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Understanding Car Lease Residuals Bangor ME

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 - Avitat
(207) 942-5519
188 Maine Avenue
Bangor, ME
Hours
Mo-Fr 0630-2300, Sa 0900-1700, Su 0800-2300
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Ski Equipped Vehicles
Additional Information
This location is for Private Flights only.

Hertz - Bangor International Airport
(207) 942-5519
299 Godfrey Blvd
Bangor, ME
Hours
Su-Fr 0800-2300, Sa 0900-1700
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 , Ski Equipped Vehicles, Gold Counter Service
Additional Information
After Hours - After hour returns are allowed. Park the vehicle in the Hertz area. Place the keys and rental agreement in the drop box, located at the Hertz counter. Bus - Approximately 4 miles from the Greyhound station. Cab fare will be reimbursed up to $2.00 with receipt.

Enterprise Rent-A-Car
(207) 615-0030
1001 Westbrook St
Portland, ME

Data Provided by:
Thrifty Car RentaL
(503) 251-6371
10835 NE Holman St
Portland, ME
 
Hertz - Sanford Airport
(603) 422-6707
199 Airport Road
Sanford, ME
Hours
Mo-Fr 0900-1700, Sa-Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only
Additional Information
This location is for Private Flights only.

Enterprise Rent-A-Car
(207) 942-3772
1105 Hammond St # 2
Bangor, ME

Data Provided by:
Enterprise Rent-A-Car
(207) 942-3772
1105 Hammond St # 2
Bangor, ME

Data Provided by:
Paclease Truck Rental Western Peterbilt
(503) 233-7734
8828 NE Killingsworth St
Portland, ME
 
Hertz - Northeast Air FBO
(207) 774-6391
987 Westbrook Street
Portland, ME
Hours
0600-2200 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Ski Equipped Vehicles
Additional Information
This location is for Private Flights only.

Penske Truck Rental
(503) 283-2586
1 NE Columbia Blvd
Portland, ME
 
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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