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Understanding Car Lease Residuals North Las Vegas NV

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.

Penske Truck Rental
(702) 643-0385
4510 Vanderberg
North Las Vegas, NV
 
Kenworth Sales Las Vegas
(702) 399-2424
3033 Losee Rd
North Las Vegas, NV
 
Mccandless Isuzu Trucks
(702) 642-2065
3780 Losee Rd
North Las Vegas, NV
 
Dollar
(702) 657-9908
2450 Las Vegas Blvd N
North Las Vegas, NV
 
Paclease Preferred Truck Leasing
(702) 657-1500
4120 Donovan Way
North Las Vegas, NV
 
Enterprise Rent-A-Car
(702) 643-3605
5070 E Cartier Ave
Las Vegas, NV

Data Provided by:
Budget Car & Truck Rental
(702) 736-1212
2000 Las Vegas Blvd N
North Las Vegas, NV
 
Peterbilt of Las Vegas
(702) 657-1500
4120 Donovan Way
North Las Vegas, NV
 
ATV Cycle Sports
(702) 222-3586
4440 E Craig Rd Ste 300
Las Vegas, NV
 
U-Haul Company
(702) 642-0319
160 W Craig Rd
North Las Vegas, NV
 
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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