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Understanding Car Lease Residuals Park City UT

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 - Park City Marriott HLE
(435) 655-0868
1895 Sidewinder Drive
Park City, UT
Hours
Mo-Fr 0800-1630, 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., Ski Equipped Vehicles, 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 vehicle in the lot. Drop box located to the right of front door.

Elite Limousine Service
(801) 484-7433
2001 Windsor Street
Salt Lake City, UT
Additional Information
Transportation Service, Limousine, Chauffeur Service, Car Service, Limo Rental
Hours
M24/7 services
Special Services
sedan service, suv service, van service, airport and hotel transportation, lincoln strectch limos, stretch limos, Limo Service

Affordable Rent-A-Car
(801) 266-7368
4000 S State St
Salt Lake City, UT
 
Enterprise Rent A Car
(801) 593-6007
865 W Gordon Ave
Layton, UT
 
Budget Truck Rental
(801) 575-2500
1486 N Main St
Layton, UT
 
Hertz - Million Air Orem Provo
(801) 434-4520
3421 Mike Jense Parkway
Orem, UT
Hours
Mo-Fr 0730-1800 Sa-Su 0800-1800.
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Ski Equipped Vehicles, Gold Counter Service
Additional Information
This location is for Private Flights only.

Hertz - SLC Amtrak
(801) 575-2683
340 South 600 West
Salt Lake City, UT
Hours
0600-0100 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Portable Phones , Ski Equipped Vehicles, Gold Counter Service
Additional Information
Railroad - Cab fare is reimbursed to the Airport with receipt.

Affordable Rent-A-Car
(801) 266-7368
4000 S State St
Salt Lake City, UT
 
Enterprise Rent-A-Car
(801) 534-1888
404 S 300 W
Salt Lake City, UT

Data Provided by:
U-Haul Company
(801) 280-1755
4502 New Bingham Hwy
West Jordan, UT
 
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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