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Understanding Car Lease Residuals Las Vegas NV

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 Rent-A-Car
(702) 876-4466
3401 W Sahara Ave
Las Vegas, NV

Data Provided by:
Hertz - West Sahara HLE
(702) 880-5700
5715 West Sahara Avenue
Las Vegas, NV
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.

Enterprise Auto Rental
(702) 365-6662
517 W Flamingo Rd
Las, Vegas, NV
 
Hertz - Encore Hotel
(702) 770-4388
3121 Las Vegas Blvd South
Las Vegas, NV
Hours
0700-1700 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , 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 the Las Vegas Strip.

Enterprise Auto Rental
(702) 894-9669
60 E Flamingo Rd
Las, Vegas, NV
 
Enterprise Auto Rental
(702) 876-4466
401 W Sahara Ave
Las, Vegas, NV
 
Enterprise Auto Rental
(702) 368-6972
811 W Sahara Ave
Las, Vegas, NV
 
Hertz - Harrahs Hotel and Casino
(702) 732-7349
3475 Las Vegas Blvd South
Las Vegas, NV
Hours
0700-1300 and 1400-1700 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , 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 right on the Las Vegas Strip. The counter is located in the lobby at the end of the check-in counter. After Hours - After hour returns are allowed. The entrance to the garage is in the rear of the property. Follow the signs for the self park garage, follow the return signs to level 6E. Park vehicle in the designated area. The drop box is located next to the counter. Drop the sealed envelope with the Rental Agreement and the keys into the drop box.

Hertz - Marriott Renaissance
(702) 732-1630
3400 Paradise Road
Las Vegas, NV
Hours
Mo-Sa 0800-1200,Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , 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 next door to the Las Vegas Convention Center. The counter is located just off the lobby in the business center. After Hours - After hour drops are allowed. Park vehicle in the self parking garage level 4. Record date, time, tank and mileage in the rental record, take elevator to the first floor. Drop box is located at Hertz counter, in the business center across from the garage elevators. Only vehicles rented from this location, can be returned to this location.

Hertz - Wynn Hotel and Casino
(702) 770-2204
3131 Las Vegas Boulevard South
Las Vegas, NV
Hours
0700-1700 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , 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 right on the Las Vegas Strip. The counter is locatedd just inside the doors of the garage on level 2. After Hours - After hour returns are allowed. Park vehicle on the second level of the self parking garage. Record date, time, fuel level, and mileage on the Rental Record. Proceed to the entrance through the vestibule. Place Rental Record and keys in drop box on the counter located just inside the double doors on your left.

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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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