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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.

Enterprise Auto Rental
(205) 989-3200
551 John Hawkins Pkwy
Birmingham, AL
 
Enterprise Auto Rental
(251) 432-4476
4 North Broad Street
Mobile, AL
 
Hertz - Gadsden Municipal Airport
(205) 591-6090
196 Ira Gray Drive
Gadsden, AL
Hours
0900-1700 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
This location is for Private Flights only. Walkins are not allowed.

Hertz - AAA Alabama HLE
(334) 409-2442
6901 Vaughn Road
Montgomery, AL
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., 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.

Hertz - Birmingham International Airport
(205) 591-6090
5540 Airline Drive
Birmingham, AL
Hours
Mo-Fr 0600-2400
Sa 0600-2200
Su 0600-2400
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Covered Return Center , Gold Counter Service
Additional Information
After Hours - Meets commercial flights if reservation is received in advance. After hour returns are allowed. Park vehicle in Hertz lot located on the first level of the parking deck. The Drop Box is located on the right side of the Hertz counter. Bus - Approximately 4 miles from the bus station. Cab fare is reimbursed with reciept. Please call upon arrival. Railroad - Approximately 4 miles from the railroad station. Cab fare is reimbursed with reciept. Please call upon arrival.

Hertz - Jack Edwards Airport
(251) 968-2615
3190 Airport Drive
Gulf Shores, AL
Hours
Mo-Fr 0730-1800
Sa-Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service

Hertz - Birmingham Marriott
(205) 980-9271
3590 Grand View Parkway
Birmingham, AL
Hours
0900-1700 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only
Additional Information
This location is for Hotel Guests only. Reservations for Saturday or Sunday must be received prior to 1700 on Friday. After Hours - After hour reservations are allowed.

Hertz - 22980 Highway 72 East HLE
(256) 262-1840
22980 Highway 72 East
Athens, AL
Hours
Mo-Fr 0800-1700
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., 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 vehicle in Hertz area. Place keys and rental record in the drop slot located in the door on the east side of the building.

Hertz - 4123 Ross Clark Circle HLE
(334) 673-3556
4123 Ross Clark Circle
Dothan, AL
Hours
Mo-Fr 0800-1800
Sa 0830-1300
Su Closed
Special Services
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.

Enterprise Rent-A-Car
(256) 767-0292
2321 Mall Rd
Florence, 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...

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