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Understanding Car Lease Residuals Bay City MI

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 - Precision Auto Body HLE
(989) 695-5587
3289 Van Buren Road
Richville, MI
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
Pick up time must be at least one hour after location opening and one hour prior to location closing.

Hertz - Dow Chemial Hangar 5
(989) 695-5587
8400 Garfield Road
Freeland, MI
Hours
Mo-Fr 0700-2330, Sa 0900-1730, Su 0900-2330
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
This location is for private flights only. No walkins permitted.

Hertz - Alpena County Regional Airport
(989) 356-2414
1617 Airport Road
Alpena, MI
Hours
Mo-Fr 0900-2300, Sa-Su Closed
Special Services
Hand Controls for Disabled Drivers Only
Additional Information
After Hours - After hour returns are allowed. Park the vehicle in the Hertz area, then place keys and rental agreement in the drop box, located at the Hertz counter.

Hertz - 30507 Woodward Avenue HLE
(248) 435-3178
30507 Woodward Avenue
Royal Oak, MI
Hours
Mo-Fr 0700-1800, Sa 0900-1200, 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.

Hertz - Cherry Capital Airport
(231) 946-7051
727 Fly Dont Drive
Traverse City, MI
Hours
Mo 0900-2230, Tu-Th 0900-1700 and 2100-2200, Fr 0900-2230, Sa-Su 1000-1700
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
After Hours - After hour returns are allowed 0545-2430. Park the vehicle in the Hertz lot. Place keys and rental agreement in the drop box located at the Hertz counter.

Hertz - AV Flight
(989) 695-2554
8370 Garfield Road
Freeland, MI
Hours
Mo-Fr 0700-2330, Sa 0900-1730, Su 0900-2330
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
This location is for private flights only. No walkins permitted.

Hertz - Freeland MBS International Airport
(989) 695-5587
8600 Garfield Road
Freeland, MI
Hours
Mo-Fr 0700-2330, Sa 0900-1730, Su 0900-2330
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
Formerly known as Tri-City Airport. After Hours - Will meet scheduled commerical flights on Saturday only, if reservation is received 48 hours in advance. After hour returns are allowed 0400-2315. Park the vehicle in the Hertz lot, then place the keys and rental agreement in the drop box, located at the Hertz counter. Pick up time must be at least one hour after location opening and one hour prior to location closing.

Hertz - Leroys Body Shop HLE
(616) 393-2040
190 West Britain Avenue
Benton Harbor, MI
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.

Penske Truck Rental
(734) 981-5866
47255 Michigan Ave
Canton, MI
 
Enterprise Auto Rental
(313) 592-8686
4600 Plymouth Rd.
Redford, Twp, MI
 

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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