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Trade Leased Car Bellerose NY

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 - 2098 Jericho Turnpike HLE
(516) 328-0084
2098 Jericho Turnpike
New Hyde Park, NY
Hours
Mo-Fr 0730-1800, 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 , 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.
Additional Information
Pick up time must be at least one hour after location opening and one hour prior to location closing.

A Discount Rent A Car Inc
(718) 478-2843
3231 Junction Blvd
East Elmhurst, NY
 
Pereza Auto Corp
(718) 651-4698
10601 27th Ave
East Elmhurst, NY
 
Avis Rent A Car
(718) 672-5137
9010 Grand Central Pkwy
East Elmhurst, NY
 
Hertz - West Hempstead R and M Service
(516) 485-0945
260 Hempstead Turnpike
West Hempstead, NY
Hours
Mo-Fr 0800-1700, Sa 0800-1200, Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System

Hertz - Garden City Hotel
(516) 328-0084
45 7th Street
Garden City, NY
Hours
Mo-Fr 0730-1800, Sa 0900-1300, Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System
Additional Information
This location is for Hotel guests.

Dollar Rent A Car
(718) 779-7456
La Guardia 22-61 94t St
East Elmhurst, NY
 
Budget Rent A Car
(718) 639-6400
8808 23rd Ave
East Elmhurst, NY
 
U-Haul Company
(718) 205-7446
10106 Astoria Blvd
East Elmhurst, NY
 
Laguardia Rent A Car
(718) 476-8181
3231 Junction Blvd
East Elmhurst, NY
 

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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