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Understanding Car Lease Residuals Brookings SD

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
(605) 323-1173
101 W 41St Street
Sioux, Falls, SD
 
Enterprise Auto Rental
(605) 338-4100
801 N Jaycee Ln
Sioux, Falls, SD
 
Enterprise Rent-A-Car
(605) 399-9939
1254 E North St
Rapid City, SD

Data Provided by:
Hertz - Rapid City Regional Airport
(605) 393-0160
4550 Terminal Road
Rapid City, SD
Hours
Mo-Fr 0700-2300, Sa 0800-2100, Su 0800-2300
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service

Enterprise Auto Rental
(605) 977-6100
322 N Minnesota Ave
Sioux, Falls, SD
 
Hertz - Foss Field
(605) 336-8790
2801 Jaycee Lane
Sioux Falls, SD
Hours
Mo-Fr 0700-2300, Sa-Su 0800-2300
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
After Hours - After hour returns are allowed as long as the terminal building is open. Times may vary depending on delayed flight arrivals. If open, park vehicle in the Hertz area. Place keys and rental record in the Hertz designated Express Return at the counter.

Enterprise Rent-A-Car
(605) 393-4311
4550 Terminal Rd Ste 202
Rapid City, SD

Data Provided by:
Hertz - Landmark Aviation
(605) 336-8790
3501 Aviation Avenue
Sioux Falls, SD
Hours
Mo-Fr 0700-2300, Sa-Su 0800-2300
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
Located at the Sioux Falls Regional Airport. This location was formerly known as 'Encore Aviation'.

Hertz - West Jet Air Center
(605) 393-0160
4160 Fire Station Road
Rapid City, SD
Hours
Mo-Fr 0700-2300, Sa 0800-2100, Su 0800-2300
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service

Enterprise Rent-A-Car
(605) 642-3755
814 N Ames St
Spearfish, SD

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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