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Understanding Car Lease Residuals Mankato MN

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
(507) 664-9944
150 Water St S
Northfield, MN

Data Provided by:
Hertz - 13766 Airport Drive HLE
(218) 681-4111
13766 Airport Drive
Thief River Falls, MN
Hours
Mo-Fr 0800-1730, Sa-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.
Additional Information
After Hours - After hour returns are allowed.

Hertz - Rays Auto Body of Princeton HLE
(763) 389-0138
31320 125th Street Northwest
Princeton, MN
Hours
Mo-Fr 0730-1630, Sa-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., 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. Record the return date and time, mileage, and tank level on rental agreement. Leave the keys and rental agreement in the drop box located by the service door. Pick up time must be at least one hour after location opening and one hour prior to location closing.

Budget Rent A Car
(763) 323-2987
2740 Main St Nw # 112
Coon Rapids, MN

Data Provided by:
Enterprise Auto Rental
(651) 228-0088
00 University Ave.
Saint, Paul, MN
 
Enterprise Rent-A-Car
(218) 828-0200
14695 Edgewood Dr
Baxter, MN

Data Provided by:
Enterprise Auto Rental
(763) 533-1700
223 Brooklyn Blvd
Brooklyn, Center, MN
 
Hertz - Johns Body Shop HLE
(218) 732-3273
1007 Park Avenue South
Park Rapids, MN
Hours
Mo-Fr 0800-1700, Sa-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., 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. Record the return date and time, mileage, and tank level on rental agreement. Leave the keys and rental agreement in the drop slot located in the front door of the bodyshop.

Enterprise Rent-A-Car
(952) 938-8825
10841 Excelsior Bl
Hopkins, MN

Data Provided by:
Enterprise Auto Rental
(612) 824-8088
504 Lyndale Ave S
Minneapolis, MN
 
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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