Auto Leasing Guide
Go to LeaseGuide.com now !

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.

Enterprise Auto Rental
(785) 233-0200
00 Sw Van Buren St
Topeka, KS
 
Enterprise Auto Rental
(316) 946-1895
299 Airport Road
Wichita, KS
 
Enterprise Rent-A-Car
(316) 682-1200
5401 E Kellogg Dr
Wichita, KS

Data Provided by:
Paola Glass Co
(913) 294-3121
1012 N Pearl St
Paola, KS
 
Hertz - 2861 South Kansas Avenue HLE
(785) 267-4468
2861 South Kansas Avenue
Topeka, KS
Hours
Mo-Fr 0730-1730
Sa 0800-1300
Su Closed
Special Services
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
Pick up time must be at least one hour after location opening and one hour prior to location closing.

Enterprise Auto Rental
(316) 263-4035
001 E. Central
Wichita, KS
 
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) 682-2323
832 N Webb Suite 200
Wichita, KS

Data Provided by:
Hertz - Strong Body Shop
(913) 727-1297
113 South 8th Street
Atchison, KS
Hours
Mo-Fr 0700-1800
Sa 0800-1300
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.
Additional Information
Pick up time must be at least one hour after location opening and one hour prior to location closing.

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...

Click here to read the rest of this article from Lease Guide