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Understanding Car Lease Residuals Milford OH

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.

Uhr Rents
(513) 528-6929
4513 Mount Carmel Tobasco Road
Cincinnati, OH

Data Provided by:
Ryder Transportation Services
(513) 771-1133
2575 Commodity Circle
Cincinnati, OH

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E-Con-O-Wise Rental Inc.
(513) 398-8626
781 Reading Road
Mason, OH

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Avis Budget Group
(859) 746-1859
P.O. Box 75109
Cincinnati, OH

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Enterprise Auto Rental
(513) 576-7999
30 State Route 28
Milford, OH
 
E Z Rent-All Co.
(513) 943-8000
3950 Nine Mile Road
Cincinnati, OH

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The Alleen Company
(513) 769-0393
11939 Tramway Drive
Cincinnati, OH

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One Stop Rental - Tool & Party
(513) 777-3393
7971-B Cincinnati Dayton Road
West Chester, OH

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SWAPALEASE Inc.
(513) 381-0100
9090 Colerain Avenue
Cincinnati, OH

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Hertz - Eastgate Batavia HLE
(513) 752-8780
4385 Elick Lane
Batavia, OH
Hours
Mo-Fr 0730-1800, 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., 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
Pick up time must be at least one hour after location opening and one hour prior to location closing.

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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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