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Understanding Car Lease Residuals La Follette TN

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.

Enterprise Auto Rental
(865) 922-0709
517B Maynardville Pike
Knoxville, TN
 
Enterprise Auto Rental
(901) 761-6979
759 Poplar Ave
Memphis, TN
 
Hertz - Knoxville Airport
(865) 342-3232
2187 Alcoa Highway
Knoxville, TN
Hours
Mo-Fr 0700-2400, Sa-Su 0800-2400
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Gold Counter Service
Additional Information
Located approximately 13 miles south of Knoxville near Alcoa, TN. After Hours - Meets commercial flights if reservation is received during regular businss hours. After hour returns are allowed. Park car in Hertz area, place keys and rental record in the drop box located at the counter.

Enterprise Rent-A-Car
(901) 382-1242
5771 Stage Rd
Memphis, TN

Data Provided by:
Hertz - 4091 Mallory Lane HLE
(615) 599-3606
4091 Mallory Lane
Franklin, TN
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 , 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. Leave the keys and rental agreemtent in the drop box. Pick up time must be at least one hour after location opening and one hour prior to location closing.

Enterprise Auto Rental
(615) 868-0075
15 N Gallatin Rd
Madison, TN
 
Enterprise Auto Rental
(615) 292-4000
409 Charlotte Pike
Nashville, TN
 
Hertz - Lovell Field Airport
(423) 855-8131
1101 Airport Road
Chattanooga, TN
Hours
Mo-Fr 0700-2330, Sa 0800-2200, Su 0800-2330
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
After Hours - After hour returns are allowed. Park vehicle in the Hertz area. Place keys and rental record in the drop box located at the counter. Bus - Approximately 12 miles from the bus station. Cab fare will be reimbursed with receipt. Please call upon arrival.

Enterprise Auto Rental
(615) 279-5604
214 8Th Ave S
Nashville, TN
 
Enterprise Auto Rental
(901) 755-4198
830 N Germantown Pkwy
Cordova, TN
 
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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