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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.

Linder Tire Service Inc
(319) 337-4163
632 S Riverside Dr
Iowa City, IA
 
Hertz - Bob Brown Chevrolet
(515) 270-3828
4224 Merle Hay Road
Des Moines, IA
Hours
Mo-Fr 0700-1730
Sa-Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , 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
This location is for Insurance Replacement Rentals only. Pick up time must be at least one hour after location opening and one hour prior to location closing.

Enterprise Auto Rental
(515) 256-5665
800 Fleur Dr
Des, Moines, IA
 
Brown National Lease Corp
(319) 645-2644
3550 2nd St
Iowa City, 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.

Enterprise Rent-A-Car
(641) 423-8300
2740 4th St Sw
Mason City, IA

Data Provided by:
Hertz - 2501 Airport Drive HLE
(515) 233-3469
2501 Airport Drive
Ames, IA
Hours
Mo-Fr 0730-1730
Sa-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. The drop box is located by the Hertz entrance door. Pick up time must be at least one hour after location opening and one hour prior to location closing.

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

Data Provided by:
Enterprise Auto Rental
(515) 252-8800
551 100Th St.
Urbandale, IA
 
Hertz - 1801 South Riverside Drive HLE
(319) 337-6615
1801 South Riverside Drive
Iowa City, 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., 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
Located at the Iowa City Municipal Airport. Bus - Approximately 1.5 miles from the bus station. Cab fare will be reimbursed up to $10.00 with receipt. Pick up time must be at least one hour after location opening and one hour prior to location closing.

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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