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Trade Leased Car Cheyenne WY

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.

A1 Car Rental
(800) 447-3673
2200 Westkand Rd
Cheyenne, WY
 
U-Haul Company
(307) 634-6207
1215 Logan Ave
Cheyenne, WY
 
Enterprise Rent A Car
(307) 632-1907
2200 Missile Dr
Cheyenne, WY
 
U-Haul Company
(307) 637-6016
1305 Dell Range Blvd
Cheyenne, WY
 
Hertz - Sky Harbor Air Service
(307) 634-2131
3913 Evans Avenue
Cheyenne, WY
Hours
Mo-Fr 0800-1900 and 2130-2230, Sa 0900-1400, Su 1100-1900 and 2130-2230
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
This location is for Private Flights only.

Hertz - Cheyenne Municipal Airport
(307) 634-2131
300 East 8th Avenue
Cheyenne, WY
Hours
Mo-Th 0800-1900, Fr 0800-1700, Sa 1230-1430, Su 1230-1900
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., 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 - Meets UA flight #5015 arriving at 2145 Sunday through Friday, UA flight #5021 arriving at 1945 on Saturday, and Great Lakes flight #5021 arriving at 1635 on Saturday if the reservation is received during regular business hours. After hours returns are allowed. Pick up time must be at least one hour after location opening and one hour prior to location closing.

Ford Rental System
(307) 638-3335
2200 Westland Rd
Cheyenne, WY
 
U-Haul Company
(307) 632-2978
11235 Us Highway 30
Cheyenne, WY
 
Taylor Propane Gas Inc
(307) 637-6904
1111 E Lincolnway
Cheyenne, WY
 
Hertz Penske Truck Rental
(307) 635-3672
4305 Mccann Ave
Cheyenne, WY
 

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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