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Understanding Car Lease Residuals Newport KY

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.

E Z Rent-All Co.
(513) 943-8000
3950 Nine Mile Road
Cincinnati, OH

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Uhr Rents
(513) 528-6929
4513 Mount Carmel Tobasco Road
Cincinnati, OH

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The Alleen Company
(513) 769-0393
11939 Tramway Drive
Cincinnati, OH

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One Stop Rental - Tool & Party
(513) 777-3393
7971-B Cincinnati Dayton Road
West Chester, OH

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Hertz - Air 10
(859) 767-3535
358 Wilmer Avenue
Cincinnati, OH
Hours
0500-0200 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
This location is for Private Flights only. Previously known as Midwest Jet Center.

Avis Budget Group
(859) 746-1859
P.O. Box 75109
Cincinnati, OH

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Ryder Transportation Services
(513) 771-1133
2575 Commodity Circle
Cincinnati, OH

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SWAPALEASE Inc.
(513) 381-0100
9090 Colerain Avenue
Cincinnati, OH

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Hertz - Odyssey Aviation
(513) 533-3161
4700 Airport Road
Cincinnati, OH
Hours
Mo-Fr 0830-1630, Sa-Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Gold Counter Service
Additional Information
After Hours - After hour returns are allowed. Park car in Hertz area, leave keys and rental record in the drop box at the counter. Will deliver vehicles to Executive Jet Management.

Enterprise Auto Rental
(513) 871-4114
62 Wilmer Ave
Cincinnati, OH
 
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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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