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Understanding Car Lease Residuals Biddeford ME

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.

Enterprise Rent-A-Car
(207) 284-2004
869 Portland Rd
Saco, ME

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Enterprise Rent-A-Car
(207) 615-0030
1001 Westbrook St
Portland, ME

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Hertz - Northeast Air FBO
(207) 774-6391
987 Westbrook Street
Portland, ME
Hours
0600-2200 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Ski Equipped Vehicles
Additional Information
This location is for Private Flights only.

Hertz
(207) 621-8116
75 Airport Road
Augusta, ME
 
Hertz - Avitat
(207) 942-5519
188 Maine Avenue
Bangor, ME
Hours
Mo-Fr 0630-2300, Sa 0900-1700, Su 0800-2300
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Ski Equipped Vehicles
Additional Information
This location is for Private Flights only.

Hertz - Sanford Airport
(603) 422-6707
199 Airport Road
Sanford, ME
Hours
Mo-Fr 0900-1700, Sa-Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only
Additional Information
This location is for Private Flights only.

Hertz - Portland International Jetport
(207) 774-6391
1049 Westbrook Street
Portland, ME
Hours
0600-0100 7 Days.
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 , Ski Equipped Vehicles, Gold Counter Service
Additional Information
Also known as the Portland-Westbrook Municipal Airport. Private flight arrivals please use the Northeast Air FBO location. After Hours - After hour returns are allowed. Park vehicle in Hertz area. Place keys and rental record in the drop box located at the Hertz counter. Railroad - The Amtrak station is Downeaster Passenger Rail Service, 100 Sewell Street. Cab fare will be reimbursed up to $10.00 with receipt. Bus - Approximately 2 miles from the Greyhound and Trailways stations. Cab fare wil

Hertz - 202 Warren Avenue HLE
(207) 797-7156
202 Warren Avenue
Portland, ME
Hours
Mo-Fr 0730-1800, 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 , 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. Place completed rental agreement and keys in the drop box located on the wall.

Hertz - Hancock County Airport
(207) 667-5017
143 Caruso Drive
Bar Harbor, ME
Hours
Mo-Sa 0900-1630, 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 , Ski Equipped Vehicles, Gold Counter Service
Additional Information
Formerly known as the Bar Harbor Airport Located 15 miles from downtown Bar Harbor. After Hours - After hour returns are allowed. Place completed rental agreement and keys in the drop box provided outside the main entrance door. Pier - Please call the location directly to arrange for pickup service. 24 hours advance notice required. Please note: Only the driver can be brought back to the rental location to rent the vehicle as space in limited in the pickup vehicle.

Hertz - Portland International Jetport
(207) 774-6391
1049 Westbrook Street
Portland, ME
Hours
0600-0100 7 Days.
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 , Ski Equipped Vehicles, Gold Counter Service
Additional Information
Also known as the Portland-Westbrook Municipal Airport. Private flight arrivals please use the Northeast Air FBO location. After Hours - After hour returns are allowed. Park vehicle in Hertz area. Place keys and rental record in the drop box located at the Hertz counter. Railroad - The Amtrak station is Downeaster Passenger Rail Service, 100 Sewell Street. Cab fare will be reimbursed up to $10.00 with receipt. Bus - Approximately 2 miles from the Greyhound and Trailways stations. Cab fare wil

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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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