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Trade Leased Car Bangor ME

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
(207) 942-3772
1105 Hammond St # 2
Bangor, ME

Data Provided by:
Hertz - Bangor International Airport
(207) 942-5519
299 Godfrey Blvd
Bangor, ME
Hours
Su-Fr 0800-2300, Sa 0900-1700
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 , Ski Equipped Vehicles, Gold Counter Service
Additional Information
After Hours - After hour returns are allowed. Park the vehicle in the Hertz area. Place the keys and rental agreement in the drop box, located at the Hertz counter. Bus - Approximately 4 miles from the Greyhound station. Cab fare will be reimbursed up to $2.00 with receipt.

Hertz Penske Truck Rental
(503) 226-7971
1325 NW 14th Ave
Portland, ME
 
Thrifty Car RentaL
(503) 251-6371
10835 NE Holman St
Portland, ME
 
Enterprise Rent-A-Car
(207) 615-0030
1001 Westbrook St
Portland, ME

Data Provided by:
Hertz - Avitat
(207) 942-5519
188 Maine Avenue
Bangor, ME
Hours
Mo-Fr 0630-2300, Sa 0900-1700, Su 0800-2300
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Ski Equipped Vehicles
Additional Information
This location is for Private Flights only.

Hertz
(207) 621-8116
75 Airport Road
Augusta, ME
 
Hertz - Portland International Jetport
(207) 774-6391
1049 Westbrook Street
Portland, ME
Hours
0600-0100 7 Days.
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 , Ski Equipped Vehicles, Gold Counter Service
Additional Information
Also known as the Portland-Westbrook Municipal Airport. Private flight arrivals please use the Northeast Air FBO location. After Hours - After hour returns are allowed. Park vehicle in Hertz area. Place keys and rental record in the drop box located at the Hertz counter. Railroad - The Amtrak station is Downeaster Passenger Rail Service, 100 Sewell Street. Cab fare will be reimbursed up to $10.00 with receipt. Bus - Approximately 2 miles from the Greyhound and Trailways stations. Cab fare wil

National Car Rental
(503) 281-4856
9225 NE Airport Way
Portland, ME
 
Budget Truck Rental
(503) 382-0001
2033 SW 4th Ave
Portland, ME
 
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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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