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Understanding Car Lease Residuals Hutchinson KS

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 - Wells Aircraft
(316) 263-2004
800 Airport Road
Hutchinson, KS
Hours
Mo-Fr 0800-1800
Sa-Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Gold Counter Service
Additional Information
This location is for Private Flights only.

Hertz - El Dorado Municipal Airport
(316) 946-4860
Rural Route 1
El Dorado, KS
Hours
0800-1800 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Gold Counter Service
Additional Information
This location is for Private Flights only. No walkins allowed.

Enterprise Rent-A-Car
(316) 682-1200
5401 E Kellogg Dr
Wichita, KS

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Hertz - Million Air
(785) 267-4468
Forbes Field
Topeka, KS
Hours
0600-2200 7 Days
Special Services
Hand Controls for Disabled Drivers Only

Auto Repair Services
(913) 782-4744
1919 E Spruce St
Olathe, KS
 
Hertz - Overland Park South HLE
(913) 381-5519
7271 West 105th
Overland Park, KS
Hours
Mo-Fr 0700-1830
Sa 0900-1300
Su 1200-1600
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 , 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
Located at West 105th and Metcalf. After Hours - After hour returns are allowed. Park vehicle in Hertz area. Place keys and rental record in drop box located to the left of the front door on the outside of the building. Pick up time must be at least one hour after location opening and one hour prior to location closing.

Hertz - America Jet
(785) 827-7237
2010 Rogers Court
Salina, KS
Hours
Mo-Fr 0730-1800
Sa-Su 0800-1400
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
This location is for Private Flights only. Formerly known as Moore Midway Aviation.

Enterprise Auto Rental
(316) 942-6623
041 West Kellogg
Wichita, KS
 
Hertz - Shawnee Mission Ford HLE
(913) 248-2295
11501 West Shawnee Mission Parkway
Shawnee, KS
Hours
Mo-Fr 0700-1800
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., 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. Pick up time must be at least one hour after location opening and one hour prior to location closing.

Hertz - Hays Regional Airport
(785) 623-4116
3950 East 8th Street
Hays, KS
Hours
Mo-Fr 0730-1730
Sa 0900-1200
Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
After Hours - After hour returns are allowed. Park the vehicle in a Hertz designated stall. Record the return date and time, mileage, and tank level on the rental agreement. Leave the keys and rental agreement in the drop box located outside next to parking area.

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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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