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Understanding Car Lease Residuals Buckhannon WV

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 - Mercer County Airport HLE
(304) 325-3388
Route 5 Box 201
Bluefield, WV
Hours
Mo-Fr 0800-1800, 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., 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 - Meets commercial flights if reservation is received at least 24 hours in advance. Pick up time must be at least one hour after location opening and one hour prior to location closing.

Enterprise Auto Rental
(304) 344-2660
71 Airport Road
Charleston, WV
 
Enterprise Auto Rental
(304) 343-8403
614 2Nd Ave
Charleston, WV
 
Enterprise Auto Rental
(304) 744-3644
07A Maccorkle Ave Sw
South, Charleston, WV
 
Enterprise Auto Rental
(304) 344-2600
115 Smith Street
Charleston, WV
 
Enterprise Rent-A-Car
(304) 422-3600
1520 7th St
Parkersburg, WV

Data Provided by:
Enterprise Rent-A-Car
(304) 793-2400
Route 219 N
Lewisburg, WV

Data Provided by:
Hertz - Town Center Marriott
(304) 346-0573
200 Lee Street
Charleston, WV
Hours
Mo-Fr 0900-1700, Sa-Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System

Hertz - North Central West Virginia Airport
(304) 842-4554
2004 Aviation Way
Clarksburg, WV
Hours
Mo-Fr 0800-1800, Sa 0900-1400, Su 1400-2000
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
After hour returns are allowed. Pick up time must be at least one hour after location opening and one hour prior to location closing.

Hertz - Morgantown Municipal Airport
(304) 296-2331
150 Hart Field Road
Morgantown, WV
Hours
Mo-Fr 0800-1800, Sa 0900-1500, Su 1400-1900
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
After hour returns are allowed. Pick up time must be at least one hour after location opening and one hour prior to location closing.

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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