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Understanding Car Lease Residuals Ottumwa IA

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.

Budget Truck Rental
(319) 354-4784
1640 Highway 1 W Ste 1
Iowa City, IA
 
Enterprise Auto Rental
(515) 252-8800
551 100Th St.
Urbandale, IA
 
Brown Nationalease
(319) 833-8320
114 Monroe St
Waterloo, IA
 
Hertz - Mid-America Jet Center
(515) 285-9650
2606 McKinley Avenue
Des Moines, IA
Hours
0700-2200 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Gold Counter Service
Additional Information
This locatiion is for Private Flights only. No walkins allowed. Call letters or tail number of aircraft is required on reservation.

Hertz - Meredith Corporation
(515) 276-1177
1716 Locust Street
Des Moines, IA
Hours
Mo-Fr 0730-1730
Sa 0800-1200
Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
This location is Meredith Corporation use only. After Hours - After hour returns are allowed. Leave the keys and the contract with the security guard.

Hertz - Dubuque Jet Center
(563) 583-0267
11000 Airport Road
Dubuque, IA
Hours
0800-2200 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
This location is for Private Flights only. After Hours - After hour returns are allowed. Park the vehicle in front of the FBO. Leave the keys and contract in the drop box located on the Hertz counter.

Hertz - Pella Municipal Airport
(515) 285-1382
2119 Airport Road
Pella, IA
Hours
Mo-Fr 0800-1800
Sa-Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Gold Counter Service
Additional Information
This location is for Private Flights only.

Hertz - Karl Chevrolet HLE
(515) 964-9650
1101 Southeast Oralabor Road
Ankeny, IA
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.
Additional Information
After Hours - After hour returns are allowed. The drop box is located on the right side of the entrance. Pick up time must be at least one hour after location opening and one hour prior to location closing.

Linder Tire Service Inc
(319) 337-4163
632 S Riverside Dr
Iowa City, IA
 
U-Haul Company
(319) 232-3654
3633 University Ave
Waterloo, IA
 

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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