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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

Paclease Truck Rental Western Peterbilt
(503) 233-7734
8828 NE Killingsworth St
Portland, ME
 
Hertz
(207) 621-8116
75 Airport Road
Augusta, ME
 
Hertz - Avitat
(207) 942-5519
188 Maine Avenue
Bangor, ME
Hours
Mo-Fr 0630-2300, Sa 0900-1700, Su 0800-2300
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Ski Equipped Vehicles
Additional Information
This location is for Private Flights only.

Hertz - 202 Warren Avenue HLE
(207) 797-7156
202 Warren Avenue
Portland, ME
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. Place completed rental agreement and keys in the drop box located on the wall.

Budget Car Rental
(503) 288-2985
2323 NE Columbia Blvd
Portland, ME
 
Budget Truck Rental
(503) 382-0001
2033 SW 4th Ave
Portland, ME
 
National Car Rental
(503) 281-4856
9225 NE Airport Way
Portland, ME
 
Hertz - Sanford Airport
(603) 422-6707
199 Airport Road
Sanford, ME
Hours
Mo-Fr 0900-1700, Sa-Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only
Additional Information
This location is for Private Flights only.

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