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Understanding Car Lease Residuals Somerset KY

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 Auto Rental
(502) 459-3115
360 Bardstown Rd
Louisville, KY
 
Enterprise Rent-A-Car
(859) 283-3040
5977 Merchants St
Florence, KY

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Enterprise Auto Rental
(502) 448-2211
911 Dixie Highway
Louisville, KY
 
Enterprise Auto Rental
(502) 479-3346
805 Taylorsville Rd
Louisville, KY
 
Budget Rent A Car
(502) 366-8555
4330 Crittenden Dr
Louisville, KY

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Enterprise Rent-A-Car
(502) 225-6316
114 W Crystal Dr # B
La Grange, KY

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Enterprise Auto Rental
(502) 363-4422
307 Preston Highway
Louisville, KY
 
Enterprise Auto Rental
(502) 778-0096
109 Dixie Hwy
Louisville, KY
 
Enterprise Auto Rental
(502) 254-2181
2003 Shelbyville Rd
Middletown, KY
 
Hertz - Barkley Regional Airport
(270) 744-6000
2901 Fisher Road
Paducah, KY
Hours
Mo-Fr 0630-2330
Sa 0830-1600
Su 1300-2330
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
After Hours - Meets NW flight 3322 at 2025 on Saturdays. After hour returns are allowed. Park the vehicle in the Hertz area, then place the keys and rental agreement in the drop box, located at the Hertz counter. If terminal is closed leave keys and contract in the vehicle and leave unlocked.

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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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