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Trade Leased Car Ardmore OK

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
(580) 226-5200
826 Grand Ave
Ardmore, OK

Data Provided by:
Hertz - Christiansen Aviation
(918) 742-3453
200 Lear Jet Lane
Tulsa, OK
Hours
Mo-Fr 0700-1800, Sa 0800-1300, Su closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
Located at the Richard Lloyd Airport. This location is for Private Flights only. No walkins allowed.

Hertz - Downtown OKC HLE
(405) 290-7772
2 Santa Fe Plaza
Oklahoma City, OK
Hours
Mo-Fr 0730-1800, 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., 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 - Phillips Aviation Service
(918) 333-1300
2005 Wiley Post Road
Bartlesville, OK
Hours
Mo-Fr 0800-1700, Sa 0900-1200, Su Closed
Special Services
Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
This location is for Conoco and Phillips employees flying in to this location only.

Enterprise Rent A Car
(405) 364-0123
103 Merkle Drive
Norman, OK
 
Hertz - LaSille Aviation
(580) 354-0789
3401 Southwest 11 Street
Lawton, OK
Hours
Su-Fr 0630-2130, Sa 0700-1930
Special Services
Child Seats, Hand Controls for Disabled Drivers Only
Additional Information
Private flights only.

U-Haul Company
(405) 364-1501
700 E Lindsey St
Norman, OK
 
Hertz - 536 East Memorial Road HLE
(405) 748-4410
536 East Memorial Road
Edmond, OK
Hours
Mo-Fr 0730-1800, 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. 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.

Enterprise Auto Rental
(918) 270-4657
0104 E 51St St
Tulsa, OK
 
Avis Rent A Car
(405) 307-9107
3201 W Main St
Norman, OK
 
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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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