Auto Leasing Guide
Go to LeaseGuide.com now !

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 - Minneapolis International Airport Lindbergh Terminal
(651) 698-9585
4300 Glumack Drive
Minneapolis, MN
Hours
24 Hours, 7 Days
Special Services
Child Seats, Gold Canopy , Hand Controls for Disabled Drivers Only In-Car Navigation System
Additional Information
The following airlines arrive at the Lindbergh Terminal: Air Canada, Alaska, American Airlines, Continental, Delta, Frontier Commuter, KLM Royal Dutch Airlines, Northwest, Northwest Airlink/Mesaba Airlines, Midwest, Midwest Express Airlines, United and US Airways. For other airlines please use the Hubert Humphrey Terminal location. Railroad - Approximately 20 minutes from the railroad station. Cab fare will be reimbursed up to USD 15.00 with receipt. Bus - Approximately 7.5 miles from the Gre

Budget Rent A Car
(763) 323-2987
2740 Main St Nw # 112
Coon Rapids, MN

Data Provided by:
Enterprise Rent-A-Car
(507) 664-9944
150 Water St S
Northfield, MN

Data Provided by:
Hertz - 703 17th Avenue Northwest HLE
(507) 433-1871
703 17th Avenue Northwest
Austin, MN
Hours
Mo-Fr 0730-1700, 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. Record the return date and time, mileage, and tank level on rental agreement jacket. Leave the keys and rental agreement in the drop box located next to the service desk. 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 - Cirrus Flight Operations
(763) 785-9373
10061 Central Avenue
Blaine, MN
Hours
0700-1800 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 - Rapid Rental HLE
(218) 326-0397
1887 East Highway 2
Grand Rapids, MN
Hours
Mo-Fr 0730-1700, Sa 0730-1600, Su 0900-1300
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.
Additional Information
Pick up time must be at least one hour after location opening and one hour prior to location closing.

Enterprise Auto Rental
(651) 457-7000
480 S. Robert Trail
Grove, Heigh, MN
 
Hertz - 1506 Broadway Street HLE
(320) 763-3138
1506 Broadway Street
Alexandria, MN
Hours
Mo-Fr 0730-1730, 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. Park in Hertz designated parking area. Place and keys and rental agreement in drop box located near the main entrance door. Pick up time must be at least one hour after location opening and one hour prior to location closing.

Hertz - Airmotive Enterprises
(218) 829-1832
16384 Aiport Road
Brainerd, MN
Hours
Mo-Fr 0800-1600, Sa-Su 1000-1400
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
Additional Information
After hour returns are allowed. Record the return date and time, mileage, and tank level on rental agreement jacket. Place the keys and rental agreement in the Hertz drop slot.

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...

Click here to read the rest of this article from Lease Guide