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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

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Hertz - Sparks Aviation
(918) 272-1080
3112 North 74th East Avenue
Tulsa, OK
Hours
Mo-Fr 0700-1800, Sa-Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only
Additional Information
This location is for Private Flights only. No walkins allowed.

Hertz - 1306 North Interstate Drive HLE
(405) 292-0484
1306 North Interstate Drive
Norman, 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.

Hertz - Claremore Regional Airport
(918) 834-5321
19502 East Rogers Post Road
Claremore, OK
Hours
Mo-Fr 0700-1800, Sa-Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service

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.

Hertz - Mid Continent Air
(405) 681-2341
2300 North Cimarron Road
Oklahoma City, OK
Hours
Mo-Sa 0730-1700
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
This location is for Private Flights only. Located at the Legacy C. E. Page Airport Hanger 5.

Ferguson Buick GMC
(405) 321-5820
1015 N Interstate Dr
Norman, OK
Hours
Mon: 8:00 AM - 8:00 PM Tue: 8:00 AM - 8:00 PM Wed: 8:00 AM - 8:00 PM Thu: 8:00 AM - 8:00 PM Fri: 8:00 AM - 8:00 PM Sat: 8:00 AM - 8:00 PM

Hertz - Sundance Airpark
(405) 681-2343
12210 North Sara Road
Oklahoma City, OK
Hours
0800-1800 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 - Wiley Post Service Center FBO
(405) 773-7212
7200 N W 63rd Street
Bethany, OK
Hours
0500-2200 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
This location is for Private Flights only.

Enterprise Auto Rental
(918) 477-7660
111 S Sheridan Rd
Tulsa, 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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