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Understanding Car Lease Residuals Greenwood MS

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 - Southaven ABA HLE
(662) 349-1977
7260 Airways Boulevard
Southaven, MS
Hours
Mo-Fr 0900-1700, 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
This location is temporarily closed. Pick up time must be at least one hour after location opening and one hour prior to location closing.

Hertz - Tupelo Aviation Unlimited
(662) 680-9482
105 Lemons Drive
Tupelo, MS
Hours
Mo-Fr 0800-2100, Sa 0800-1600, Su 0900-2100
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service

Hertz - Laurel Airport
(601) 544-4914
707 Warehouse Drive
Laurel, MS
Hours
Mo-Fr 0900-1700, Sa-Su 0900-1300
Special Services
Child Seats, Hand Controls for Disabled Drivers Only

Enterprise Rent-A-Car
(601) 932-5824
101 Howard Wilson Dr
Flowood, MS

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Hertz - Hattiesburg Municipal Airport
(601) 544-4914
29 Academy Drive
Hattiesburg, MS
Hours
Mo-Fr 0900-1700, Sa-Su 0900-1300
Special Services
Child Seats, Hand Controls for Disabled Drivers Only
Additional Information
Also known as Bobby Chain Airport. This location is for Private Flights only.

Hertz - Jackson-Evers International Airport
(601) 939-5312
100 International Drive
Jackson, MS
Hours
Mo-Fr 0630-2300, Sa-Su 0700-2300
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Gold Counter Service
Additional Information
After Hours - Meets flights if reservation is received at least 24 hours in advance Monday through Friday and Sunday. This location was formerly known as 'Allen Thompson Field Airport'.

Enterprise Rent-A-Car
(601) 442-4600
321 Devereaux Dr
Natchez, MS

Data Provided by:
Enterprise Rent-A-Car
(662) 842-2237
551 Daybrite Dr
Tupelo, MS

Data Provided by:
Hertz - Laurel Hattiesburg Airport
(601) 544-4914
1007 Terminal Drive
Hattiesburg, MS
Hours
Mo-Fr 0900-1700, Sa-Su 0900-1300
Special Services
Child Seats, Hand Controls for Disabled Drivers Only
Additional Information
After Hours - Meets DL flight 3288 arriving at 2040 7 Days, if reservation is received during regular hours business 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. If the terminal is closed give the keys and rental record to the security personnel.

Hertz - Tupelo Airport HLE
(662) 680-9482
2763 West Jackson Street
Tupelo, MS
Hours
Mo-Fr 0800-1800, Sa 1100-1600, Su 1000-1800
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 - Will meet Delta Flight 975 at 2103 Sunday-Friday only as long as reservation is received during normal business hours. After hours returns are allowed. Place keys and rental record in the drop box located outside the side entrance doors of the airport.

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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