Auto Leasing Guide
Go to LeaseGuide.com now !
» » ยป

Trade Leased Car Barre VT

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 - Rutland Airport
(802) 775-3353
1002 Airport Road
Rutland, VT
Hours
Mo-Fr 0800-1800, Sa-Su 0900-1600
Special Services
Child Seats, Hand Controls for Disabled Drivers Only

Hertz - Heritage Flight
(802) 864-7409
3060 Williston Road
Burlington, VT
Hours
Mo-Fr 0630-2330, Sa-Su 0700-2330
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Ski Equipped Vehicles, Gold Counter Service
Additional Information
This location is for Private Flights only.

Penske Truck Rental
(336) 584-9142
866 Huffman Mill Rd
Burlington, VT
 
U-Haul Company
(336) 227-0223
2528 N Church St
Burlington, VT
 
Enterprise Rent A Car
(336) 229-0336
2326 N Church St
Burlington, VT
 
Avis Rent A Car
(336) 227-3260
3441 N Aviation Dr
Burlington, VT
 
U-Haul Company
(336) 222-0805
910 S Church St
Burlington, VT
 
Hertz - Amtrak Essex Junction
(802) 864-7409
29 Railroad Avenue
Burlington, VT
Hours
Mo-Fr 0615-2330, Sa-Su 0700-2330
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Ski Equipped Vehicles
Additional Information
After Hours - After hour rentals are allowed. Cab fare up to $20.00 will be reimbursed with receipt. Location is approximately 5 miles from the Burlington Airport.

U-Haul Company
(336) 229-1118
1550 Industry Dr
Burlington, VT
 
U-Haul Company
(336) 437-0509
2105 N Church St
Burlington, VT
 

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...

Click here to read the rest of this article from Lease Guide