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Understanding Car Lease Residuals Sparks NV

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.

Cashman Equipment Co
(775) 358-5111
600 Glendale Ave
Sparks, NV
 
Penske Truck Rental
(775) 359-6226
1405 Glendale Ave
Sparks, NV
 
Enterprise Rent A Car
(775) 331-6888
1450 E Prater Way Ste 113
Sparks, NV
 
U-Haul Company
(775) 359-2912
1930 Prater Way
Sparks, NV
 
Enterprise Rent A Car
(775) 331-2390
1100 Nugget Ave
Sparks, NV
 
Silver State International Trucks
(775) 685-6000
2255 Larkin Cir
Sparks, NV
 
Enterprise Auto Rental
(775) 331-2390
100 Nugget Ave
Sparks, NV
 
Hertz Corp
(775) 359-9090
1610 Kleppe Ln
Sparks, NV
 
Paclease Preferred Truck Leasing
(775) 359-8840
1550 S Mccarran Blvd
Sparks, NV
 
Budget Truck Rental
(775) 356-2499
1595 Marietta Way
Sparks, NV
 

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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