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Understanding Car Lease Residuals Reno NV

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 - Harrahs Reno
(775) 786-2527
219 North Center Street
Reno, NV
Hours
0800-1400 7 Days
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
After Hours - After hour returns are allowed.

Hertz - Silver Legacy Resort
(775) 325-7593
407 North Virginia Street
Reno, NV
Hours
0800-1400 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , 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 hour - After hour returns are allowed. Park vehicle on the 10th floor of the Silver Legacy parking garage in the Hertz stalls. Place completed rental agreement and keys in the drop box located at the rental desk of the Silver Legacy in the hotel lobby. Bus - Approximately 4 blocks fro the Greyhound station. Please call upon arrival for pickup service.

Hertz - Eldorado Hotel Casino
(775) 325-7593
345 North Virginia Street
Reno, NV
Hours
0800-1400 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Ski Equipped Vehicles
Additional Information
After Hours - After hour returns are allowed. Park vehicle on the 10th floor of the Silver Legacy parking garage in the Hertz stalls. Place completed rental agreement and keys in the drop box located at the rental desk of the Silver Legacy in the hotel lobby.

Enterprise Auto Rental
(775) 826-2442
378A Kietzke Lane
Reno, NV
 
Budget Truck Rental
(775) 356-2499
1595 Marietta Way
Sparks, NV
 
Hertz - Circus Circus Reno
(775) 325-7593
500 North Sierra Street
Reno, NV
Hours
0800-1400 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
After Hours - After hour returns are allowed. Please park the vehicle on the 10th floor of the Silver Legacy self parking garage. The drop box is located on the Hertz counter in the Silver Legacy lobby.

Hertz - Amtrak Reno Downtown
(775) 786-2527
135 East Commercial Road
Reno, NV
Hours
0800-1400 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only
Additional Information
After Hours - Please reserve at the Reno/Tahoe International Airport . Cab fare will be reimbursed up to $10.00 with receipt.

Enterprise Auto Rental
(775) 328-1671
09 W 4Th St
Reno, NV
 
Enterprise Auto Rental
(775) 325-3977
001 E Plumb Ln C/O Reno Arpt
Reno, NV
 
Hertz - Reno Tahoe International Airport
(775) 785-2554
2001 East Plumb Lane
Reno, NV
Hours
0600-0030 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
After Hours - After hour returns are allowed 0430-0530.

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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