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Trade Leased Car Ames IA

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
(515) 233-5200
535 S Duff Ave
Ames, IA

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Hertz - Dewey Ford HLE
(515) 289-4999
3055 Southeast Delaware Avenue
Ankeny, IA
Hours
Mo-Fr 0730-1730
Sa 0800-1200
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.

U-Haul Company
(319) 232-3654
3633 University Ave
Waterloo, IA
 
Enterprise Rent-A-Car
(319) 393-2200
1800 Dodge Rd Ne
Cedar Rapids, IA

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Enterprise Auto Rental
(319) 362-7000
200 16Th Ave Sw Ste B
Cedar, Rapids, IA
 
Hertz - 2501 Airport Drive HLE
(515) 233-3469
2501 Airport Drive
Ames, IA
Hours
Mo-Fr 0730-1730
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. The drop box is located by the Hertz entrance door. Pick up time must be at least one hour after location opening and one hour prior to location closing.

Hertz - Stew Hansen Hertz HLE
(515) 276-1177
12103 Hickman Road
Urbandale, IA
Hours
Mo-Fr 0730-1730
Sa 0800-1200
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.

Hertz - Sioux Gateway Airport HLE
(712) 255-4986
2403 Aviation Boulevard
Sioux City, IA
Hours
Mo-Fr 0700-2330
Sa 0900-1400
Su 1200-2330
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.
Additional Information
After Hours - After hours flights will be met on Saturdays only if the reservation is received during regular business 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.

Penske Truck Rental
(319) 273-8026
1923 E Mitchell Ave
Waterloo, IA
 
Hertz - Newton Municipal Airport
(515) 285-1382
2201 South 20th Avenue
Newton, IA
Hours
Mo-Fr 0800-1800
Sa-Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Gold Counter Service
Additional Information
This location is for private flights only. No walkins allowed.

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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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