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Understanding Car Lease Residuals Sun City AZ

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.

Budget Truck Rental
(623) 214-0482
17150 N 134th Dr
Surprise, AZ
 
Enterprise Rent-A-Car
(623) 583-9920
13420 W Bell Rd
Surprise, AZ

Data Provided by:
U-Haul Company
(623) 975-1173
13440 W Bell Rd
Surprise, AZ
 
Acura of Peoria
(602) 486-0392
9190 W. Bell Rd.
Phoenix, AZ
 
Hertz - 9875 West Bell Road HLE
(623) 875-3474
9875 West Bell Road
Sun City, AZ
Hours
Mo-Fr 0730-1800
Sa-Su 0900-1300
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.

Enterprise Rent A Car
(623) 583-9920
12751 W Bell Rd Ste 7
Surprise, AZ
 
National Car Rental / Alamo Rent-A-Car
(602) 275-4771
15000 N Airport
Scottsdale, AZ
 
Enterprise Rent-A-Car
(623) 875-2901
17261 N
Peoria, AZ
 
Laz Auto Rental & Sales
(623) 974-4041
12881 W Grand Ave
Surprise, AZ
 
Hertz - 7422 West Thunderbird HLE
(623) 487-0670
7422 West Thunderbird
Peoria, AZ
Hours
Mo-Fr 0700-1730
Sa 0900-1230
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
After Hours - After hour returns are allowed. Park vehicle in Hertz stalls near the service drive. Place completed rental agreement and keys in the drop box provided labeled Key Watcher which is shared with AAA on the service drive. Pick up time must be at least one hour after location opening and one hour prior to location closing.

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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