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Understanding Car Lease Residuals Dumont NJ

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 - 583 Broadway HLE
(201) 664-3606
583 Broadway
Westwood, NJ
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., 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.

Budget Rent A Car
(201) 652-5784
833 N State Rt 17
Paramus, NJ

Data Provided by:
Apollo Rent A Car
(201) 880-1616
31 Fairview Ave
Bogota, NJ
Additional Information
Corporate accounts available
Hours
8am - 7pm

Hertz - Jet Aviation
(201) 641-5122
111 Charles A. Lindbergh Drive
Teterboro, NJ
Hours
24 Hours, 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. Rentals and Returns are only for inbound and outbound passengers or crew. Tail number required on reservation. After Hours - After hour returns are allowed. Park the vehicle in the Hertz area. Place the keys and rental agreement in the drop box, mounted inside the FBO.

Hertz - Radburn Exxon Service HLE
(201) 796-7789
2220 Fairlawn Avenue
Fair Lawn, NJ
Hours
Mo-Fr 0800-1900, 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 , 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. Leave keys and contract with the Service Station attendant. Pick up time must be at least one hour after location opening and one hour prior to location closing.

Hertz - 92 Route 17 North HLE
(201) 261-5960
92 Route 17 North
Paramus, NJ
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. In-Car Navigation System , 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.

Hertz - 375 River Street HLE
(201) 342-2375
375 River Street
Hackensack, NJ
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., 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.

Hertz - Meridian Air
(201) 288-6520
485 Industrial Avenue
Teterboro, NJ
Hours
24 Hours, 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. Rentals and Returns are only for inbound and outbound passengers or crew. Tail number required on reservation. Previously known as Million Air.

Hertz - Park Ridge Marriott
(201) 664-3606
300 Brae Blvd
Park Ridge, NJ
Hours
Mo-Fr 0830-1730, Sa 1000-1200, Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System
Additional Information
This location is for Hotel Guests only.

Hertz - First Aviation
(201) 641-5122
101 Charles A Lindbergh Drive
Teterboro, NJ
Hours
24 Hours, 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. Rentals and Returns are only for inbound and outbound passengers or crew. Tail number required on reservation.

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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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