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Understanding Car Lease Residuals Stony Brook NY

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 - 2267 Middle Country Road HLE
(631) 737-2237
2267 Middle Country Road
Centereach, NY
Hours
Mo-Fr 0800-1730, Sa 0800-1500, 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
(631) 864-2414
863 W Jericho Tpke
Smithtown, NY

Data Provided by:
Hertz - ExcelAire FBO
(877) 326-4545
2221 Smithtown Avenue
Ronkonkoma, NY
Hours
0700-1900 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Gold Counter Service
Additional Information
This location is for Private Flights only. This location was formerly known as 'Landmark Aviation'.

Hertz - Mid Island Air Service / New York Jet
631-737-9204 x 17
101 Hering Drive
Ronkonkoma, NY
Hours
0700-2300 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Gold Counter Service
Additional Information
This location is for Private Flights only. This location is also known as 'New York Jet'.

Hertz - Islip MacArthur Airport
(631) 737-9200
4300 Johnson Avenue
Islip, NY
Hours
Mo-Tu 0700-2400, We-Th 0800-2400, Fr 0700-2400, Sa-Su 0800-2400
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Gold Counter Service
Additional Information
After Hours - After hour returns are allowed 0500 to open. A receipt will be issued at time of return, or it will be mailed to you. Railroad - Approximately 1.5 miles from the railroad station. Cab fare will be reimbursed up to $20.00 with a receipt.

Hertz - 4869 Nesconset Highway HLE
(631) 474-1967
4869 Nesconset Highway
Port Jefferson, NY
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 , 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.

Hertz - 920 West Jericho Turnpike HLE
(631) 543-0143
920 West Jericho Turnpike
Smithtown, NY
Hours
Mo-Fr 0730-1800, Sa 0900-1200, Su Closed
Special Services
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.

Hertz - Executive Fliteways
(631) 588-5454
One Clark Drive
Ronkonkoma, NY
Hours
0700-2300 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Gold Counter Service
Additional Information
This location is for Private Flights only.

Hertz - Sheltair Aviation Islip
(631) 588-5454
90 Arrival Avenue
Ronkonkoma, NY
Hours
0700-2300 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Gold Counter Service
Additional Information
Formerly known as Long Island Jet Center. This location is for Private Flights only.

Hertz - Excalibur Auto Body HLE
(631) 474-1967
3165 Route 112
Medford, NY
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. 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.

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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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