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Trade Leased Car Ashland KY

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.

Hertz - Ashland Downtown
(606) 324-1644
1001 Winchester Avenue
Ashland, KY
Hours
Mo-Fr 0800-1700
Sa 0800-1200
Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only

Enterprise Auto Rental
(502) 589-2211
33 S 8Th St
Louisville, KY
 
Enterprise Rent-A-Car
(502) 412-5111
11400 Westport Rd
Louisville, KY

Data Provided by:
Enterprise Auto Rental
(502) 896-9988
10 Ten Pin Ln
Louisville, KY
 
Enterprise Rent-A-Car
(859) 331-5100
3288 Madison Pike
Covington, KY

Data Provided by:
Hertz - Tri State Airport
(304) 453-2745
1463 Airport Road
Huntington, WV
Hours
Mo-Fr 0700-2400, Sa 0900-1700, Su 0700-2400
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.
Additional Information
After Hours - After hour returns are allowed. Park vehicle in the Herz area. Place keys and Rental Record in the drop box located at the counter. Pick up time must be at least one hour after location opening and one hour prior to location closing.

Enterprise Rent-A-Car
(270) 352-4088
1864 N Dixie Blvd
Radcliff, KY

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Enterprise Auto Rental
(502) 966-8455
505 Poplar Level Road
Louisville, KY
 
Hertz - Louisville Standiford Field
(502) 361-0183
600 Terminal Drive
Louisville, KY
Hours
Mo-Fr 0500-0100
Sa 0500-2400
Su 0500-0100
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Gold Counter Service
Additional Information
After Hours - Meets reservations, airline and flight number required. Bowman Field arrivals please call upon arrival. Cab fare will be reimbursed with receipt.

Enterprise Rent-A-Car
(502) 778-0096
2109 Dixie Hwy
Louisville, KY

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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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