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Understanding Car Lease Residuals Vincennes IN

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 Auto Rental
(260) 426-4243
310 Us Highway 30 E
Fort, Wayne, IN
 
Enterprise Auto Rental
(317) 299-6637
908 North Georgetown Road
Indianapolis, IN
 
Discount Car Rental
(877) 866-4113
7800 Col H Weir Cook Memorial Dr
Indianapolis, IN
Hours
Monday-Sunday 9:00am-9:00pm

Enterprise Auto Rental
(317) 243-8988
602 S Banner Suite 1
Indianapolis, IN
 
Avis Rent A Car
(812) 332-0494
3295 W 3rd St
Bloomington, IN
 
Hertz - Amtrak
(317) 353-2173
350 South Illinois Street
Indianapolis, IN
Hours
Mo-Fr 0800-1800
Sa 0900-1200
Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only

Enterprise Rent-A-Car
(574) 273-0444
52200 State Road 933
South Bend, IN

Data Provided by:
Enterprise Rent-A-Car
(812) 473-4411
5220 Division St
Evansville, IN

Data Provided by:
Hertz - Tri-State Aero
(812) 425-7141
6101 Flightline Drive
Evansville, IN
Hours
Mo-Sa 0700-2230
Su 0800-2230
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service

Budget Rent A Car
(317) 547-7754
4555 N Keystone Ave
Indianapolis, IN

Data Provided by:
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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