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Understanding Car Lease Residuals Lancaster SC

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 - 1575 Great Falls Highway
(803) 328-6414
1575 Great Falls Highway
Lancaster, SC
Hours
Mo-Th 0800-1700, Fr 0800-1600, 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
This location is for Insurance Replacement only. Pick up time must be at least one hour after location opening and one hour prior to location closing.

Main Street Audio Video
(989) 773-7370
701 N Mission St
Mount Pleasant, SC
 
Enterprise Auto Rental
(803) 750-9764
012 Broad River Rd
Columbia, SC
 
Enterprise Auto Rental
(843) 916-0929
100 Jetport Road
Myrtle, Beach, SC
 
Enterprise Auto Rental
(843) 766-5160
440 Savannah Hwy
Charleston, SC
 
Hertz - Spartanburg Marriott HLE
(864) 591-3246
299 North Church Street
Spartanburg, SC
Hours
Mo-Fr 0800-1200 and 1300-1700, 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. 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
Pick up time must be at least one hour after location opening and one hour prior to location closing.

Hertz - Charleston Air Force Base HLE
(843) 760-6312
Lawson Drive
Charleston, SC
Hours
Mo-Fr 0900-1600, 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
Located on a military installation. Access to the military installation is required. Located at the intersections of Lawson Drive and O'Neal Avenue. After hour - After hour returns are allowed. Park vehicle in the Hertz area. Place keys and rental record in the drop box located in the AFB terminal. Pick up time must be at least one hour after location opening and one hour prior to location closing.

Hertz - Hilton Head Airport
(843) 681-7604
120 Beach City Road
Hilton Head, SC
Hours
0800-2100 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Gold Counter Service
Additional Information
After Hours - Meets commercial flights if the reservation is received during regular business hours. After hour returns are allowed when the airport terminal is open. The airport terminal opens at 0430. Closing time varies based on arrival time of the last flight of the day. Park vehicle in the Hertz area. Place keys and rental record in the drop box located at the counter.

Enterprise Auto Rental
(843) 626-4277
377 Hwy 501
Myrtle, Beach, SC
 
Enterprise Rent-A-Car
(843) 766-5160
2440 Savannah Hwy
Charleston, SC

Data Provided by:
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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