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Understanding Car Lease Residuals New Iberia LA

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
(337) 364-5851
2215 Highway 14
New Iberia, LA

Data Provided by:
Enterprise Auto Rental
(337) 237-2864
800 West Pinhook Road
Lafayette, LA
 
Hertz - Paul Fournet Air Service
(337) 233-7010
118 John Glenn Drive
Lafayette, LA
Hours
Mo-Fr 0700-2200, Sa-Su 0800-2200
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service

Enterprise Auto Rental
(337) 232-5493
00 Terminal Dr
Lafayette, LA
 
Enterprise Auto Rental
(337) 993-8444
879-B Johnston St
Lafayette, LA
 
Hertz - Odyssey Aviation
(337) 233-7010
123 Grissom Drive
Lafayette, LA
Hours
Mo-Fr 0700-2200, Sa-Su 0800-2200
Special Services
Child Seats
Additional Information
This location is for Private Flights only. Formerly known as Lafayette Aero.

Hertz - Lafayette Regional Airport
(337) 233-7010
200 Terminal Drive
Lafayette, LA
Hours
Mo-Fr 0730-2230, Sa 1000-2130, Su 0830-2230
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Portable Phones , Gold Counter Service
Additional Information
After Hours - Meets flight CO3040 arriving at 2349 if reservation is received during regular business hours. After hour returns are allowed. Park vehicle in a Hertz stall directly in front of the terminal. Note ending mileage and fuel level on the contract and place with the keys in the drop box located at the counter. Bus - Approximately 3.5 miles from the bus station. Cab fare will be reimbursed up to $20.00 with receipt.

Enterprise Auto Rental
(337) 269-0170
700 Sw Evangeline Trwy
Lafayette, LA
 
Enterprise Auto Rental
(337) 235-6611
020 Ne Evangeline Thruway
Lafayette, LA
 
Enterprise Rent-A-Car
(337) 235-6611
1020 Ne Evangeline Trwy
Lafayette, LA

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...

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