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Understanding Car Lease Residuals Bogalusa LA

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 - Capitol Jet Center
(225) 356-9592
4460 Blanche Noyes
Baton Rouge, LA
Hours
Mo-Fr 0900-1800
Sa-Su 0900-1500
Special Services
Child Seats, Hand Controls for Disabled Drivers Only

Hertz - West Congress HLE
(337) 233-2313
2429 West Congress
Lafayette, LA
Hours
Mo-Fr 0730-1800, 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. 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
Pick up time must be at least one hour after location opening and one hour prior to location closing.

Enterprise Rent-A-Car
(985) 872-0987
278 Enterprise Dr
Houma, LA

Data Provided by:
Enterprise Auto Rental
(225) 293-7403
117 Siegen Lane
Baton, Rouge, LA
 
Hertz - 1331 Highway 190 HLE
(985) 809-6619
1331 Highway 190
Covington, LA
Hours
Mo-Fr 0730-1800, Sa 0900-1200, Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only 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
Pick up time must be at least one hour after location opening and one hour prior to location closing.

Enterprise Rent-A-Car
(225) 926-0730
6615 Florida Blvd
Baton Rouge, LA

Data Provided by:
Hertz - New Orleans Hilton
(504) 568-1645
2 Poydras Street
New Orleans, LA
Hours
Mo-Fr 0800-1700, Sa 0800-1300, 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.

Hertz - Shreveport Tac Air
(318) 636-1212
6209 Interstate Drive
Shreveport, LA
Hours
Mo-Fr 0700-2230, Sa 0800-2100, Su 0700-2230
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service

Enterprise Auto Rental
(225) 926-0730
615 Florida Blvd
Baton, Rouge, LA
 
Hertz - Ryan Airport
(225) 357-5992
9291 General Chennault Drive
Baton Rouge, LA
Hours
Mo-Fr 0700-2230
Sa 0700-2100
Su 0700-2230
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Gold Counter Service
Additional Information
After Hours - Meets flight that arrives at 0008 if reservation is received before 2200 Monday through Friday. Meets all other scheduled flights if reservation is received during regular business hours. After hours returns are allowed. Park the vehicle in the Hertz area. Place the keys and rental agreement in the drop box, located at the Hertz counter.

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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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