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Trade Leased Car Bassett VA

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.

U-Haul Company
(540) 659-3049
3335 Jefferson Davis Hwy
Stafford, VA
 
Enterprise Rent-A-Car
(757) 872-7512
7307 George Wshngtn Mem Hwy #C
Yorktown, VA

Data Provided by:
Hertz - Phillip Morris USA Moorefield Park
(804) 222-7228
9711 Farrar Court
Richmond, VA
Hours
Mo-Fr 0900-1600, Sa-Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
This location is for Phillip Morris employees.

Enterprise Rent-A-Car
(703) 330-9696
9111 Euclid Ave
Manassas, VA

Data Provided by:
Hertz - Aero Industries
(804) 222-7228
5690 Clarkson Road
Richmond, VA
Hours
Mo-Fr 0600-2400, Sa 0700-2300, Su 0600-2400
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service

Enterprise Auto Rental
(804) 346-8666
919 W Broad St
Richmond, VA
 
Hertz - Norfolk Airport Counter
(757) 857-1261
2200 Norview Avenue
Norfolk, VA
Hours
Mo-Fr 0630-0030, Sa-Su 0700-0030
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Gold Counter Service
Additional Information
After Hours - Meets scheduled commercial flights if reservation is received during regular business hours. After hour returns are allowed. Park vehicle in the Hertz area. Place keys and rental record in the drop box located at the counter.

Enterprise Rent A Car
(757) 896-0360
906 W Mercury Blvd
Hampton, VA
 
Enterprise Rent-A-Car
(757) 306-7395
2717 Virginia Beach Blvd
Virginia Beach, VA

Data Provided by:
Hertz - First Team Autobody HLE
(540) 362-1547
6520 Peters Creek Road
Roanoke, VA
Hours
Mo-Fr 0800-1730, Sa-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
Additional Information
Pick up time must be at least one hour after location opening and one hour prior to location closing.

Data Provided by:

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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