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Understanding Car Lease Residuals Haleyville AL

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 Rent-A-Car
(251) 432-4476
64 N Broad St
Mobile, AL

Data Provided by:
Enterprise Rent-A-Car
(205) 424-3351
750 Academy Dr
Bessemer, AL

Data Provided by:
Enterprise Auto Rental
(205) 992-7227
2 Inverness Parkway
Birmingham, AL
 
Enterprise Auto Rental
(256) 534-9700
401 Bob Wallace Avenue
Huntsville, AL
 
Enterprise Rent-A-Car
(334) 272-3123
3025 Atlanta Hwy
Montgomery, AL

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Hertz - Jack Edwards Airport
(251) 968-2615
3190 Airport Drive
Gulf Shores, AL
Hours
Mo-Fr 0730-1800
Sa-Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service

Hertz - Atlantic Aviation East
(205) 591-6830
4725 65th Place North
Birmingham, AL
Hours
24 Hours
7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System
Additional Information
This location is for Private Flights only. Previously known as Mercury Air Center.

Enterprise Auto Rental
(205) 326-6555
728 4Th Ave S
Birmingham, AL
 
Hertz - Coastal Ford HLE
(251) 344-6777
7311 Airport Boulevard
Mobile, AL
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 Auto Rental
(251) 634-8639
400 Airport Blvd
Mobile, AL
 
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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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