Auto Leasing Guide
Go to LeaseGuide.com now !

Understanding Car Lease Residuals Franklin TN

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 - 4091 Mallory Lane HLE
(615) 599-3606
4091 Mallory Lane
Franklin, TN
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 , 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. Leave the keys and rental agreemtent in the drop box. Pick up time must be at least one hour after location opening and one hour prior to location closing.

Enterprise Auto Rental
(615) 794-1000
201 Lakeview Dr
Franklin, TN
 
Enterprise Auto Rental
(615) 661-6181
25 Franklin Road
Brentwood, TN
 
Enterprise Rent-A-Car
(615) 445-2282
15119 Old Hickory Blvd
Nashville, TN

Data Provided by:
Enterprise Auto Rental
(615) 279-5604
214 8Th Ave S
Nashville, TN
 
Enterprise Rent-A-Car
(615) 778-9450
625 Bakers Bridge Ave # 102
Franklin, TN

Data Provided by:
Hertz - Prices Collision HLE
(615) 661-6017
1676 Mallory Lane
Brentwood, TN
Hours
Mo-Fr 0730-1730, 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
Pick up time must be at least one hour after location opening and one hour prior to location closing.

Enterprise Rent-A-Car
(615) 661-6181
125 Franklin Rd
Brentwood, TN

Data Provided by:
Enterprise Auto Rental
(615) 445-2282
5119 Old Hickory Blvd
Nashville, TN
 
Hertz - John C Tune Airport
(615) 327-5453
110 Tune Airport Road
Nashville, TN
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.

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...

Click here to read the rest of this article from Lease Guide