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Understanding Car Lease Residuals Pekin IL

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 - Byerly Flying Service
(309) 697-0650
6100 West Everett McKinley Dirksen Parkway
Peoria, IL
Hours
Mo-Fr 0700-2230
Sa-Su 0900-2230
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System
Additional Information
This location is for Private Flights only.

Hertz - Komatsu America Co.
(309) 697-0650
2300 N. E. Adams
Peoria, IL
Hours
Mo-Fr 0700-1900
Sa-Su 0900-1700
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System
Additional Information
This location is for Komatsu Employees Only. This locations is for Private Flights only.

Enterprise Auto Rental
(309) 633-2200
100 W Everett M Dirksen Pkwy
Peoria, IL
 
Enterprise Rent-A-Car
(309) 676-5800
203 NE Jefferson Avenue
Peoria, IL
 
Enterprise Auto Rental
(309) 682-6700
212 N University St
Peoria, IL
 
Hertz - Greater Peoria Airport
(309) 697-0650
6100 West Everett McKinley Dirksen Parkway
Peoria, IL
Hours
Mo-Fr 0700-2300
Sa 0800-1800
Su 0800-2300
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Gold Counter Service
Additional Information
After Hours - Meets scheduled flights Sunday through Friday, and American Eagle flight 3571 arriving at 2115 and United Express flight 6520 arriving at 2050 on Saturday as long as the reservation is received 24 hours in advance. After hour returns are allowed 0400-0030. Park the vehicle in the Hertz area, then leave the keys and rental agreement in the drop box, located at the counter. Bus - Approximately 7 miles from bus station. Cab fare will be reimbursed up to $8.55 with receipt.

Enterprise Rent-A-Car
(309) 633-2200
6100 W Everett M Dirksen Pkwy
Bartonville, IL

Data Provided by:
Enterprise Auto Rental
(309) 694-2555
00 Fairlane Drive
East, Peoria, IL
 
Enterprise Auto Rental
(309) 676-5800
03 Ne Jefferson Ave
Peoria, IL
 
Enterprise Rent-A-Car
(309) 263-6600
2271 S Main St
Morton, IL

Data Provided by:
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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