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Understanding Car Lease Residuals Conover NC

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 - Riverhawk Aviation
(828) 328-6499
3103 9th Avenue Drive Northwest
Hickory, NC
Hours
Mo-Fr 0730-1800, Sa Closed, Su 0900-1300
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
This location is for Private Flights only. After Hours - Meets flights on Saturday if reservation is received prior to close on Friday.

Hertz - 840 US Highway 70 SE HLE
(828) 328-4499
840 US Highway 70 SE
Hickory, NC
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
Pick up time must be at least one hour after location opening and one hour prior to location closing.

Hertz - Statesville Municipal Airport
(704) 359-0114
238 Airport Road
Statesville, NC
Hours
Mo-Fr 0500-0030, Sa 0500-2300, Su 0500-0030
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System
Additional Information
This location is for Private Flights only. No wallkins allowed. Located approximately 50 minutes from the Charlotte Douglas International Airport.

Hertz - 640 Concord Parkway North HLE
(704) 782-1115
640 Concord Parkway North
Concord, NC
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. Park vehicle near the front of the office. Record the returnd date, time, mileage and tank level on rental agreement jacket. Please lock the car and leave the keys and rental agreement in drop box located on the far left side of the front of the office. Pick up time must be at least one hour after location opening and one hour prior to location closing.

Enterprise Rent-A-Car
(704) 636-2446
1823 South Main St.
Salisbury, NC
 
Hertz - Hickory Regional Airport HLE
(828) 328-6499
3101 9th Avenue Drive N.W.
Hickory, NC
Hours
Mo-Fr 0730-1800, Sa Closed, Su 0900-1300
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
Additional Information
After Hours - Meets flights on Saturday if reservation is received prior to close on Friday. After hour returns are allowed. Park car in Hertz area, place keys and contract with mileage and time in drop box located outside the airport doors. Pick up time must be at least one hour after location opening and one hour prior to location closing.

Hertz - 1634 North Highway 16 HLE
(704) 966-0742
1634 North Highway 16
Denver, NC
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., 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
This location is temporarily closed. Pick up time must be at least one hour after location opening and one hour prior to location closing.

Enterprise Auto Rental
(336) 482-3062
709A W Market St
Greensboro, NC
 
Carls Van Rentals
(904) 727-3848
7227 Atlantic Blvd
Jacksonville, NC
 
Hertz - Brunswick County Airport HLE
(910) 457-0469
4019 Long Beach Road
Oak Island, NC
Hours
Mo-Fr 0900-1700, 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. 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
Pick up time must be at least one hour after location opening and one hour prior to location closing.

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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