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Understanding Car Lease Residuals Roanoke 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.

Hertz - Roanoke Regional Airport
(540) 366-3421
5202 Aviation Drive Northwest
Roanoke, VA
Hours
Mo-Fr 0700-2330, Sa 0800-2300, Su 0800-2400
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Gold Counter Service
Additional Information
After Hours - After hour returns are allowed. Park vehicle in the Hertz area. Place keys and rental record in the drop box located at the counter Bus - Approximately 6 miles from the Trailways station. Approximately 5 miles from the Greyhound station. Cab fare will be reimbursed up to $5.00 with receipt.

Hertz - First Team Autobody HLE
(540) 362-1547
6520 Peters Creek Road
Roanoke, VA
Hours
Mo-Fr 0800-1730, Sa-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
Additional Information
Pick up time must be at least one hour after location opening and one hour prior to location closing.

Enterprise Rent-A-Car
(540) 772-8262
4385 Electric Rd
Roanoke, VA

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Enterprise Rent-A-Car
(757) 306-7395
2717 Virginia Beach Blvd
Virginia Beach, VA

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Enterprise Auto Rental
(757) 853-7700
561 North Military Hwy.
Norfolk, VA
 
Hertz - Landmark Aviation
(540) 366-3421
22 Waypoint Drive
Roanoke, VA
Hours
Mo-Fr 0700-2330, Sa 0800-2300, Su 0800-2400
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
This location is for Private Flights only.

Hertz - Wells Fargo Call Center
(540) 387-0539
7711 Plantation Road
Roanoke, VA
Hours
Mo-Sa 0800-1730, Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
This location is for Wells Fargo/Wachovia Employees only.

Hertz - 231 East 4th Street HLE
(540) 387-0539
231 East 4th Street
Salem, 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.

Hertz - Embassy Suites Tysons Corner HLE
(703) 288-0206
8517 Leesburg Pike
Vienna, VA
Hours
Mo-Fr 0730-1800, Sa-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
Located on Route 7, Leesburg Pike, on the border of Tysons Corner and Vienna. Hertz counter is located next to the pool entrance, and adjacent the business center. The parking stalls are located in the side lot. Pick up time must be at least one hour after location opening and one hour prior to location closing.

Hertz - Oceana HLE
(757) 437-8243
Navy Exchange
Virginia Beach, VA
Hours
Mo-Fr 0730-1700, 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
Located on a military installation. Access to the military installation is required. Pickup and return service is only available within the installation. 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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