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Understanding Car Lease Residuals Bridgeport CT

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.

Affordable Motors
(203) 362-0259
408 Grand St
Bridgeport, CT
 
Hertz - Bridgeport Amtrak Station
(203) 876-0708
525 Water Street
Bridgeport, CT
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
Additional Information
This location is for Amtrak arrivals.

U-Haul Company
(203) 368-2584
636 Boston Ave
Bridgeport, CT
 
AAA Auto Rental
(203) 371-6957
887 Reservoir Ave
Bridgeport, CT
 
U-Haul Company
(203) 333-0288
309 North Ave
Bridgeport, CT
 
Dollar
(203) 331-9735
940 E Main St
Bridgeport, CT
 
Penske Truck Rental
(203) 334-8367
225 Boston Ave
Bridgeport, CT
 
Choice Equipment Rental
(203) 335-7368
550 North Ave
Bridgeport, CT
 
Hertz - Atlantic Aviation
(203) 469-8826
325 Main Street
Bridgeport, CT
Hours
0600-2200 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Gold Counter Service
Additional Information
Located at the Sikorsky Memorial Airport. This location is for Private Flights only.

Avis Rent A Car
(203) 380-2414
99 Beardsley Ave
Bridgeport, CT
 

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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