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Understanding Car Lease Residuals Horn Lake 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 - Signature Flight Support
(731) 345-4700
2488 Winchester Road
Memphis, TN
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. All reservations require private flight arrival, even for customers arriving by private plane on a previous day. No walkins allowed.

Enterprise Rent-A-Car
(901) 398-2013
1361 E Shelby Dr
Memphis, TN

Data Provided by:
Enterprise Auto Rental
(901) 398-2013
361 E Shelby Drive
Memphis, TN
 
Enterprise Rent-A-Car
(901) 396-3736
2909 Airways Blvd
Memphis, TN

Data Provided by:
Hertz - Advance Collision Agency HLE
(662) 429-8992
1473 Highway 51 South
Hernando, MS
Hours
Mo-Fr 1000-1600, 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 returns are allowed. Record the return date and time, mileage, and tank level on rental agreement jacket. Place the keys and rental agreement in the drop box located by the front door. Pick up time must be at least one hour after location opening and one hour prior to location closing.

Hertz - Seaport Airlines
(901) 345-5680
2540 Winchester Road
Memphis, TN
Hours
0600-2400 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service

Enterprise Auto Rental
(901) 345-8588
041 Brooks Road East
Memphis, TN
 
Enterprise Auto Rental
(901) 396-3736
909 Airways Blvd
Memphis, TN
 
Dollar Rent A Car
(901) 346-3161
2780 Airways Blvd
Memphis, TN

Data Provided by:
Hertz - Wilson Air Center
(901) 345-2992
2930 Winchester Road
Memphis, TN
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. No walkins allowed.

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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