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Trade Leased Car Albemarle NC

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.

Alamo Rent A Car
(704) 359-4360
6529 Old Dowd Rd
Charlotte, NC
 
Hertz - 4312 Wilkinson Boulevard HLE
(704) 824-5095
4312 Wilkinson Boulevard
Gastonia, NC
Hours
Mo-Fr 0730-1800, 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
After Hours - After hour returns are allowed. Park the car in the Hertz designated parking space in front of office. Lock the car. Record the return date, time, mileage and tank level on the rental agreement jacket. Leave the keys and rental agreement in the drop box located in the rear of the building. Pick up time must be at least one hour after location opening and one hour prior to location closing.

Enterprise Rent-A-Car
(919) 732-5129
112 John Earl St # B
Hillsborough, NC

Data Provided by:
National Car Rental
(704) 359-0215
4108 Rental Car Rd
Charlotte, NC
 
American Auto Rental
(910) 451-6856
84 Holcomb Blvd
Camp Lejeune, NC
 
Enterprise Auto Rental
(704) 525-2104
324 South Blvd
Charlotte, NC
 
Hertz - Charlotte Douglas International Airport
(704) 359-0114
4102 Rental Car Road
Charlotte, NC
Hours
Mo-Fr 0530-0030, Sa 0530-2300, Su 0530-0030
Special Services
Child Seats, Gold Canopy , Hand Controls for Disabled Drivers Only In-Car Navigation System , Covered Return Center
Additional Information
After Hours - Meets commercial flights if reservation is received during regular business hours. After hour returns are allowed 0430-0530.

Hertz - Amtrak Downtown
(704) 359-0114
1914 North Tryon Street
Charlotte, NC
Hours
Mo-Fr 0500-0030 Sa 0500-2300, Su 0500-0030
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System
Additional Information
This location is for Amtrak Arrivals only. Located approximately 8 miles from the Charlotte Douglas International Airport.

Penske Truck Rental
(904) 260-5113
10821 Philips Hwy
Jacksonville, NC
 
Enterprise Auto Rental
(919) 833-8788
31 S Mcdowell St
Raleigh, NC
 
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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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