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Trade Leased Car Chickasha OK

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 Penske Truck Rental
(405) 364-4721
101 S Webster Ave
Norman, OK
 
Enterprise Rent-A-Car
(405) 721-7900
8000 N Rockwell Ave
Oklahoma City, OK

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Enterprise Auto Rental
(918) 583-4880
228 E 11Th St
Tulsa, OK
 
Hertz - Christiansen Aviation
(918) 742-3453
200 Lear Jet Lane
Tulsa, OK
Hours
Mo-Fr 0700-1800, Sa 0800-1300, Su closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
Located at the Richard Lloyd Airport. This location is for Private Flights only. No walkins allowed.

Hertz - Lawton Municipal Airport HLE
(580) 355-6789
3401 Southwest 11th Street
Lawton, OK
Hours
Mo-Fr 0730-2100, Sa-Su 0800-2100
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 - Meets scheduled flights if reservation is received at least 24 hours in advance, during regular business hours. After hour returns are allowed 0400-2400. Park car in Hertz area. Place keys and rental record in drop box located at the rental counter. Bus - Approximately 5 miles from the bus station. Pickup and return service is available, please call upon arrival.

Enterprise Auto Rental
(405) 636-0330
500 S Shields Blvd
Oklahoma, City, OK
 
Enterprise Auto Rental
(918) 585-1609
00 E 2Nd St
Tulsa, OK
 
Budget Rent A Car
(918) 298-5763
8753 S Lewis Ave # C
Tulsa, OK

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U-Haul Company
(405) 360-1702
1102 N Flood Ave
Norman, OK
 
Hertz - Atlantic Aviation
(918) 838-1015
7500 East Apache
Tulsa, OK
Hours
Mo-Fr 0630-0030, Sa-Su 0800-0030
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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