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Understanding Car Lease Residuals Burnsville MN

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 - 6900 151st Street West HLE
(952) 953-3102
6900 151st Streeet West
Lakeville, MN
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
After Hours - 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 - Residence Inn
(952) 835-2427
3400 Edinborough Way
Edina, MN
Hours
Mo-Fr 0700-1800, Sa 0800-1600, Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Gold Counter Service

Enterprise Auto Rental
(612) 727-3313
650 Glumack Drive
Bloomington, MN
 
Hertz - Minneapolis International Airport Hubert Humphrey Terminal
(612) 727-2635
7150 Humphrey Drive
Minneapolis, MN
Hours
0700-0030 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Gold Counter Service
Additional Information
The following airlines arrive at the Hubert Humphrey Terminal: Airtran Airways, Icelannder, Miami Air, Southwest Airlines, Sun Country Airlines, Xtra Airways and charter flights. For all other airlines please use the Minneapolis International Airport Lindbergh Terminal location. After Hours - After hour returns are allowed. Park the vehicle in a Hertz designated stall. The drop box is located on the counter.

Enterprise Rent-A-Car
(612) 824-8088
5504 Lyndale Ave S
Minneapolis, MN

Data Provided by:
Hertz - 7745 2nd Avenue South HLE
(612) 869-2880
7745 2nd Avenue South
Bloomington, MN
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
After Hours - 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 - Minneapolis International Airport Lindbergh Terminal
(651) 698-9585
4300 Glumack Drive
Minneapolis, MN
Hours
24 Hours, 7 Days
Special Services
Child Seats, Gold Canopy , Hand Controls for Disabled Drivers Only In-Car Navigation System
Additional Information
The following airlines arrive at the Lindbergh Terminal: Air Canada, Alaska, American Airlines, Continental, Delta, Frontier Commuter, KLM Royal Dutch Airlines, Northwest, Northwest Airlink/Mesaba Airlines, Midwest, Midwest Express Airlines, United and US Airways. For other airlines please use the Hubert Humphrey Terminal location. Railroad - Approximately 20 minutes from the railroad station. Cab fare will be reimbursed up to USD 15.00 with receipt. Bus - Approximately 7.5 miles from the Gre

Enterprise Rent-A-Car
(612) 727-3313
4650 Glumack Dr
St Paul, MN

Data Provided by:
Hertz - Signature Flight Support at Minneapolis St Paul Airport
(651) 698-9585
3800 East 70th Street
Minneapolis, MN
Hours
24 Hours, 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Gold Counter Service
Additional Information
This location is for Private Flights only. No walkins allowed.

Enterprise Auto Rental
(612) 824-8088
504 Lyndale Ave S
Minneapolis, MN
 
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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