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Understanding Car Lease Residuals Belleville NJ

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.

American Auto Leasing Co
(973) 674-5670
20 N Park St
East Orange, NJ
 
Enterprise Auto Rental
(973) 783-3868
13 Grove Street
Montclair, NJ
 
Enterprise Auto Rental
(973) 678-9950
88 Central Ave.
East, Orange, NJ
 
Enterprise Auto Rental
(973) 242-8300
Raymond Plz W/ Penn Station
Newark, NJ
 
Orange Auto
(973) 677-1090
58 High St
Orange, NJ
 
Hertz - Clare Pine Service Center HLE
(973) 744-7409
40 Claremont Avenue
Montclair, NJ
Hours
Mo-Fr 0800-1800, 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. In-Car Navigation System , 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.

Enterprise Rent A Car
(973) 678-9950
388 Central Ave
East Orange, NJ
 
U-Haul Company
(973) 676-9268
245 Snyder St
Orange, NJ
 
Enterprise Auto Rental
(973) 639-1911
80 Washington Street
Newark, NJ
 
Budget Car & Truck Rental
(973) 674-0170
474 Main St
Orange, NJ
 

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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