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Trade Leased Car Belen NM

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 - Coors HLE
(505) 899-5980
9421 Coors Blvd. N W
Albuquerque, NM
Hours
Mo-Fr 0700-1800, Sa 0900-1300, 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 , Ski Equipped Vehicles, 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.

Hertz - Roswell Industrial Air Center
(575) 347-2211
1 Jerry Smith Circle
Roswell, NM
Hours
Mo-Fr 0800-2100, Sa 0800-1400, Su 1000-2100
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., Ski Equipped Vehicles, Gold Counter Service
Additional Information
After Hours - After hour returns are allowed Monday-Saturday 0600-0800, Sunday 0800-1000. Park the vehicle in the Hertz area. Place keys and rental record in the drop box, located at the counter.

Las Cruces Shuttle & Taxi
(575) 525-1784
Po Box 3172
Las Cruces, NM
 
Hertz - Dona Ana County Airport
(915) 775-6960
8000 Airport Road
Santa Teresa, NM
Hours
0500-2400 7 days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System

Enterprise Auto Rental
(505) 986-1414
611 St. Michael'S Drive
Santa, Fe, NM
 
Enterprise Auto Rental
(505) 883-0300
000-B San Mateo Boulevard
Albuquerque, NM
 
Hertz - Holloman Air Force Base HLE
(575) 443-1155
3500 Airport Road
Alamogordo, NM
Hours
Mo-Fr 0800-1730, Sa 0900-1300, 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
Additional Information
Located at the White Sands Regional Airport. After Hours - After hour rentuns are allowed. Park car in the Hertz area. Place keys and rental agreement in drop box next to the door.

Enterprise Auto Rental
(505) 266-6616
833 Lomas Boulevard Ne
Albuquerque, NM
 
Hertz - White Sands Missle Range
(575) 521-4807
Building 260
White Sands, NM
Hours
Mo-Fr 0800-1700, Sa-Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only
Additional Information
This location is for Military Personnel only.

Penske Truck Rental
(575) 526-9024
2001 S Valley Dr
Las Cruces, NM
 

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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