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Understanding Car Lease Residuals Waynesboro VA

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 - Shenandoah Valley Airport
(540) 234-9411
93 Aviation Circle
Weyers Cave, VA
Hours
Mo-Fr 0800-1900, Sa 0800-1400, Su 1300-1900
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. Note date, time, mileage, and fuel on the rental jacket, lock the car and place the keys and rental jacket in the drop box located at the terminal entrance.

U-Haul Company
(757) 925-0305
435 Woodruff St
Suffolk, VA
 
Hertz - Oceana HLE
(757) 437-8243
Navy Exchange
Virginia Beach, VA
Hours
Mo-Fr 0730-1700, 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
Located on a military installation. Access to the military installation is required. Pickup and return service is only available within the installation. Pick up time must be at least one hour after location opening and one hour prior to location closing.

Enterprise Auto Rental
(757) 422-6900
877 Laskin Road
Virginia, Beach, VA
 
Dollar Rent A Car
(800) 800-4000
23390 Autopilot Dr
Sterling, VA

Data Provided by:
Enterprise Auto Rental
(804) 648-7612
N 6Th St
Richmond, VA
 
Enterprise Auto Rental
(757) 461-3453
252E Virginia Beach Blvd
Norfolk, VA
 
Enterprise Rent-A-Car
(276) 679-3134
497 Hawthorne Ave
Norton, VA

Data Provided by:
Hertz - Horizon Aviation
(757) 421-9000
1777 West Road
Chesapeake, VA
Hours
0800-1900 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.

Hertz - Atlantic Aviation
(757) 877-9229
902 East Bland Boulevard
Newport News, VA
Hours
0730-2230 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. No walkins allowed.

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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