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Understanding Car Lease Residuals Searcy AR

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.

Budget Rental Car
(501) 268-8235
1614 E. Booth Rd.
Searcy, AR
Hours
Mon-Sat 8to6
Special Services
Free pick up

Penske Truck Rental
(479) 750-4333
1507 W Shady Grove Rd
Springdale, AR
 
Mid America Vehicle Rentals & Sales
(870) 886-7689
307 W
Jonesboro, AR
 
Hertz Corp
(479) 750-4460
802 Airport Ave
Springdale, AR
 
Hertz - Jet Ride
(479) 444-6862
802 Airport Road
Springdale, AR
Hours
Mo-Fr 0730-1730
Sa 0830-1230
Su Closed
Special Services
Hand Controls for Disabled Drivers Only
Additional Information
After Hours - After hour returns are allowed. Complete check-in information on the front of the rental jacket. Place keys and rental jacket in the drop slot in the front door. This location was formerly known as 'Pinnacle Air Service'.

Enterprise Rent-A-Car
(501) 268-6099
2204 E Race Ave
Searcy, AR

Data Provided by:
Budget Car & Truck Rental
(479) 648-9103
6700 Mckennon Blvd
Fort Smith, AR
 
Avis Rent A Car
(910) 487-9065
419 Cross Creek Mall Ste 400
Fayetteville, AR
 
National Car Rental
(479) 478-0376
6700 Mckennon Blvd
Fort Smith, AR
 
Budget Truck Rental
(479) 783-1300
1000 Carthage St
Fort Smith, AR
 
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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