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Understanding Car Lease Residuals North Richland Hills TX

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.

U-Haul Company
(817) 595-5914
6724 Baker Blvd
North Richland Hills, TX
 
Enterprise Rent A Car
(817) 514-3830
5700 Rufe Snow Dr
North Richland Hills, TX
 
U-Haul Company
(817) 577-1732
6550 Browning Dr
North Richland Hills, TX
 
U-Haul Company
(817) 656-2005
8221 Boulevard 26
North Richland Hills, TX
 
Enterprise Rent A Car
(817) 590-2300
7700 Boulevard 26
North Richland Hills, TX
 
Hertz - 8706 Airport Freeway HLE
(817) 595-1981
8706 Airport Freeway
North Richland Hills, TX
Hours
Mo-Fr 0700-1800, 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., 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.

Hertz Local Edition
(817) 581-9264
6920 NE Loop 820
North Richland Hills, TX
 
Penske Truck Rental
(817) 595-0797
7410 Boulevard 26
North Richland Hills, TX
 
U-Haul Company
(817) 284-2226
7047 Boulevard 26
North Richland Hills, TX
 
Enterprise Rent-A-Car
(817) 284-1067
7035 Grapevine Hwy
Fort Worth, TX

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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