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Understanding Car Lease Residuals Washington DC

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
(202) 332-1716
730 Georgia Ave Nw
Washington, DC
 
Capital Connoisseur Cars
(800) 827-9570
www.CapConCars.com
Washington, DC
 
Hertz - Renaissance Hotel DC HLE
(202) 842-1541
999 9th Street Northwest
Washington D. C., DC
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
Located at the main counter/front desk in the hotel's lobby. Pick up time must be at least one hour after location opening and one hour prior to location closing.

AA Enterprise, AA Auto, An Awesome Event Co.
(866) 897-4746
311 K St., NW
Washington, DC
 
Hertz - Signature Flight Support
(703) 417-3522
General Aviation Terminal
Washington D. C., DC
Hours
Mo-Fr 0700-1700
Sa-Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Gold Counter Service

Thrifty Car Rental - Washington, DC
(703) 684-6220
601 F St., NW
Washington, DC
 
Hertz - Ronald Reagan National Airport
(703) 419-6300
1 Aviation Circle
Washington D. C., DC
Hours
0700-0230 7 Days
Special Services
Child Seats, Gold Canopy , Hand Controls for Disabled Drivers Only In-Car Navigation System , Covered Return Center

Hertz - Verizon Center HLE
(202) 347-8518
7th Street NW and G Street NW
Washington D. C., DC
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
The rental counter is located on 7th Street NW between F Street NW and H Street NW, directly across the intersection of G Street NW and 7th Street NW. Garage entrance is located on 6th Street NW between F Street NW and H Street NW. Enter garage, do down ramp, and proceed to the Parking Attendant's booth. Proceed to the lower level of the garage (P2). Pick up time must be at least one hour after location opening and one hour prior to location closing.

Enterprise Rent-A-Car
(202) 332-1716
2730 Georgia Ave NW
Washington, DC

Data Provided by:
Hertz - Union Station
(202) 289-5366
50 Massachusetts Avenue
Washington D. C., DC
Hours
Mo-Fr 0700-2100
Sa 0700-1530
Su 1000-2100
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. Record the return date and time, mileage, and tank level on rental agreement. Leave the keys and rental agreement in the drop box located in the car return area. Follow rental car return signs to the parking garage located adjacent to Union Station.

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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