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Understanding Car Lease Residuals Mount Morris MI

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 - Bishop International Airport
(810) 234-2041
3425 West Bristol Road
Flint, MI
Hours
Mo-Fr 0730-0030, Sa 0900-1900, Su 0900-0030
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. Park vehicle in the Hertz lot. Place keys and completed rental contract in drop box located at the Hertz counter. Pick up time must be at least one hour after location opening and one hour prior to location closing.

Hertz - AV Flight
(810) 234-2041
3375 West Bristol Road
Flint, MI
Hours
Mo-Fr 0700-0030, Sa 0900-1900, Su 0900-0030
Special Services
Gold Canopy , 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.

U-Haul Company
(734) 454-9680
40671 Joy Rd
Canton, MI
 
Hertz - Carstar HLE
(269) 321-0497
6725 Lovers Lane
Portage, MI
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., 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
Pick up time must be at least one hour after location opening and one hour prior to location closing.

Hertz - Oakland Troy Executive Airport
(248) 435-3178
2670 Industrial Drive
Troy, MI
Hours
Mo-Fr 0700-1800, Sa 0900-1300, Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service

Enterprise Rent-A-Car
(810) 235-1101
3425 W Bristol Rd
Flint, MI

Data Provided by:
J C Auto Rental
(248) 855-4430
7020 Orchard Lake Rd
West Bloomfield, MI
 
Hertz - Harbour Air
(231) 946-7051
1150 Airport Access Road
Traverse City, MI
Hours
Mo 0900-2230, Tu-Th 0900-1700 and 2100-2200, Fr 0900-2230, Sa-Su 1000-1700
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service

Penske Truck Rental
(616) 531-6611
5475 Clay Ave SW
Wyoming, MI
 
Hertz - 1728 Maplelawn Drive HLE
(248) 816-2453
1728 Maplelawn Drive
Troy, MI
Hours
Mo-Fr 0730-1800, 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
Pick up time must be at least one hour after location opening and one hour prior to location closing.

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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