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Trade Leased Car Boone NC

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.

Enterprise Rent-A-Car
(828) 355-5003
1435 Highway 105
Boone, NC

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Enterprise Auto Rental
(919) 833-8788
31 S Mcdowell St
Raleigh, NC
 
Hertz - John Deere Fuquay Varina
(919) 303-5183
6501 Highway 55 East
Fuquay Varina, NC
Hours
Mo-Fr 0800-1800, Sa 0900-1200, Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
This location is for John Deere Company use only. After Hours - After hour returns are allowd. Please see the lot attendant for parking instructions. Leave keys and contract with John Deere security.

Budget Car & Truck Rental
(704) 567-6202
6721 E Independence Blvd
Charlotte, NC
 
Enterprise Rent-A-Car
(704) 535-1550
2619 N Sharon Amity Rd
Charlotte, NC

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Enterprise Auto Rental
(704) 531-2099
100 E Independence Blvd
Charlotte, NC
 
Enterprise Auto Rental
(919) 844-3393
300 Creedmoor Rd Ste 178
Raleigh, NC
 
Hertz - Landmark Aviation
(336) 668-7965
6427 Airport Parkway
Greensboro, NC
Hours
Mo-Fr 0800-2200, Sa-Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Gold Counter Service
Additional Information
Formerly known as Piedmont Hawthorne. This location is for Private flights only.

Budget-Charlotte
(704) 596-9749
4400 Old Interstate Rd
Charlotte, NC
 
Hertz - Monroe Airport
(704) 226-8905
3900 Paul J Helms
Monroe, NC
Hours
Mo-Fr 0500-0030, Sa 0500-2300, Su 0500-0030
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Gold Counter Service
Additional Information
This location is for Private Flights only.

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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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