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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 - 14742 Dellwood Drive HLE
(218) 829-6008
14742 Dellwood Drive
Baxter, MN
Hours
Mo-Fr 0700-1700, Sa-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 vehicle in front of the building. Drop box is located in body shop area on the service door by the shop bays. Pick up time must be at least one hour after location opening and one hour prior to location closing.

Hertz - Rochester Highway 52 North HLE
(507) 289-6640
5335 Highway 52 North
Rochester, MN
Hours
Mo-Fr 0730-1800, 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
After Hours - After hour returns are allowed. Place the keys and contract in the drop box that is located next to the main entry door. This location services the Austin and Owatonna areas. Pick up time must be at least one hour after location opening and one hour prior to location closing.

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.

Hertz - Duluth International Airport
(218) 722-7418
4701 Grinden Drive
Duluth, MN
Hours
Mo-Fr 0730-0030, Sa 0900-1700, Su 0900-0030
Special Services
Child Seats, Hand Controls for Disabled Drivers Only
Additional Information
After Hours - After hour returns are allowed. Park vehicle in Hertz area, place keys and rental record in drop box located at the Hertz counter.

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.

Enterprise Rent-A-Car
(952) 938-8825
10841 Excelsior Bl
Hopkins, MN

Data Provided by:
Hertz - 13766 Airport Drive HLE
(218) 681-4111
13766 Airport Drive
Thief River Falls, MN
Hours
Mo-Fr 0800-1730, Sa-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.

Hertz - St. Cloud Regional Airport
(320) 253-9480
1550 45th Avenue Southeast
St. Cloud, MN
Hours
Mo-Fr 1000-1230 and 1600-1700, Sa Closed, Su 1100-2200
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
Additional Information
After Hours - After hour returns are allowed. Park the vehicle in the Hertz area. Place keys and rental agreement in the drop box, located on a post in the car lot. This location is temporarily closed.

Hertz - Rochester Municipal Airport HLE
(507) 288-2244
7600 Helgerson Drive S. W.
Rochester, MN
Hours
Mo-Fr 0800-2100, Sa 0900-1700, Su 0900-2100
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 - Meets NW flight 3396 at 2308 Sunday through Friday, if the reservation is received in advance. After hours returns are allowed except between the hours of Midnight and 5:30 a.m. Park car in Hertz area, place keys and rental record in drop box located at the Hertz counter. Pick up time must be at least one hour after location opening and one hour prior to location closing.

Hertz - 703 17th Avenue Northwest HLE
(507) 433-1871
703 17th Avenue Northwest
Austin, MN
Hours
Mo-Fr 0730-1700, Sa-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. Record the return date and time, mileage, and tank level on rental agreement jacket. Leave the keys and rental agreement in the drop box located next to the service desk. Pick up time must be at least one hour after location opening and one hour prior to location closing.

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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