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Trade Leased Car Beeville 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.

Hertz - Mercury Air Group
(361) 289-1881
355 Pinson Road
Corpus Christi, TX
Hours
Su-Fr 0700-2300, Sa 0700-2230
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System
Additional Information
This location is for Private Flights only. No walkins allowed.

Hertz - General Aviation
(979) 691-2862
1770 George Bush Drive West
College Station, TX
Hours
Mo-Fr 0900-2200, Sa 0900-1700, Su 0900-2200
Special Services
Child Seats, Hand Controls for Disabled Drivers Only

Enterprise Rent-A-Car
(972) 466-1276
1105 Vandergriff Dr
Carrollton, TX

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Enterprise Rent-A-Car
(956) 383-3815
615 S Closner Blvd
Edinburg, TX

Data Provided by:
Stewart & Stevenson
(956) 787-6880
2701 N Cage Blvd
Pharr, TX
 
Enterprise Auto Rental
(713) 947-2299
001-F Frey Road
Houston, TX
 
Doggett Heavy Machinery Service
(956) 787-0001
705 E Nolana Loop
Pharr, TX
 
Enterprise Auto Rental
(972) 586-1100
O 613109 (2424 E 38Th #104)
Dfw, Airport, TX
 
Enterprise Auto Rental
(214) 522-0395
820 Oaklawn Avenue
Dallas, TX
 
Enterprise Rent-A-Car
(281) 316-1979
816 W Main
League City, TX
 
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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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