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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 - 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 - Minneapolis International Airport Lindbergh Terminal
(651) 698-9585
4300 Glumack Drive
Minneapolis, MN
Hours
24 Hours, 7 Days
Special Services
Child Seats, Gold Canopy , Hand Controls for Disabled Drivers Only In-Car Navigation System
Additional Information
The following airlines arrive at the Lindbergh Terminal: Air Canada, Alaska, American Airlines, Continental, Delta, Frontier Commuter, KLM Royal Dutch Airlines, Northwest, Northwest Airlink/Mesaba Airlines, Midwest, Midwest Express Airlines, United and US Airways. For other airlines please use the Hubert Humphrey Terminal location. Railroad - Approximately 20 minutes from the railroad station. Cab fare will be reimbursed up to USD 15.00 with receipt. Bus - Approximately 7.5 miles from the Gre

Hertz - Johns Body Shop HLE
(218) 732-3273
1007 Park Avenue South
Park Rapids, MN
Hours
Mo-Fr 0800-1700, 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., 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. Leave the keys and rental agreement in the drop slot located in the front door of the bodyshop.

Budget Rent A Car
(952) 445-8763
491 Marschall Rd
Shakopee, MN

Data Provided by:
Enterprise Rent-A-Car
(651) 631-3500
3114 Old Highway 8
St Paul, MN

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Hertz - Wildwood Lodge HLE
(651) 735-2050
8511 Hudson Boulevard
Lake Elmo, MN
Hours
Mo 0700-1800, Tu-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. Record the return date and time, mileage, and tank level on rental agrement jacket. Park the vehicle in the Hertz designated parking area. Place the keys and contract in the drop box located on the Hotel main counter. Pick up time must be at least one hour after location opening and one hour prior to location closing.

Enterprise Auto Rental
(612) 824-8088
504 Lyndale Ave S
Minneapolis, MN
 
Midway Party Rental
(651) 644-0005
2110 Gilbert Ave
St. Paul, MN
 
Hertz - Minnetonka HLE
(651) 301-2264
12550 Wayzata Boulevard
Minnetonka, 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
Located inside the dealership of Morries Hyundai Subaru. After Hours - After hour returns are allowed. 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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