Auto Leasing Guide
Go to LeaseGuide.com now !

Understanding Car Lease Residuals Millsboro DE

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
(302) 645-5005
18767 Coastal Hwy
Rehoboth Beach, DE

Data Provided by:
Enterprise Rent-A-Car
(302) 636-0660
1602 E Newport Pike
Newport, DE

Data Provided by:
Hertz - Penske Jet
(302) 428-0637
162 Old Churchman Road
New Castle, DE
Hours
0700-1900 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Gold Counter Service
Additional Information
This location is for Private Flights only.

Hertz - Cheswold Airport
(302) 678-0700
127 Durham Lane
Dover, DE
Hours
Mo-Fr 0800-1800
Sa 0900-1300
Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Gold Counter Service
Additional Information
After hours - After hour returns are allowed. Leave the keys and the contract with FBO personnel.

Enterprise Rent-A-Car
(302) 323-0850
190 S Dupont Hwy
New Castle, DE

Data Provided by:
Budget Rent A Car
(410) 213-7391
11930 Ocean Gtwy
Ocean City, MD

Data Provided by:
Hertz - Dassault Falcon Jet
(302) 428-0637
191 North Dupont Highway
New Castle, DE
Hours
Mo-Fr 0730-1900
Sa 0900-1300
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
(302) 674-5553
580 S Bay Rd
Dover, DE

Data Provided by:
Hertz - Aero Taxi
(302) 428-0637
110 Old Churchman Road
New Castle, DE
Hours
0700-1900 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Gold Counter Service
Additional Information
This location is for Private Flights only.

Enterprise Rent-A-Car
(302) 653-4330
119 N Dupont Blvd
Smyrna, DE

Data Provided by:
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...

Click here to read the rest of this article from Lease Guide