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Trade Leased Car Aiken SC

Trading a leased car is not quite the same as trading a car that has been purchased, even those purchased with a loan. There are differences that often make it not feasible, even though it might not be obvious at first glance.

Enterprise Auto Rental
(706) 722-2407
202 Walton Way
Augusta, GA
 
Hertz - Kendricks Collision HLE
(706) 722-7741
1371 Broad Street
Augusta, GA
Hours
Mo-Fr 0800-1700
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
Pick up time must be at least one hour after location opening and one hour prior to location closing.

Hertz - Hilton Head Marriott
(843) 681-7604
1 Hotel Circle
Hilton Head, SC
Hours
0800-2100 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only

Enterprise Rent A Car
(989) 772-6108
1218 S Mission St
Mount Pleasant, SC
 
Enterprise Auto Rental
(803) 822-2262
000 Aviation Way
West, Columbia, SC
 
Enterprise Auto Rental
(706) 828-5757
323 Broad Street
Augusta, GA
 
Hertz - 1575 Great Falls Highway
(803) 328-6414
1575 Great Falls Highway
Lancaster, SC
Hours
Mo-Th 0800-1700, Fr 0800-1600, 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
This location is for Insurance Replacement only. Pick up time must be at least one hour after location opening and one hour prior to location closing.

Hertz - Spartanburg Marriott HLE
(864) 591-3246
299 North Church Street
Spartanburg, SC
Hours
Mo-Fr 0800-1200 and 1300-1700, 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. 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
Pick up time must be at least one hour after location opening and one hour prior to location closing.

Main Street Audio Video
(989) 773-7370
701 N Mission St
Mount Pleasant, SC
 
Sears Car & Truck Rental
(843) 760-6935
3430 Ashley Phosphate Rd
North Charleston, SC
 

Trade Leased Car

You are leasing a car and are considering buying or leasing another car. Is it a good idea to trade a leased car before the old lease is finished โ€“ or is it better to wait until lease-end to trade โ€“ or neither?

Trading a leased car is not quite the same as trading a car that has been purchased, even those purchased with a loan.

There are differences that often make it not feasible, even though it might not be obvious at first glance.

Let's review some leasing basics first
When leasing, you don't own the vehicle. You also don't build up any ownership equity unless you made a very large down payment or had a valuable trade-in at the beginning of the lease.

This means, for most leases, your payments never quite keep up with the ever-increasing depreciated value of the vehicle โ€” you are always "upside down." Even at the end of the lease, the actual market value of the vehicle will usually be less than the residual, or purchase option, value.

Therefore, you have nothing to trade to a dealer for a new vehicle. You have no "equity."

The exception, again, would be if either your early payoff amount (get it from your lease company) or the sum of remaining payments is less than the market value, or trade-in value, of your vehicle. You can check trade-in values at www.kbb.com or www.nadaguides.com. The way that this might happen is if you had made a large down payment (cap cost reduction) at the beginning...

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