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Understanding Car Lease Residuals Hampton VA

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.

U-Haul Company
(757) 723-6807
1709 N King St
Hampton, VA
 
Hertz - Todd Shopping Center HLE
(757) 838-2389
2308 West Mercury Boulevard
Hampton, VA
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 , 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 Corp
(757) 838-2389
2308 W Mercury Blvd
Hampton, VA
 
U-Haul Company
(757) 827-8029
1926 N Armistead Ave
Hampton, VA
 
Hertz Penske Truck Rental
(757) 838-1870
1925 Coliseum Dr
Hampton, VA
 
Enterprise Rent A Car
(757) 723-7997
766 Settlers Landing Rd
Hampton, VA
 
Enterprise Rent A Car
(757) 838-7770
3004 W Mercury Blvd
Hampton, VA
 
Enterprise Rent A Car
(757) 896-0360
906 W Mercury Blvd
Hampton, VA
 
U-Haul Company
(757) 838-1393
1023 W Mercury Blvd
Hampton, VA
 
Hertz - Langley Air Force Base HLE
(757) 766-3968
61 Spaatz Drive
Langley Air Force Base, VA
Hours
Mo-Fr 0800-1800, Sa 0900-1400, 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., 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
Base access is required. Pick up time must be at least one hour after location opening and one hour prior to location closing.

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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