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Understanding Car Lease Residuals Barberton 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 - Babcox and Wilcox Company
(330) 896-1331
75 Robinson Avenue
Barberton, OH
Hours
Mo-Fr 0700-2400, Sa-Su 0800-2400
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
This location is for Babcox and Wilcox company use. After Hours - After hour returns are allowed. Park the vehicle in the employee and visitor parking lot. Leave the keys and contract at the guard booth.

Hertz - Nagys Collision Center HLE
(330) 658-2748
12145 Whitman Road
Doylestown, 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 - Nagys Autobody Wadsworth
(330) 723-5040
976 Broad Street
Wadsworth, 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.

Enterprise Auto Rental
(330) 434-2525
71 W Market St
Akron, OH
 
Hertz - Akron Canton Regional Airport
(330) 896-1331
5400 Lauby Road
Akron, OH
Hours
Mo-Fr 0630-2400, Sa-Su 0700-2400
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Gold Counter Service
Additional Information
After hours - Meets scheduled flights if reservation is received during regular business hours. After hour returns are allowed 0500 to open. Park vehicle car in the Hertz lot. Note fuel, mileage, and time of return on the contract. Leave the keys and contract in the Hertz Express drop box located on the side counter inside the terminal building.

Enterprise Auto Rental
(330) 848-5500
066 Romig Rd
Akron, OH
 
Enterprise Auto Rental
(330) 334-7300
69 Broad St
Wadsworth, OH
 
Hertz - Summit Air
(330) 896-1331
1535 Exeter Road
Akron, OH
Hours
Mo-Fr 0800-1700, Sa-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 - Akron Flight
(330) 896-1331
1600 Triplett Boulevard
Akron, OH
Hours
Mo-Fr 0900-1700, Sa-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 - Steiner Aviation
(330) 896-1331
1600 Triplett Boulevard
Akron, OH
Hours
Mo-Fr 0900-1700, Sa-Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
This location is for Private Flights only.

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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