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Trade Leased Car Alamogordo NM

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 Rent-A-Car
(575) 434-9010
1200 N White Sands Blvd # 109
Alamogordo, NM

Data Provided by:
Enterprise Auto Rental
(505) 764-9173
200 Lomas Blvd Ne
Albuquerque, NM
 
Enterprise Rent-A-Car
(575) 434-9010
1200 N White Sands Blvd # 109
Alamogordo, NM

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Hertz - Four Corners Regional Airport
(505) 327-6093
1300 West Navajo Street
Farmington, NM
Hours
Mo-Fr 0700-2000, Sa 0800-1500, Su 1000-2000
Special Services
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., Ski Equipped Vehicles, Gold Counter Service
Additional Information
After Hours - After hours returns are allowed Monday through Friday 0500-0700, Saturday 0600-0800, Sunday 1000-1200. Park the vehicle in the Hertz area. Place the keys and rental record in the drop box located at the counter.

Enterprise Auto Rental
(505) 765-9100
400 University Ave Suite D
Albuquerque, NM
 
Hertz - Holloman Air Force Base HLE
(575) 443-1155
3500 Airport Road
Alamogordo, NM
Hours
Mo-Fr 0800-1730, Sa 0900-1300, 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
Additional Information
Located at the White Sands Regional Airport. After Hours - After hour rentuns are allowed. Park car in the Hertz area. Place keys and rental agreement in drop box next to the door.

Hertz - White Sands Missle Range
(575) 521-4807
Building 260
White Sands, NM
Hours
Mo-Fr 0800-1700, Sa-Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only
Additional Information
This location is for Military Personnel only.

Enterprise Auto Rental
(505) 296-8272
104 Montgomery Blvd Ne
Albuquerque, NM
 
Enterprise Auto Rental
(505) 343-1778
522 2Nd St Nw
Albuquerque, NM
 
Enterprise Rent A Car
(575) 523-5351
2285 E Lohman Ave
Las Cruces, NM
 
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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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