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Trade Leased Car Austin TX

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.

Avis Rent A Car
(512) 371-1082
1610 W 35th St
Austin, TX
 
Used Cars Austin Texas
(512) 206-0005
5410 Airport Blvd
Austin, TX
 
A J Rental Car
(512) 989-6505
3301 N Interstate 35
Austin, TX
 
Cubit-Instant Access Cars
(512) 472-0069
411 Brazos St
Austin, TX
 
Enterprise Auto Rental
(512) 472-1373
19 S Lamar
Austin, TX
 
Enterprise Auto Rental
(512) 476-2300
201 West 5Th
Austin, TX
 
Hertz - Downtown Austin HLE
(512) 457-1583
709 East 10th Street
Austin, TX
Hours
Mo-Fr 0730-1800, Sa 0900-1400, 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. Park in the customer parking area, located on the side of the building. Leave the keys and rental agreement in the drop slot, located on the front door. Railroad - Approximately .5 miles from the train station.

Advantage Rent A Car
(512) 480-3177
1100 N Interstate 35
Austin, TX
 
Austin Car Share
(512) 448-4477
611 S Congress Ave
Austin, TX
 
Hertz - Mazda North HLE
(512) 371-1250
6825 Burnet Road
Austin, TX
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.

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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