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Understanding Car Lease Residuals Coventry RI

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.

Penske Truck Rental
(401) 739-8700
65 Amflex Dr
Cranston, RI
 
Hertz - Northstar Aviation
(401) 738-2600
544 Airport Road
Providence, RI
Hours
0600-2400 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System
Additional Information
This location is for Private Flights only.

Enterprise Rent-A-Car
(401) 828-5577
300 Quaker Ln
Warwick, RI

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Ami Leasing
(401) 463-5234
11 Sharpe Dr
Cranston, RI
 
U-Haul Company
(401) 943-2945
1125 Cranston St
Cranston, RI
 
Hertz - T.F. Green Airport
(401) 738-7500
2000 Post Road
Providence, RI
Hours
Mo-Fr 0600-0030, Sa 0600-2400, Su 0600-0030
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Ski Equipped Vehicles, Gold Counter Service
Additional Information
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.

Enterprise Auto Rental
(401) 732-5261
0 Dewey Avenue
Warwick, RI
 
U-Haul Company
(401) 946-5019
801 Oaklawn Ave
Cranston, RI
 
Hertz Penske Truck Rental
(401) 463-5557
7 Fyffe Ave
Cranston, RI
 
Hertz - Quonset Airport FBO
(401) 885-0879
210 Airport Street
North Kingstown, RI
Hours
Mo-Fr 0800-1800, Sa 0900-1200, Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only
Additional Information
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.

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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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