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Understanding Car Lease Residuals Los Alamos NM

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 - Los Alamos Airport HLE
(505) 662-8907
1040 Airport Road
Los Alamos, NM
Hours
Mo-Fr 0730-1800, Sa 0730-1300, Su 0730-1500
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
After Hours - After hour returns are allowed.

Penske Truck Rental
(575) 526-9024
2001 S Valley Dr
Las Cruces, NM
 
Hertz - Atlantic Aviation
(505) 327-6093
1300 West Navajo Street
Farmington, NM
Hours
Mo-Fr 0700-2000, Sa 0800-1500, Su 1000-2000
Special Services
Hand Controls for Disabled Drivers Only , Ski Equipped Vehicles
Additional Information
This location is for private flights only. No walkins permitted. Formerly known as 7 Bar Four Corners.

Hertz - Albuquerque International Airport
(505) 842-4235
3400 University Southeast
Albuquerque, NM
Hours
0500-0100 7 Days
Special Services
Child Seats, Gold Canopy , Hand Controls for Disabled Drivers Only In-Car Navigation System , Ski Equipped Vehicles
Additional Information
After Hours - After hour returns are allowed.

Hertz - Ramada Palms Inn HLE
(575) 521-4807
201 East University
Las Cruces, NM
Hours
Mo-Fr 0700-1800, Sa 0900-1300, 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 , Ski Equipped Vehicles, 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.

Hertz - Atlantic Aviation
(505) 842-4235
2505 Clark Carr Loop S.E.
Albuquerque, NM
Hours
0500-0100 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Ski Equipped Vehicles, Gold Counter Service
Additional Information
This location is for Private Flights only.

Enterprise Rent-A-Car
(505) 473-3600
2641 Cerrillos Rd # A
Santa Fe, NM

Data Provided by:
Hertz - Dona Ana County Airport
(915) 775-6960
8000 Airport Road
Santa Teresa, NM
Hours
0500-2400 7 days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System

Hertz - Southwest Aviation
(575) 521-4807
9050 Zia Boulevard
Las Cruces, NM
Hours
Mo-Fr 0830-1630, Sa 1000-1200, Su closed.
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
This location is for Private Flights only.

Enterprise Auto Rental
(505) 248-9933
502 Clark-Carr Loop Se
Albuquerque, NM
 
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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