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Trade Leased Car Arkadelphia AR

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
(910) 485-2134
Fayetteville Airport
Fayetteville, AR
 
U-Haul Company
(870) 934-1117
428 N Culberhouse St
Jonesboro, AR
 
Hertz - Little Rock National Airport
(501) 375-7307
3403 East Roosevelt Road
Little Rock, AR
Hours
Mo-Fr 0600-0030
Sa 0700-2300
Su 0700-0030
Special Services
Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
After Hours - After hour returns are allowed. Park car in Hertz area, place keys and rental record in drop box located at the counter. Bus - Approximately 3 1/2 miles from the bus station. Railroad - Approximately 5 miles from the train station.

Hertz - Northwest Arkansas Regional Airport
(479) 205-0388
1 Airport Boulevard
Bentonville, AR
Hours
Mo-Fr 0600-2400
Sa 0800-2300
Su 0800-2400
Special Services
Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
This airport also referred to as Fayetteville Airport, however it is located in Bentonville approximately 25 miles from Fayetteville. After Hours - After hour returns are allowed. Park car in Hertz area. The drop box is located at the counter. Bus - approximately 10 miles from bus station.

Crown Limousine
(910) 483-5135
2708 Owen Dr
Fayetteville, AR
 
Enterprise Auto Rental
(501) 537-2880
Airport Rd
Little, Rock, AR
 
National Alamo
(888) 868-6203
Fort Smith Regional Airport
Fort Smith, AR
 
Budget Rental Car
(501) 268-8235
1614 E. Booth Rd.
Searcy, AR
Hours
Mon-Sat 8to6
Special Services
Free pick up

Enterprise Auto Rental
(501) 982-2001
526 West Main Street
Jacksonville, AR
 
U-Haul Company
(479) 751-6212
806 Twin City Ave
Springdale, AR
 

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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