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Understanding Car Lease Residuals Williston ND

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 - Executive Air
(701) 223-3977
2301 University Drive
Bismarck, ND
Hours
Mo-Fr 0900-2400, Sa-Su 1000-2400
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service

Hertz - Minot International Airport
(701) 852-0104
25 Airport Road
Minot, ND
Hours
Su-Fr 0800-1700 and 2000-2400, Sa 0900-1630 and 1800-1930
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service

Hertz - South Fargo HLE
(701) 866-5920
3302 36th Street Southwest
Fargo, ND
Hours
Mo-Fr 0730-1700, 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
Located inside the Luther Family Ford dealership. After Hours - After hour returns are allowed. Place keys and rental record in the drop box located near the front door.

Enterprise Auto Rental
(701) 492-9595
453 West Main Ave
Fargo, ND
 
Hertz - 4000 South Main Avenue HLE
(701) 282-8626
4000 South Main Avenue
Fargo, ND
Hours
Mo-Th 0730-1900, Fr 0730-1800, Sa 0900-1400, 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., 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.

Hertz - Hector Airport
(701) 365-0878
2801 32nd Avenue N.W.
Fargo, ND
Hours
Mo-Fr 0700-2400, Sa-Su 0900-2400
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
After Hours - After hours returns are allowed. Park the vehicle in the Hertz area, then place the keys and rental agreement in the drop box, located at the Hertz counter.

Enterprise Auto Rental
(701) 277-8349
01 38Th St Sw
Fargo, ND
 
Enterprise Auto Rental
(701) 451-9560
801 32Nd Ave Nw
Fargo, ND
 
Hertz - Grand Forks International Airport
(701) 746-6426
2815 Airport Drive
Grand Forks, ND
Hours
Mo-Fr 0700-2330, Sa 1000-1600 and 2100-2330, Su 1000-2330
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
After Hours - After hour returns are allowed. Park vehicle in Hertz area. Place keys and rental record in the drop box located at the Hertz counter.

Hertz - Fargo Jet Center Inc
(701) 235-3600
3802 20th Street North
Fargo, ND
Hours
24 Hours 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only
Additional Information
This location is for Private Flights only.

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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