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Trade Leased Car Burnsville MN

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 - 6900 151st Street West HLE
(952) 953-3102
6900 151st Streeet West
Lakeville, MN
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
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.

Hertz - Residence Inn
(952) 835-2427
3400 Edinborough Way
Edina, MN
Hours
Mo-Fr 0700-1800, Sa 0800-1600, Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Gold Counter Service

Enterprise Rent-A-Car
(612) 727-3313
4650 Glumack Dr
St Paul, MN

Data Provided by:
Hertz - Minneapolis International Airport Lindbergh Terminal
(651) 698-9585
4300 Glumack Drive
Minneapolis, MN
Hours
24 Hours, 7 Days
Special Services
Child Seats, Gold Canopy , Hand Controls for Disabled Drivers Only In-Car Navigation System
Additional Information
The following airlines arrive at the Lindbergh Terminal: Air Canada, Alaska, American Airlines, Continental, Delta, Frontier Commuter, KLM Royal Dutch Airlines, Northwest, Northwest Airlink/Mesaba Airlines, Midwest, Midwest Express Airlines, United and US Airways. For other airlines please use the Hubert Humphrey Terminal location. Railroad - Approximately 20 minutes from the railroad station. Cab fare will be reimbursed up to USD 15.00 with receipt. Bus - Approximately 7.5 miles from the Gre

Enterprise Auto Rental
(612) 824-8088
504 Lyndale Ave S
Minneapolis, MN
 
Hertz - 7745 2nd Avenue South HLE
(612) 869-2880
7745 2nd Avenue South
Bloomington, MN
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
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.

Enterprise Auto Rental
(612) 727-3313
650 Glumack Drive
Bloomington, MN
 
Hertz - Signature Flight Support at Minneapolis St Paul Airport
(651) 698-9585
3800 East 70th Street
Minneapolis, MN
Hours
24 Hours, 7 Days
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. No walkins allowed.

Hertz - Minneapolis International Airport Hubert Humphrey Terminal
(612) 727-2635
7150 Humphrey Drive
Minneapolis, MN
Hours
0700-0030 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Gold Counter Service
Additional Information
The following airlines arrive at the Hubert Humphrey Terminal: Airtran Airways, Icelannder, Miami Air, Southwest Airlines, Sun Country Airlines, Xtra Airways and charter flights. For all other airlines please use the Minneapolis International Airport Lindbergh Terminal location. After Hours - After hour returns are allowed. Park the vehicle in a Hertz designated stall. The drop box is located on the counter.

Enterprise Rent-A-Car
(612) 824-8088
5504 Lyndale Ave S
Minneapolis, MN

Data Provided by:
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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