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Understanding Car Lease Residuals Bedford IN

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.

Express Rent-A-Center
(812) 334-1013
3098 S Walnut St
Bloomington, IN
 
ACE Rent A Car
(812) 336-1501
2200 North Walnut
Bloomington, IN
 
Campus Auto Rental
(812) 332-4939
2425 S Walnut St
Bloomington, IN
 
Budget Truck Rental
(812) 336-1181
912 S Walnut St
Bloomington, IN
 
Hertz - Cook Aviation
(317) 243-9321
970 South Kirby Road
Bloomington, IN
Hours
0700-2100 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
This location is for Private Flights only.

Enterprise Rent A Car
(812) 336-1018
1907 S Walnut St
Bloomington, IN
 
Alamo Rent A Car
(812) 339-3443
1616 S Walnut St
Bloomington, IN
 
National Car Rental
(812) 339-3443
1616 South Walnut
Bloomington, IN
 
Penske Truck Rental
(812) 331-1188
2212 S Yost Ave
Bloomington, IN
 
Enterprise Auto Rental
(317) 881-3774
202 East Stop 12 Road
Indianapolis, IN
 

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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