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Understanding Car Lease Residuals Glen Cove NY

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 - 2098 Jericho Turnpike HLE
(516) 328-0084
2098 Jericho Turnpike
New Hyde Park, NY
Hours
Mo-Fr 0730-1800, Sa 0900-1300, 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
Pick up time must be at least one hour after location opening and one hour prior to location closing.

Hertz - National Grid Hicksville
(516) 931-2950
175 East Old Country Road
Hicksville, NY
Hours
Mo-Fr 0730-1800, Sa 0900-1300, Su 1000-1600
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Gold Counter Service
Additional Information
This location is for National Grid Employees who are Gold Members only. At least 2 hours advanced reservation required, during normal business hours. If pickup is within 2 hours please call the Hertz/National Grid toll-free reservations number 888-222-2076 to check for delivery availability. After Hours - After hour returns are allowed.

Hertz - New Rochelle Amtrak Station
(914) 633-0643
2 Station Plaza North
New Rochelle, NY
Hours
Mo-Fr 0730-1800, Sa 0900-1200,Su 1200-1700.
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System

U-Haul Company
(914) 665-5548
114 Mount Vernon Ave
Mount Vernon, NY
 
Link Sand Truck & Car Rental
(914) 665-1048
9 Gramatan Ave
Mount Vernon, NY
 
Hertz - 145 West John Street HLE
(516) 931-2950
145 West John Street
Hicksville, NY
Hours
Mo-Fr 0730-1800, Sa 0900-1300, Su 1000-1600
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. Park vehicle in the Hertz area. Place the keys and rental agreement in the drop box, located at the front of the building. Pick up time must be at least one hour after location opening and one hour prior to location closing.

Hertz - New Rochelle Train Station HLE
(914) 633-0643
1 Station Plaza North
New Rochelle, NY
Hours
Mo-Fr 0700-1800, Sa 0900-1300, Su 1200-1600
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 - Garden City Hotel
(516) 328-0084
45 7th Street
Garden City, NY
Hours
Mo-Fr 0730-1800, Sa 0900-1300, Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System
Additional Information
This location is for Hotel guests.

Hertz - Greenwich Gulf
(203) 622-4044
111 West Putnam Avenue
Greenwich, CT
Hours
Mo-Fr 0630-1830
Sa 0700-1700
Su 0800-1400
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System

U-Haul Company
(914) 699-7400
263 S 5th Ave
Mount Vernon, NY
 

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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