Auto Leasing Guide
Go to LeaseGuide.com now !

Understanding Car Lease Residuals Muscle Shoals AL

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 - Thornton Chrysler Dodge HLE
(256) 764-0881
2354 Florence Blvd.
Florence, AL
Hours
Mo-Fr 0800-1700
Sa-Su Closed
Special Services
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.

Enterprise Rent-A-Car
(334) 277-4300
185 Eastern Blvd
Montgomery, AL

Data Provided by:
Hertz - Dothan Municipal Airport
(334) 983-4514
800 Airport Drive
Dothan, AL
Hours
Mo-Th 0800-2230
Fr 0800-1830
Sa 0900-1730
Su 0900-2230
Special Services
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
Additional Information
After Hours - After hour returns are allowed Monday-Friday 0430-2400, Saturday 0430-2200, Sunday 0630-2400. Park the vehicle in the Hertz area, place keys and rental record in drop box at the Hertz counter. Bus - approximately 10 miles from the bus station. Pickup service may be available, please call upon arrival.

Hertz - St Clair County Airport
(205) 591-6090
240 Airport Road
Pell City, AL
Hours
0900-1700 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
This location is for Private Flights only.

Enterprise Auto Rental
(256) 464-5609
300 Madison Blvd
Madison, AL
 
Enterprise Rent-A-Car
(256) 767-0292
2321 Mall Rd
Florence, AL

Data Provided by:
Enterprise Auto Rental
(334) 280-3200
958 E South Blvd
Montgomery, AL
 
Enterprise Rent-A-Car
(251) 639-9609
8461 Airport Blvd
Mobile, AL

Data Provided by:
Hertz - AAA Alabama HLE
(334) 409-2442
6901 Vaughn Road
Montgomery, AL
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.

Enterprise Rent-A-Car
(334) 265-1900
123 Dickerson St
Montgomery, AL

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