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Understanding Car Lease Residuals Oklahoma City OK

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 - Downtown OKC HLE
(405) 290-7772
2 Santa Fe Plaza
Oklahoma City, OK
Hours
Mo-Fr 0730-1800, 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., 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.

Enterprise Auto Rental
(405) 848-2499
407 Nw Expressway
Oklahoma, City, OK
 
Hertz - Wiley Post Service Center FBO
(405) 773-7212
7200 N W 63rd Street
Bethany, OK
Hours
0500-2200 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
This location is for Private Flights only.

Enterprise Rent-A-Car
(405) 685-4193
7100 Terminal Dr
Oklahoma City, OK

Data Provided by:
Hertz - AAR
(405) 681-2343
6611 South Meridian
Oklahoma City, OK
Hours
Su-Fr 0600-0100, Sa 0600-2400
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Gold Counter Service
Additional Information
This location is for Private Flight arrivals only.

Enterprise Auto Rental
(405) 236-1340
615 N Broadway Ave
Oklahoma, City, OK
 
Enterprise Auto Rental
(405) 685-8122
200 S Meridian Ave
Oklahoma, City, OK
 
Enterprise Auto Rental
(405) 755-2223
21 E. Memorial Road
Oklahoma, City, OK
 
Budget Rent A Car
(405) 632-6759
7401 S Shields Blvd
Oklahoma City, OK

Data Provided by:
Hertz - Oklahoma City Will Rogers World Airport
(405) 681-2341
7100 Terminal Drive
Oklahoma City, OK
Hours
0500-0030 7 Days
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 vehicle in the Hertz area in the parking garage. Place keys and rental record in the drop box located in the parking garage. Bus - Approximately 9.8 miles from the bus station. Railroad - For Amtrak arrivals only, Cab fare will be reimbursed up to $20.00 with receipt.

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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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