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Understanding Car Lease Residuals Lewiston ME

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.

LARRY STEWART INC.
207-3353-4133
53 LISBON RD
LISBON, ME
Additional Information
10 12 15 PASS VANS MINI VANS TRUCKS
Hours
7:30 AM 5:30 PM CLOSED SUNDAYS
Prices and/or Promotions
PRICED PER RENTAL CLASS
Special Services
HANDICAPPED CONTROLS AVAILABLE

Enterprise Rent-A-Car
(207) 615-0030
1001 Westbrook St
Portland, ME

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Alamo Rent A Car
(503) 252-7039
6935 NE 82nd Ave
Portland, ME
 
Enterprise Rent-A-Car
(207) 942-3772
1105 Hammond St # 2
Bangor, ME

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Hertz Penske Truck Rental
(503) 226-7971
1325 NW 14th Ave
Portland, ME
 
Budget Truck Rental
(503) 382-0001
2033 SW 4th Ave
Portland, ME
 
Paclease Truck Rental Western Peterbilt
(503) 233-7734
8828 NE Killingsworth St
Portland, ME
 
Cendant Car Rental Group Corporate Sales
(503) 282-2084
9115 NE Airport Way
Portland, ME
 
Hertz - Augusta State Airport
(207) 621-8116
75 Airport Road
Augusta, ME
Hours
Mo-Fr 0800-1700, Sa 0800-1400, Su 1200-1700
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Ski Equipped Vehicles, Gold Counter Service

Penske Truck Rental
(503) 283-2586
1 NE Columbia Blvd
Portland, ME
 
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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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