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Understanding Car Lease Residuals Silver City NM

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
(575) 234-1177
1710 S Canal St
Carlsbad, NM

Data Provided by:
Enterprise Rent-A-Car
(575) 763-9733
301 E 1st St
Clovis, NM

Data Provided by:
Enterprise Auto Rental
(505) 424-1134
961 Cerrillos Rd
Santa, Fe, NM
 
Enterprise Auto Rental
(505) 266-6616
833 Lomas Boulevard Ne
Albuquerque, NM
 
Go Transportation Inc
(575) 527-5236
4235 Lost Ln
Las Cruces, NM
 
Hertz - Roswell Industrial Air Center
(575) 347-2211
1 Jerry Smith Circle
Roswell, NM
Hours
Mo-Fr 0800-2100, Sa 0800-1400, Su 1000-2100
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., Ski Equipped Vehicles, Gold Counter Service
Additional Information
After Hours - After hour returns are allowed Monday-Saturday 0600-0800, Sunday 0800-1000. Park the vehicle in the Hertz area. Place keys and rental record in the drop box, located at the counter.

Star Fire Transportation
(575) 522-0750
5010 Anasazi Trl
Las Cruces, NM
 
Enterprise Auto Rental
(505) 248-9868
01 3Rd St Nw Ste P
Albuquerque, NM
 
Enterprise Auto Rental
(505) 296-8272
104 Montgomery Blvd Ne
Albuquerque, NM
 
Hertz - Coors HLE
(505) 899-5980
9421 Coors Blvd. N W
Albuquerque, NM
Hours
Mo-Fr 0700-1800, Sa 0900-1300, 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 , 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.

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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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