Auto Leasing Guide
Go to LeaseGuide.com now !

Understanding Car Lease Residuals Cambridge MA

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 - 646 Somerville Avenue HLE
(617) 625-7958
646 Somerville Avenue
Somerville, MA
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 - After hour returns are allowed. Do not lock keys in car. Fill out rental agreement and drop keys and rental agreement in the box provided.

Enterprise Auto Rental
(617) 738-6003
96 Commonwealth Avenue
Boston, MA
 
Enterprise Auto Rental
(617) 783-2240
92 Western Avenue
Brighton, MA
 
Hertz - Allston Cambridge Street HLE
(617) 787-2894
414 Cambridge Street
Allston, MA
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 - After hour returns are allowed. Place completed rental agreement and keys in the drop box provided.

Zipcar, Inc.
(617) 933-5070
18 Tremont, Suite 605
Boston, MA
 
Budget Rent A Car
(617) 577-7606
20 Sidney St
Cambridge, MA

Data Provided by:
Hertz - A to Z Auto Center HLE
(617) 232-1892
1686 Commonwealth Avenue
Brighton, MA
Hours
Mo-Fr 0800-1700, Sa-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.

Hertz - Harvard Square
(617) 338-1520
24 Eliot Street
Cambridge, MA
Hours
Mo-Fr 0730-1600, Sa 0800-1600, Su 0900-1300.
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Ski Equipped Vehicles
Additional Information
Located across the street from the Charles Hotel on the corner of JFK and Eliot.

Enterprise Rent-A-Car
(617) 723-8077
1 Congress St
Boston, MA

Data Provided by:
Hertz - Back Bay Station Amtrak
(617) 338-1500
145 Dartmouth Street
Boston, MA
Hours
Mo-Th 0700-1800, Fr 0700-1900, Sa 0700-1600, Su 0800-1700.
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System
Additional Information
This location is for Amtrak arrivals only. There is no rental counter at South Street/Amtrak Station. Cab fare to the 30 Park Plaza location will be reimbursed up to $10.00 with receipt.

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...

Click here to read the rest of this article from Lease Guide