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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.

Enterprise Rent-A-Car
(843) 769-5833
1500 Savannah Hwy
Charleston, SC

Data Provided by:
Hertz - Seven Rivers Aviation
(843) 520-1535
129 Airport Road
Georgetown, SC
Hours
Mo-Fr 0800-1700, 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
(803) 786-6957
014 Two Notch Rd
Columbia, SC
 
Enterprise Rent A Car
(843) 566-7805
5757 Rivers Ave
North Charleston, SC
 
Enterprise Auto Rental
(803) 772-7766
143 Saint Andrews Rd
Columbia, SC
 
Enterprise Auto Rental
(843) 769-5833
500 Savannah Highway
Charleston, SC
 
Hertz - Spartanburg Memorial Airport
(864) 574-3486
500 Ammons Road
Greenville, SC
Hours
Mo-Fr 0600-2300, Sa-Su 0700-2300
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System
Additional Information
This location is for Private Flights only.

Hertz - 975 Bacons Bridge Road HLE
(843) 695-0349
975 Bacons Bridge Road
Charleston, SC
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., 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 in the middle of the Galleria shopping center at the intersection of Old Trolley Road and Bacons Bridge Road. Approximately 30 miles west of the city of Charleston and approximately 20 miles west of the Charleston International Airport. After Hours - After hour returns are allowed. The drop box is located right outside the front door. Pick up time must be at least one hour after location opening and one hour prior to location closing.

Enterprise Auto Rental
(843) 916-0929
100 Jetport Road
Myrtle, Beach, SC
 
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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