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Trade Leased Car Burlington IA

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 - 4726 North Brady Street HLE
(563) 359-4031
4726 North Brady Street
Davenport, IA
Hours
Mo 0700-1800
Tu-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. 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
After Hours - After hour returns are allowed. Pick up time must be at least one hour after location opening and one hour prior to location closing.

U-Haul Company
(319) 339-4977
1841 S Gilbert St
Iowa City, IA
 
Enterprise Auto Rental
(515) 285-2525
601 Fleur Drive
Des, Moines, IA
 
Hawkeye International Trucks
(319) 233-8313
2420 K Line Dr
Waterloo, IA
 
Enterprise Rent-A-Car
(641) 423-8300
2740 4th St Sw
Mason City, IA

Data Provided by:
Enterprise Rent-A-Car
(319) 393-2200
1800 Dodge Rd Ne
Cedar Rapids, IA

Data Provided by:
Brown Nationalease
(319) 833-8320
114 Monroe St
Waterloo, IA
 
Hertz - Cedar Rapids Eastern Iowa Airport
(319) 365-9408
2121 Wright Brothers Blvd. West
Cedar Rapids, IA
Hours
Mo-Fr 0700-2300
Sa 0800-1900
Su 0800-2300
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Gold Counter Service
Additional Information
After Hours - After hour returns are allowed. Park the vehicle in the Hertz area. Place keys and rental agreement in the drop box, located at the Hertz counter.

Penske Truck Rental
(319) 358-9472
1820 Boyrum St
Iowa City, IA
 
Hertz - 2151 Werner Avenue Northeast HLE
(319) 393-0221
2151 Werner Avenue Northeast
Cedar Rapids, IA
Hours
Mo-Fr 0700-1730
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
After Hours - After hour returns are allowed. Place keys and rental record in mail slot located on the door. Pick up time must be at least one hour after location opening and one hour prior to location closing.

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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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