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Understanding Car Lease Residuals Los Lunas 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 - Bode Aviation
(505) 899-5980
7401 Paseo Del Volcan Northwest
Albuquerque, NM
Hours
0800-2000 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Ski Equipped Vehicles
Additional Information
This location is for Private Flights only. Located at the Double Eagle Airport.

Hertz - Adventure Aviation
(575) 521-4807
8960 Zia Blvd
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 Rent-A-Car
(575) 434-9010
1200 N White Sands Blvd # 109
Alamogordo, NM

Data Provided by:
Enterprise Auto Rental
(505) 883-0300
000-B San Mateo Boulevard
Albuquerque, NM
 
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.

Enterprise Auto Rental
(505) 765-9100
400 University Ave Suite D
Albuquerque, NM
 
Las Cruces Shuttle & Taxi
(575) 525-1784
Po Box 3172
Las Cruces, NM
 
Premier Transportation
(575) 523-9393
1308 Arizona Ave
Las Cruces, NM
 
Hertz - Cutter Aviation FBO
(505) 243-7011
2502 Clark Car Loop Southeast
Albuquerque, NM
Hours
0700-2200 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Ski Equipped Vehicles, Gold Counter Service
Additional Information
After Hours - After hour reservations are allowed. Please call the Albuquerque International Airport location, 3400 University S. E. upon arrival to for pickup or delivery service - 505-842-4235.

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

Data Provided by:
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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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