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Understanding Car Lease Residuals Owatonna MN

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 - 3M Aviation
(651) 457-2788
690 Bayfield Street
St. Paul, MN
Hours
24 Hours, 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
This location is for Private Flights only.

Hertz - Blaine HLE
(763) 785-9373
9877 North Airport Road Northeast
Blaine, MN
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., 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
Located at Key Air FBO. Pick up time must be at least one hour after location opening and one hour prior to location closing.

Enterprise Auto Rental
(651) 228-0088
00 University Ave.
Saint, Paul, MN
 
Hertz - Deanos Collision HLE
(763) 785-9373
11063 173rd Avenue Northwest
Elk River, MN
Hours
Mo-Fr 0700-1730, Sa-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. Pick up time must be at least one hour after location opening and one hour prior to location closing.

Hertz - Elliott Aviation
(952) 233-1640
13801 Pioneer Trail
Eden Prairie, MN
Hours
0500-2200 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only
Additional Information
This location is for Private Flights only. Located at the Flying Cloud Airport, 15 miles west of the Minneapolis International Airport.

Hertz - Chisolm Hibbing Airport
(218) 829-1832
11038 Highway 37
Hibbing, MN
Hours
Mo-Fr 1100-1200 and 1400-1500, Sa-Su 1400-1500
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
After Hours - After hour returns are allowed. Record the return date and time, mileage, and tank level on rental agreement. Leave the keys and rental agreement in the drop box located on the Hertz counter.

Enterprise Auto Rental
(651) 457-7000
480 S. Robert Trail
Grove, Heigh, MN
 
Hertz - Executive Aviation
(651) 698-9585
9960 Flying Cloud Drive
Eden Prairie, MN
Hours
Mo-Fr 0800-2000, 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. Located at the Flying Cloud Airport, 15 miles west of the Minneapolis International Airport.

Budget Rent A Car
(952) 445-8763
491 Marschall Rd
Shakopee, MN

Data Provided by:
Enterprise Auto Rental
(763) 493-3085
200 Lakeland Ave N
Brooklyn, Park, MN
 
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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