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Understanding Car Lease Residuals Valley AL

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 Rent-A-Car
(334) 749-6767
1220 Fox Run Ave Ste C6
Opelika, AL

Data Provided by:
Enterprise Auto Rental
(251) 662-0339
675 Three Notch Rd Ste A
Mobile, AL
 
Hertz - AAA Alabama HLE
(334) 409-2442
6901 Vaughn Road
Montgomery, AL
Hours
Mo-Fr 0730-1800
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.
Additional Information
Pick up time must be at least one hour after location opening and one hour prior to location closing.

Enterprise Auto Rental
(334) 265-1900
23 Dickerson St
Montgomery, AL
 
Hertz - Signature Flight Support
(256) 772-9331
2000 Houston Goodson Way
Huntsville, AL
Hours
Mo-Fr 0600-2230
Sa 0800-1700
Su 0800-2230
Special Services
Hand Controls for Disabled Drivers Only
Additional Information
This location is for Private Flights only.

Hertz - St Clair County Airport
(205) 591-6090
240 Airport Road
Pell City, AL
Hours
0900-1700 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
This location is for Private Flights only.

Hertz - Tameron Honda HLE
(251) 625-3013
9871 Justina Avenue
Daphne, AL
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., 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 - West Mobile HLE
(251) 631-3034
312 Schillinger Road
Mobile, AL
Hours
Mo-Fr 0730-1800
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.
Additional Information
Pick up time must be at least one hour after location opening and one hour prior to location closing.

Hertz - Mobile-Bates Field
(251) 633-4000
8400 Airport Blvd
Mobile, AL
Hours
0700-2300 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
After Hours - Meets scheduled flights if reservation is received during regular business hours. After hour returns are allowed. Park the vehicle in the Hertz area, then place keys and rental agreement in the drop box, located at the Hertz counter. Railroad - Approximately 14 miles from the train station.

Hertz - Huntsville West HLE
(256) 722-2150
6675 Highway 72 West
Huntsville, AL
Hours
Mo-Fr 0800-1700
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., 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 car in Hertz area, place keys and rental record in drop box located in front of the building. Bus - approximately 10 miles from the bus station.

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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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