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Understanding Car Lease Residuals Escanaba MI

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
(313) 592-8686
4600 Plymouth Rd.
Redford, Twp, MI
 
Hertz - Rapid Air
(616) 233-6353
5500 44th Street Southeast
Grand Rapids, MI
Hours
Mo-Fr 0600-2300, Sa 0630-2230, Su 0730-2300
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service

Enterprise Rent-A-Car
(517) 703-8060
4100 Capitol City Blvd
Lansing, MI

Data Provided by:
Hertz - River Valley Auto Agency
(616) 477-0204
300 Northland Drive Northeast
Rockford, MI
Hours
Mo-Fr 0900-1800, 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
Pick up time must be at least one hour after location opening and one hour prior to location closing.

Enterprise Rent-A-Car
(248) 374-3410
48600 W 12 Mile Rd
Wixom, MI

Data Provided by:
Hertz - West Dearborn HLE
(313) 792-8206
23701 Kean Street
Dearborn, MI
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
Pick up time must be at least one hour after location opening and one hour prior to location closing.

Enterprise Rent-A-Car
(734) 692-6050
23780 West Rd
Brownstown Twp, MI

Data Provided by:
Hertz - AV Flight
(517) 321-1445
3121 West Circle Drive
Lansing, MI
Hours
Mo-Fr 0730-2330, Sa 1200-1800, Su 0830-2300
Special Services
Child Seats, Hand Controls for Disabled Drivers Only
Additional Information
This location is for Private Flights only.

U-Haul Company
(734) 595-6796
40600 Michigan Ave
Canton, MI
 
Hertz - Alpena County Regional Airport
(989) 356-2414
1617 Airport Road
Alpena, MI
Hours
Mo-Fr 0900-2300, Sa-Su Closed
Special Services
Hand Controls for Disabled Drivers Only
Additional Information
After Hours - After hour returns are allowed. Park the vehicle in the Hertz area, then place keys and rental agreement in the drop box, located at the Hertz counter.

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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