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Understanding Car Lease Residuals Barre VT

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.

Avis Rent A Car
(336) 227-3260
3441 N Aviation Dr
Burlington, VT
 
U-Haul Company
(336) 222-0805
910 S Church St
Burlington, VT
 
Penske Truck Rental
(336) 584-9142
866 Huffman Mill Rd
Burlington, VT
 
U-Haul Company
(336) 437-0509
2105 N Church St
Burlington, VT
 
Hertz - Rutland Airport
(802) 775-3353
1002 Airport Road
Rutland, VT
Hours
Mo-Fr 0800-1800, Sa-Su 0900-1600
Special Services
Child Seats, Hand Controls for Disabled Drivers Only

U-Haul Company
(336) 226-6136
812 Plantation Dr
Burlington, VT
 
U-Haul Company
(336) 229-1118
1550 Industry Dr
Burlington, VT
 
U-Haul Company
(336) 227-0223
2528 N Church St
Burlington, VT
 
Hertz - Columbia Aviation
(802) 775-3353
1004 Airport Road
Rutland, VT
Hours
0800-1700 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only

Enterprise Rent A Car
(336) 229-0336
2326 N Church St
Burlington, VT
 

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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