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Understanding Car Lease Residuals Sewell NJ

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 - Boggs Auto Body HLE
(856) 853-0740
1583 Gateway Blvd
Woodbury, NJ
Hours
Mo-Fr 0800-1800, 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
Pick up time must be at least one hour after location opening and one hour prior to location closing.

Budget Rent A Car
(856) 784-1435
6 S White Horse Pike
Stratford, NJ

Data Provided by:
U-Haul Company
(856) 966-5428
1217 Mount Ephraim Ave
Camden, NJ
 
Hertz - Piazza Honda of Philadelphia HLE
(215) 365-3374
6935 Essington Avenue
Philadelphia, PA
Hours
Mo-Fr 08001200 and 1300-1700, 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 , 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 Rent-A-Car
(215) 492-9766
7001 Essington Ave
Philadelphia, PA

Data Provided by:
Enterprise Rent-A-Car
(856) 939-2801
50 W Clements Bridge Rd
Runnemede, NJ

Data Provided by:
Hertz - AAA Voorhees
(856) 679-2619
700 Laurel Oak Road
Voorhees, NJ
Hours
Mo 0730-1800, Tu-Fr 0800-1800, 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
After Hours - After hours returns are allowed 0600-2300. Place keys and rental agreement in drop box located on the right side of the main entrance. Pick up time must be at least one hour after location opening and one hour prior to location closing.

Enterprise Auto Rental
(215) 492-0626
Hilly Int'L Airport-Arrivl Rd
Philadelphia, PA
 
Hertz - Cherry Hill Saw Mill HLE
(856) 428-1065
404 Route 70
Cherry Hill, NJ
Hours
Mo 0700-1800 Tu-Fr 0800-1800, 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 , 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 in the Saw Mill Village Shopping Center, approximately 2 1/2 miles east of Cherry Hill Crowne Plaza, right across the street from the Barclay Shopping Center. After Hours - After hour returns are allowed. Place keys and rental record in drop box located outside of door. Pick up time must be at least one hour after location opening and one hour prior to location closing.

Enterprise Rent-A-Car
(856) 467-2040
617 Auburn Ave
Swedesboro, NJ

Data Provided by:
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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