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Understanding Car Lease Residuals Caldwell ID

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 Rent A Car
(208) 463-1222
407 Caldwell Blvd
Nampa, ID
 
Champion Motors
(208) 461-1444
705 N Franklin Blvd
Nampa, ID
 
Uts Nationalease
(208) 468-9401
915 E Karcher Rd
Nampa, ID
 
Enterprise
(208) 468-2330
15700 Can Ada Rd
Nampa, ID
 
U-Haul Company
(208) 463-1191
2593 2nd St S
Nampa, ID
 
Affordable Auto Rental
(208) 467-3078
909 3rd St S
Nampa, ID
 
Penske Truck Rental
(208) 288-1827
103 N Broadmore Way
Nampa, ID
 
Avis Rent A Car
(208) 468-7932
16019 Idaho Center Blvd
Nampa, ID
 
Dan Wiebold Ford
(866) 854-3061
5707 East Gate Blvd
Nampa, ID
 
U-Haul Company
(208) 461-0461
734 W Greenhurst Rd
Nampa, ID
 

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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