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Understanding Car Lease Residuals Jennings LA

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 - Hammond Airport
(985) 809-6619
405 Industrial Park
Hammond, LA
Hours
Mo- Fr 0800-1700, Sa-Su closed.
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
This location is for Private Flights only.

Enterprise Auto Rental
(504) 241-6266
801 Downman Road
New, Orleans, LA
 
Enterprise Auto Rental
(504) 241-3900
0200 East I-10 Service Rd.
New, Orleans, LA
 
Enterprise Auto Rental
(337) 235-6611
020 Ne Evangeline Thruway
Lafayette, LA
 
Enterprise Auto Rental
(225) 744-0097
7460 Ultima Plaza Blvd Ste A
Prairieville, LA
 
Hertz - Alexandria International Airport
(318) 443-9699
1100 Frank Andrews Boulevard
Alexandria, LA
Hours
Mo-Fr 0700-2230
Sa 0930-1730
Su 1000-2230
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Gold Counter Service
Additional Information
After Hours - After hour returns are allowed 0500-2400.

Enterprise Auto Rental
(504) 468-3018
600 Airline Dr
Kenner, LA
 
Hertz - Shreveport Tac Air
(318) 636-1212
6209 Interstate Drive
Shreveport, LA
Hours
Mo-Fr 0700-2230, Sa 0800-2100, Su 0700-2230
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service

Hertz - Paul Fournet Air Service
(337) 233-7010
118 John Glenn Drive
Lafayette, LA
Hours
Mo-Fr 0700-2200, Sa-Su 0800-2200
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service

Hertz - Flightline First FBO
(985) 643-1791
6101 G Belanco Street
New Orleans, LA
Hours
24 Hours, 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
This location is for Private Flights only.

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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