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Understanding Car Lease Residuals Spanish Fork UT

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 - Provo Marriott HLE
(801) 404-0931
101 West 100 North
Provo, UT
Hours
Mo-Fr 0800-1600, 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.

Hertz - 656 South State Street HLE
(801) 434-4520
656 South State Street
Orem, UT
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 , 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.
Additional Information
After Hours - After hour returns are allowed. Record date, time, fuel level, and mileage information on the Rental Agreement jacket. Deposit in the drop box located by the front door.

Enterprise Rent A Car
(801) 225-3222
1680 S State St
Orem, UT
 
Enterprise Rent-A-Car
(801) 225-3222
1680 S State St
Orem, UT

Data Provided by:
Hertz Penske Truck Rental
(801) 426-0699
155 W 800 N
Orem, UT
 
Hertz Corp
(801) 221-1540
656 S State St
Orem, UT
 
U-Haul Company
(801) 223-9968
1042 S Geneva Rd
Orem, UT
 
Penske Truck Rental
(801) 224-6917
155 W 800 N
Orem, UT
 
Hertz Corp
(801) 431-0581
840 Industrial Park Dr
Orem, UT
 
Avis Rent A Car
(801) 224-0570
1371 S State St
Orem, UT
 
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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