Auto Leasing Guide
Go to LeaseGuide.com now !

Understanding Car Lease Residuals Brewton AL

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 - 1694 Montgomery Highway HLE
(205) 978-5053
1694 Montgomery Highway
Hoover, AL
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., 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 Auto Rental
(334) 272-3123
025 Atlanta Hwy
Montgomery, AL
 
Enterprise Auto Rental
(334) 277-4300
85 Eastern Blvd
Montgomery, AL
 
Enterprise Rent-A-Car
(205) 424-3351
750 Academy Dr
Bessemer, AL

Data Provided by:
Hertz - Craig Field
(334) 284-1560
Hangar 209
Selma, AL
Hours
Mo-Fr 0800-1600
Sa-Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
This location is for Private Flights only.

Enterprise Auto Rental
(205) 989-3200
551 John Hawkins Pkwy
Birmingham, AL
 
Enterprise Auto Rental
(205) 323-4446
325 5Th Ave N
Birmingham, AL
 
Hertz - 9091 Highway 20 West HLE
(256) 772-7166
9091 Highway 20 West
Madison, AL
Hours
Mo-Fr 0800-1700
Sa 0800-1200
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., 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. Park car in Hertz area, place keys and rental record in the drop box located in front of the building.

Hertz - Atlantic Aviation West
(205) 819-3820
4243 East Lake Blvd.
Birmingham, AL
Hours
24 Hours
7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System
Additional Information
This location is for Private Flights only. After Hours - After hour returns are allowed.

Enterprise Rent-A-Car
(256) 880-5224
11803 Memorial Pkwy Sw
Huntsville, AL

Data Provided by:
Data Provided by:

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...

Click here to read the rest of this article from Lease Guide