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Understanding Car Lease Residuals New London 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 - 320 Thomas Road HLE
(860) 446-1200
320 Thomas Road
Groton, CT
Hours
Mo-Fr 0730-1800
Sa 0900-1300
Su 1300-1600
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., Ski Equipped Vehicles, 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 area. Place keys and rental record in the drop slot, located by the front door. Bus - Approximately 7 miles from the Greyhound station. Cab fare will be reimbursed up to $20.00 with receipt. Pick up time must be at least one hour after location opening and one hour prior to location closing.

Hertz - Mystic Depot Amtrak
(860) 446-1200
2 Roosevelt Avenue
Mystic, CT
Hours
Mo 0930-1630
Tu Closed
We-Fr 0930-1630
Sa 0900-1200
Su 1300-1600
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Ski Equipped Vehicles
Additional Information
This location is for Amtrak arrivals only.

U-Haul Company
(215) 348-1175
539 N Main St
New Britain, CT
 
Enterprise Auto Rental
(860) 549-5109
98 Asylum Avenue
Hartford, CT
 
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.

independent copier
(860) 739-6950
255 rte 12 #664
groton, CT
 
Hertz - New London Amtrak
(860) 446-1200
27 Water Street
New London, CT
Hours
Mo-Fr 0730-1800
Sa 0900-1200
Su 1300-1600
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Ski Equipped Vehicles
Additional Information
This location is for Amtrak arrivals only. There is not a Hertz location at the New London Amtrak. Please call the servicing location upon arrival - 860-446-1200. Cab fare will be reimbursed up to $20.00 with receipt. The Groton location is approximately 7 miles away.

Enterprise Rent A Car
(860) 232-6665
160 Park Rd
West Hartford, CT
 
Hertz - Marriott Hotel HLE
(860) 678-1000
15 Farms Springs Road
Farmington, CT
Hours
Mo-Fr 0800-1200 and 1300-1700
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., Ski Equipped Vehicles, 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. Do not lock vehicle. Park car in hotel lot. Take keys and rental record to the front desk and give to a hotel employee. Pick up time must be at least one hour after location opening and one hour prior to location closing.

Enterprise Rent-A-Car
(203) 874-7440
886 Bridgeport Ave
Milford, CT

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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