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Understanding Car Lease Residuals Pikeville KY

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.

Enterprise Rent-A-Car
(606) 437-0081
4559 N Mayo Trl
Pikeville, KY

Data Provided by:
Hertz - 127 Gold Vault Road HLE
(504) 942-9783
127 Gold Vault Road
Fort Knox, KY
Hours
Mo-Fr 0900-1900
Sa 0900-1300
Su 1200-1500
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
(502) 589-2211
33 S 8Th St
Louisville, KY
 
Enterprise Rent-A-Car
(502) 778-0096
2109 Dixie Hwy
Louisville, KY

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Enterprise Auto Rental
(502) 966-8455
505 Poplar Level Road
Louisville, KY
 
Budget Rent A Car
(502) 366-8555
4330 Crittenden Dr
Louisville, KY

Data Provided by:
Enterprise Rent-A-Car
(859) 425-4077
4000 Terminal Dr
Lexington, KY

Data Provided by:
Budget Rent A Car
(859) 258-2024
2901 Richmond Rd
Lexington, KY

Data Provided by:
Enterprise Auto Rental
(502) 458-5522
149 Bardstown Rd
Louisville, KY
 
Hertz - 650 Versailles Road HLE
(502) 352-2775
650 Versailles Road
Frankfort, KY
Hours
Mo-Fr 0730-1800
Sa 0900-1300
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.

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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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