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Understanding Car Lease Residuals Powhatan VA

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
(804) 378-2800
11944 Midlothian Tpke # A
Midlothian, VA

Data Provided by:
Enterprise Auto Rental
(804) 364-3000
2050 W Broad St
Richmond, VA
 
Enterprise Auto Rental
(804) 560-9494
400 Midlothian Turnpike
Richmond, VA
 
Hertz - Midlothian Turnpike HLE
(804) 794-2690
10803 Midlothian Turnpike
Richmond, VA
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. In-Car Navigation System , 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
Pick up time must be at least one hour after location opening and one hour prior to location closing.

Enterprise Auto Rental
(804) 346-8666
919 W Broad St
Richmond, VA
 
Hertz - Capital One
(804) 855-6555
15000 Capital One Drive
Richmond, VA
Hours
Mo-Fr 0700-1800, Sa-Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , 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
This location is for Capital One Employees Only. The vehicle will be delivered to Gold members within the complex. All other renters may pickup at the Hertz counter. After Hours - After hour returns are allowed. Park in the Hertz designated space and lock all doors. Record return date, time, mileage, and tank level on the rental agreement. Leave keys and rental agreement in Hertz rental return box located in the stairwell entry in front of the Capital One Town Center next to the parking lot

Hertz - Phillip Morris USA Moorefield Park
(804) 222-7228
9711 Farrar Court
Richmond, VA
Hours
Mo-Fr 0900-1600, Sa-Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
This location is for Phillip Morris employees.

Enterprise Auto Rental
(804) 330-3030
028-A Midlothian Turnpike
Richmond, VA
 
Enterprise Auto Rental
(804) 217-6323
001 W Broad St
Richmond, VA
 
Enterprise Auto Rental
(804) 270-4200
406 W Broad St
Richmond, VA
 
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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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