Understanding Car Lease Residuals Coventry RI
Mo-Fr 0600-0030, Sa 0600-2400, Su 0600-0030
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Ski Equipped Vehicles, Gold Counter Service
After Hours - After hour returns are allowed 0500-0030. Park vehicle in the Hertz area. Place keys and rental record in the drop box located at the counter.
0600-2400 7 Days
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System
This location is for Private Flights only.
North Kingstown, RI
Mo-Fr 0800-1800, Sa 0900-1200, Su Closed
Child Seats, Hand Controls for Disabled Drivers Only
This location is for Private Flights only. After hours - After hour returns are allowed. Place completed Rental Agreement and keys in the drop box located on the right side of the building. This location is also known as Landmark Aviation.
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...