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Understanding Car Lease Residuals East Providence 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.

Enterprise Auto Rental
(401) 438-8550
65 Waterman Ave
East, Providence, RI
 
Enterprise Auto Rental
(401) 861-4408
0 Weybosset St
Providence, RI
 
Enterprise Rent A Car
(401) 781-0125
101 Cadillac Dr
Cranston, RI
 
Enterprise Rent A Car
(401) 946-0470
333 Niantic Ave
Cranston, RI
 
Enterprise Auto Rental
(401) 946-3888
33 Niantic Avenue
Cranston, RI
 
Hertz - East Providence HLE
(401) 431-5176
630 Taunton Avenue
Providence, 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., 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. Complete rental agreement and place keys and rental agreement in drop box located by the location's front door.

Hertz - Amtrak Station
(401) 274-4043
100 Gaspee Street
Providence, RI
Hours
Mo-Fr 0830-1730, 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. In-Car Navigation System
Additional Information
After Hours - Cab fare will be reimbursed to the Providence T F Green Airport location up to $20 with receipt.

U-Haul Company
(401) 521-6333
464 Broad St
Cranston, RI
 
Hertz - North Providence HLE
(401) 353-8317
1375 Mineral Springs Avenue
Providence, 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
After Hours - After hour returns are allowed. Complete rental agreement and place keys and rental agreement in drop box located by the location's front door.

Hertz - 400 Silver Spring Street HLE
(401) 274-4043
400 Silver Spring Street
Providence, 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 , 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. Complete rental agreement and place keys and rental agreement in drop box located by the location's front door.

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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