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Understanding Car Lease Residuals Grand Blanc 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.

Hertz - AV Flight
(810) 234-2041
3375 West Bristol Road
Flint, MI
Hours
Mo-Fr 0700-0030, Sa 0900-1900, Su 0900-0030
Special Services
Gold Canopy , 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.

Hertz - Bishop International Airport
(810) 234-2041
3425 West Bristol Road
Flint, MI
Hours
Mo-Fr 0730-0030, Sa 0900-1900, Su 0900-0030
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. Park vehicle in the Hertz lot. Place keys and completed rental contract in drop box located at the Hertz counter. Pick up time must be at least one hour after location opening and one hour prior to location closing.

Hertz - Superior Aviation
(517) 321-1445
2618 East 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.

Enterprise Auto Rental
(248) 548-2310
1951 Woodward Ave
Ferndale, MI
 
Enterprise Auto Rental
(313) 270-3100
7675 Grand River Ave
Detroit, MI
 
Enterprise Rent-A-Car
(810) 235-1101
3425 W Bristol Rd
Flint, MI

Data Provided by:
Hertz - Cherry Capital Airport
(231) 946-7051
727 Fly Dont Drive
Traverse City, MI
Hours
Mo 0900-2230, Tu-Th 0900-1700 and 2100-2200, Fr 0900-2230, Sa-Su 1000-1700
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
After Hours - After hour returns are allowed 0545-2430. Park the vehicle in the Hertz lot. Place keys and rental agreement in the drop box located at the Hertz counter.

Penske Truck Rental
(734) 729-3097
27429 Joy Rd
Westland, MI
 
Hertz - 555 28th Street Southeast HLE
(616) 245-9308
555 28th Street Southeast
Grand Rapids, MI
Hours
Mo-Fr 0730-1800, 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
After Hours - After hour reurns are available. Record return date, time, mileage and tank level on rental agreement jacket. Place keys and rental record in drop box. Pick up time must be at least one hour after location opening and one hour prior to location closing.

Enterprise Auto Rental
(616) 363-8400
214 Plainfield Ave Ne
Grand, Rapids, MI
 
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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