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Trade Leased Car Alliance OH

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.

Family Car ANd Truck Rental
(330) 332-1510
13655 Benton Rd
Salem, OH
Additional Information
Truck Rental
Hours
8 am to 9 pm 7 Days a week.
Special Services
Salem Airport pickup and dropoff

Hertz - First Energy Flight Operations
(330) 896-1331
5430 Lauby Road
Akron, OH
Hours
0800-2300 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service

Enterprise Auto Rental
(330) 498-4100
400 Lauby Rd Nw
North, Canton, OH
 
Hertz - 4645 Belden Village Road HLE
(330) 493-1801
4645 Belden Village Road
Canton, OH
Hours
Mo-Fr 0800-1800, 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., 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. Pick up time must be at least one hour after location opening and one hour prior to location closing.

Enterprise Auto Rental
(330) 677-4447
218 W Main St
Kent, OH
 
Hertz - Ultimate Air
(330) 896-1331
6060 West Airport Drive
Akron, OH
Hours
0800-2300 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
This location is for Private Flight arrivals only.

Hertz - McKinley Aviation
(330) 896-1331
5430 Lauby Road
Akron, OH
Hours
0800-2300 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
This location is for Private Flights only.

Hertz - Smuckers
(330) 896-1331
5430 Lauby Road
Akron, OH
Hours
Mo-Fr 0800-1700, Sa-Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
This location is for JM Smucker company private flights only.

Enterprise Auto Rental
(330) 645-3939
342 S. Arlington Road
Akron, OH
 
E-Con-O-Wise Rental Inc.
(513) 398-8626
781 Reading Road
Mason, OH

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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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