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Trade Leased Car Bolingbrook IL

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.

Penske Truck Rental
(630) 226-6876
565 W Boughton Rd
Bolingbrook, IL
 
Hertz Penske Truck Rental
(630) 759-7266
109 Delmar Dr
Bolingbrook, IL
 
Hertz - Clow International Airport
(630) 226-1611
130 South Clow International Parkway
Bolingbrook, IL
Hours
Mo-Fr 0700-1800
Sa 0900-1200
Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
This location is for Private Flights only. No walkins allowed. After Hours - After hour returns are allowed. Please leave the keys and contract at the FBO desk.

Enterprise Rent A Car
(630) 378-1100
417 N Bolingbrook Dr
Bolingbrook, IL
 
Hertz - Bond Street BP
(630) 369-9072
1323 Bond Street
Naperville, IL
Hours
Mo-Fr 0730-1800
Sa 0900-1200
Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
This location is for BP company use only.

U-Haul Company
(630) 759-1584
400 N Schmidt Rd
Bolingbrook, IL
 
Hertz Corp
(630) 226-1611
227 S Bolingbrook Dr
Bolingbrook, IL
 
Enterprise Rent-A-Car
(630) 378-1100
417 N Bolingbrook Dr
Bolingbrook, IL

Data Provided by:
Hertz - 227 South Bolingbrook Drive HLE
(630) 226-1611
227 South Bolingbrook Drive
Bolingbrook, IL
Hours
Mo-Fr 0700-1800
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. 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.

Hertz - Naperville Campus BP
(630) 369-9072
150 West Warrenville Road
Naperville, IL
Hours
Mo-Fr 0730-1800
Sa 0900-1200
Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
This location is for BP company use 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...

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