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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.

Hertz - Birmingham International Airport
(205) 591-6090
5540 Airline Drive
Birmingham, AL
Hours
Mo-Fr 0600-2400
Sa 0600-2200
Su 0600-2400
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Covered Return Center , Gold Counter Service
Additional Information
After Hours - Meets commercial flights if reservation is received in advance. After hour returns are allowed. Park vehicle in Hertz lot located on the first level of the parking deck. The Drop Box is located on the right side of the Hertz counter. Bus - Approximately 4 miles from the bus station. Cab fare is reimbursed with reciept. Please call upon arrival. Railroad - Approximately 4 miles from the railroad station. Cab fare is reimbursed with reciept. Please call upon arrival.

Enterprise Auto Rental
(205) 989-3200
551 John Hawkins Pkwy
Birmingham, AL
 
Enterprise Auto Rental
(334) 272-3123
025 Atlanta Hwy
Montgomery, AL
 
Enterprise Auto Rental
(334) 382-5992
07 Cedar St Ste 2
Greenville, AL
 
Enterprise Auto Rental
(256) 880-5224
1803 Memorial Pkwy Sw
Huntsville, AL
 
El Monte RV Rentals
(888) 337-2214
1020 Powder Plant Rd
Bessemer, AL
 
Hertz - 5406 Highway 280 East HLE
(205) 980-9271
5406 Highway 280 East
Birmingham, AL
Hours
Mo-Fr 0730-1800
Sa 0900-1200
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., 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.

Enterprise Auto Rental
(251) 662-0339
675 Three Notch Rd Ste A
Mobile, AL
 
Hertz - Bates Field Air Center
(251) 633-4000
8400 Airport Blvd
Mobile, AL
Hours
0700-2200 7 Days
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 Air Center.

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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