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Understanding Car Lease Residuals Meridian ID

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
(208) 888-3559
613 S Meridian Rd
Meridian, ID
 
U-Haul Company
(208) 846-9482
2055 S Locust Grove Rd
Meridian, ID
 
Dan Wiebold Ford
(866) 854-3061
5707 East Gate Blvd
Nampa, ID
 
Enterprise
(208) 468-2330
15700 Can Ada Rd
Nampa, ID
 
Champion Motors
(208) 461-1444
705 N Franklin Blvd
Nampa, ID
 
U-Haul Company
(208) 893-5180
2490 W Franklin Rd
Meridian, ID
 
Penske Truck Rental
(208) 938-0846
943 W Overland Rd
Meridian, ID
 
Enterprise Auto Rental
(208) 321-7936
213 W Fairview Ave
Boise, ID
 
Enterprise Auto Rental
(208) 672-0585
33 Auto Dr
Boise, ID
 
Uts Nationalease
(208) 468-9401
915 E Karcher Rd
Nampa, ID
 

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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