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Understanding Car Lease Residuals Corbin KY

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 - Ashland Downtown
(606) 324-1644
1001 Winchester Avenue
Ashland, KY
Hours
Mo-Fr 0800-1700
Sa 0800-1200
Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only

Enterprise Rent-A-Car
(859) 331-5100
3288 Madison Pike
Covington, KY

Data Provided by:
Hertz - Louisville Standiford Field
(502) 361-0183
600 Terminal Drive
Louisville, KY
Hours
Mo-Fr 0500-0100
Sa 0500-2400
Su 0500-0100
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Gold Counter Service
Additional Information
After Hours - Meets reservations, airline and flight number required. Bowman Field arrivals please call upon arrival. Cab fare will be reimbursed with receipt.

Hertz - Midwest Aviation
(270) 744-6000
200 Hardy Roberts Drive
Paducah, KY
Hours
Mo-Fr 0700-2000
Sa-Su 0800-1800
Special Services
Child Seats, Hand Controls for Disabled Drivers Only

Enterprise Rent-A-Car
(502) 448-2211
4911 Dixie Hwy
Shively, KY

Data Provided by:
Hertz - Dixie HLE
(502) 449-1880
4813 Dixie Highway
Louisville, KY
Hours
Mo-Fr 0730-1800
Sa 0900-1300
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.

Enterprise Auto Rental
(502) 896-9988
10 Ten Pin Ln
Louisville, KY
 
Enterprise Rent-A-Car
(270) 352-4088
1864 N Dixie Blvd
Radcliff, KY

Data Provided by:
Enterprise Auto Rental
(502) 894-0032
924 Westport Rd
Louisville, KY
 
Enterprise Auto Rental
(502) 589-2211
33 S 8Th St
Louisville, KY
 
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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