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Understanding Car Lease Residuals Detroit Lakes MN

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 - 1506 Broadway Street HLE
(320) 763-3138
1506 Broadway Street
Alexandria, MN
Hours
Mo-Fr 0730-1730, 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 in Hertz designated parking area. Place and keys and rental agreement in drop box located near the main entrance door. Pick up time must be at least one hour after location opening and one hour prior to location closing.

Hertz - Bemidji Airport HLE
(218) 751-0063
3824 Moberg Drive Northwest
Bemidji, MN
Hours
Mo-Fr 0800-1700, Sa 1000-1600, Su 1500-2230
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 during airport hours, which vary based on flight times. Please check with Hertz staff or the airline prior to returning. Park vehicle in the Rental Return parking lot. Place keys and Rental Contract in the drop box located at the rental counter. Pick up time must be at least one hour after location opening and one hour prior to location closing.

Enterprise Auto Rental
(651) 631-1581
520 Broadway Dr Ste 2
Lauderdale, MN
 
Hertz - Executive Aviation
(651) 698-9585
9960 Flying Cloud Drive
Eden Prairie, MN
Hours
Mo-Fr 0800-2000, Sa-Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Gold Counter Service
Additional Information
This location is for Private Flights only. Located at the Flying Cloud Airport, 15 miles west of the Minneapolis International Airport.

Hertz - Signature Flight Support
(507) 288-2244
7300 Brattas Drive Southwest
Rochester, MN
Hours
24 Hours, 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
This location is for Private Flights only.

Enterprise Auto Rental
(763) 533-1700
223 Brooklyn Blvd
Brooklyn, Center, MN
 
Budget Rent A Car
(763) 323-2987
2740 Main St Nw # 112
Coon Rapids, MN

Data Provided by:
Hertz - Rapid Rental HLE
(218) 326-0397
1887 East Highway 2
Grand Rapids, MN
Hours
Mo-Fr 0730-1700, Sa 0730-1600, 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., 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.

Enterprise Auto Rental
(651) 225-9766
95 East 7Th Street
Saint, Paul, MN
 
Enterprise Auto Rental
(612) 824-8088
504 Lyndale Ave S
Minneapolis, MN
 
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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