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Understanding Car Lease Residuals New Canaan CT

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 - 301 Merritt 7 HLE
(203) 849-7757
301 Merritt Seven
Norwalk, CT
Hours
Mo-Fr 0730-1800
Sa 0900-1200
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. In-Car Navigation System , 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 - Stamford Metro Center
(203) 324-3131
1 Station Place
Stamford, CT
Hours
Mo-Fr 0630-1900
Sa-Su 0800-1600
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , 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
Railroad - Located directly behind the railroad station. Hourly Rentals available - see US Products & Services.

Hertz - Greenwich Gulf
(203) 622-4044
111 West Putnam Avenue
Greenwich, CT
Hours
Mo-Fr 0630-1830
Sa 0700-1700
Su 0800-1400
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System

Hertz - General Electric Delivery Location
(203) 373-3541
3135 Easton Turnpike
Fairfield, CT
Hours
Mo-Fr 0830-1700
Sa-Su 0900-1500
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Gold Counter Service
Additional Information
This location is for General Electric employees only.

AAA Auto Rental
(203) 371-6957
887 Reservoir Ave
Bridgeport, CT
 
Hertz - Amtrak Station
(203) 324-3131
1 Station Place
Stamford, CT
Hours
Mo-Fr 0700-1900
Sa-Su 0800-1600
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System
Additional Information
This location is for Amtrak arrivals only.

Hertz - 465 West Main Street HLE
(203) 406-0203
465 West Main Street
Stamford, CT
Hours
Mo-Fr 0730-1800
Sa 0900-1200
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. In-Car Navigation System , 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 - 11 Norm Avenue HLE
(914) 242-0422
11 Norm Avenue
Bedford Hills, NY
Hours
Mo-Fr 0730-1800, Sa 0900-1200, 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. In-Car Navigation System , 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.

U-Haul Company
(203) 579-9191
3029 Fairfield Ave
Bridgeport, CT
 
Hertz - Westchester County Airport
(914) 948-1016
240 Airport Road
White Plains, NY
Hours
Mo-Fr 0600-2400, Sa 0800-2330, Su 0800-2400
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Portable Phones , Gold Counter Service
Additional Information
After Hours - Meets commercial flights if reservation is received during regular business hours. After hour returns are allowed. Park vehicle in the Hertz Ready Return Lot. Place keys and rental record in the drop box located on the guard booth.

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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