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Understanding Car Lease Residuals Bainbridge Island WA

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 - Ballard HLE
(206) 706-2543
1553 Northwest Leary Way
Seattle, WA
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.

Firestone Complete Auto Care
(206) 622-8300
400 Westlake Ave.
Seattle, WA
 
Hertz - Amtrak Seattle
(206) 903-6260
303 South Jackson Street
Seattle, WA
Hours
Mo-Fr 0700-1800, Sa-Su 0800-1600
Special Services
Child Seats, Hand Controls for Disabled Drivers Only
Additional Information
After Hours - cab fare to the Seattle/Tacoma Airport will be reimbursed up to $20.00 with receipt.

Hertz - Burien Chevrolet HLE
(206) 241-4726
14400 1st Avenue South
Burien, WA
Hours
Mo-Fr 0800-1600, 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
This location is inside the Burien Chevrolet Service Center.

Hertz - 4th Avenue Sodo HLE
(206) 767-8422
5055 4th Avenue South
Seattle, WA
Hours
Mo-Fr 0730-1700, Sa 0800-1300, 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. 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.

Enterprise Auto Rental
(206) 783-5565
301 15Th Avenue N.W.
Seattle, WA
 
Enterprise Auto Rental
(206) 382-1051
116 Westlake Avenue
Seattle, WA
 
Hertz - Seattle Downtown HLE
(206) 903-6260
1501 8th Avenue
Seattle, WA
Hours
Mo-Fr 0700-1800, Sa-Su 0800-1600
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
Additional Information
This location is at the corner of 8th and Pike Streets, directly across the street from the Washington State Convention Center in the Hyatt Hotel. After Hours - After Hour returns are allowed. Drop Box is located in the return area near the Hertz counter. Please record the date, time, gas and mileage on the express return card or RA jacket. Lock the car and place the express return card or RA jacket, and car keys in the drop box. Pier - Approximately 1 mile from the piers on the waterfront.

Enterprise Auto Rental
(206) 933-1750
313 35Th Ave Sw
Seattle, WA
 
Enterprise Auto Rental
(206) 323-0109
605 Boylston Ave
Seattle, WA
 

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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