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Trade Leased Car Bella Vista AR

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 - Northwest Arkansas Regional Airport
(479) 205-0388
1 Airport Boulevard
Bentonville, AR
Hours
Mo-Fr 0600-2400
Sa 0800-2300
Su 0800-2400
Special Services
Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
This airport also referred to as Fayetteville Airport, however it is located in Bentonville approximately 25 miles from Fayetteville. After Hours - After hour returns are allowed. Park car in Hertz area. The drop box is located at the counter. Bus - approximately 10 miles from bus station.

Hertz - 1019 North Walton Blvd HLE
(479) 254-6886
1019 North Walton Blvd
Bentonville, AR
Hours
Mo-Fr 0800-1700
Sa-Su Closed
Special Services
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., 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.
Additional Information
After Hours - After hour returns are allowed.

Enterprise Rent-A-Car
(501) 268-6099
2204 E Race Ave
Searcy, AR

Data Provided by:
U-Haul Company
(870) 425-9115
3109 Commerce Dr
Jonesboro, AR
 
Enterprise Auto Rental
(501) 562-6623
523 South University
Little, Rock, AR
 
Budget Rent A Car
(479) 271-7394
815 SW 8th St
Bentonville, AR

Data Provided by:
Hertz - Regional Jet Center
(479) 205-0388
12344 Tower Drive
Bentonville, AR
Hours
24 Hours
7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only
Additional Information
This location is for Private Flights only.

Riggs Cat
(479) 756-8080
4117 Wagon Wheel Rd
Springdale, AR
 
U-Haul Company
(870) 934-1117
428 N Culberhouse St
Jonesboro, AR
 
U-Haul Company
(479) 649-9217
4700 Zero St
Fort Smith, AR
 
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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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