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Understanding Car Lease Residuals Cranston 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.

Ami Leasing
(401) 463-5234
11 Sharpe Dr
Cranston, RI
 
U-Haul Company
(401) 943-2945
1125 Cranston St
Cranston, RI
 
Hertz Corp
(401) 461-0748
520 Reservoir Ave
Cranston, RI
 
Auto Rental Champs
(401) 941-1207
703 Park Ave
Cranston, RI
 
Hertz - 2283 Post Road HLE
(401) 737-2189
2283 Post Road
Warwick, RI
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. 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
Customers arriving at the Providence T. F. Green Airport must reserve their vehicle at the Hertz Providence T. F. Green Airport location. After hours - After hour returns are allowed. Place completed Rental Agreement and keys in the drop box located near the building.

Hertz Penske Truck Rental
(401) 463-5557
7 Fyffe Ave
Cranston, RI
 
U-Haul Company
(401) 946-5019
801 Oaklawn Ave
Cranston, RI
 
Hertz - 520 Reservoir Avenue HLE
(401) 461-0748
520 Reservoir Avenue
Cranston, RI
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., 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
Customers arriving at the Providence T. F. Green Airport must reserve their vehicle at the Hertz Providence T. F. Green Airport location. After hours - After hour returns are allowed. Place completed Rental Agreement and keys in the drop box provided.

Penske Truck Rental
(401) 739-8700
65 Amflex Dr
Cranston, RI
 
Enterprise Rent A Car
(401) 781-0125
101 Cadillac Dr
Cranston, RI
 

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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