leave the keys and rental agreement in the drop box located by the front door. Pick up time must be at least one hour after location opening and one hour prior to location closing.

Hertz - 5590 Cleveland Road HLE
(330) 723-5040
5590 Cleveland Road
Wooster, OH
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
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.

The Alleen Company
(513) 769-0393
11939 Tramway Drive
Cincinnati, OH

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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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