Auto Leasing Guide
Go to LeaseGuide.com now !
» » ยป

Trade Leased Car Boaz AL

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 - Gadsden Municipal Airport
(205) 591-6090
196 Ira Gray Drive
Gadsden, AL
Hours
0900-1700 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
This location is for Private Flights only. Walkins are not allowed.

Enterprise Rent-A-Car
(334) 749-6767
1220 Fox Run Ave Ste C6
Opelika, AL

Data Provided by:
Enterprise Rent-A-Car
(334) 272-3123
3025 Atlanta Hwy
Montgomery, AL

Data Provided by:
Hertz - Jack Edwards Airport
(251) 968-2615
3190 Airport Drive
Gulf Shores, AL
Hours
Mo-Fr 0730-1800
Sa-Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service

Hertz - Brookley Field Air Center
(251) 602-1986
2495 Michigan Avenue
Mobile, AL
Hours
Mo-Fr 0730-1800
Sa 0800-1300
Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
This location is for Private Flights only. Previously known as Mobile Downtown Air Center

Enterprise Auto Rental
(205) 989-3200
551 John Hawkins Pkwy
Birmingham, AL
 
Hertz - Signature Flight Support
(256) 772-9331
2000 Houston Goodson Way
Huntsville, AL
Hours
Mo-Fr 0600-2230
Sa 0800-1700
Su 0800-2230
Special Services
Hand Controls for Disabled Drivers Only
Additional Information
This location is for Private Flights only.

Hertz - 4123 Ross Clark Circle HLE
(334) 673-3556
4123 Ross Clark Circle
Dothan, AL
Hours
Mo-Fr 0800-1800
Sa 0830-1300
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.

Enterprise Auto Rental
(251) 344-0730
490 Springhill Avenue
Mobile, AL
 
Hertz - Merkle Field Municipal
(205) 591-6090
195 Airport Road
Sylacauga, AL
Hours
0900-1700 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
This location is for Private Flights only.

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...

Click here to read the rest of this article from Lease Guide