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Trade Leased Car Colorado Springs CO

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 - Colorado Springs East HLE
(719) 591-4473
3275 Platte Avenue
Colorado Springs, CO
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. In-Car Navigation System , Ski Equipped Vehicles, 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 on the wall by the front door. Pick up time must be at least one hour after location opening and one hour prior to location closing.

Hertz - Maaco Collision HLE
(719) 592-1672
392 East Garden of the Gods
Colorado Springs, CO
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. Recored the return date and time, mileage, and tank level on rental agreement jacket. Place the keys and rental agreement in the drop box. Pick up time must be at least one hour after location opening and one hour prior to location closing.

Budget Rent A Car
(719) 598-3344
384 Garden Of The Gods Rd
Colorado Springs, CO

Data Provided by:
Enterprise Auto Rental
(719) 599-0355
405 Mark Dabling
Colorado, Springs, CO
 
Enterprise Auto Rental
(719) 591-6644
770 Milton E. Proby Parkway
Colorado, Springs, CO
 
Enterprise Auto Rental
(719) 574-2800
21 N. Chelton Road
Colorado, Springs, CO
 
Enterprise Auto Rental
(719) 636-3900
03 W Colorado Ave
Colorado, Springs, CO
 
Enterprise Auto Rental
(719) 574-7604
450 N Academy Blvd
Colorado, Springs, CO
 
Hertz - The Broadmoor
(719) 591-4473
1 Lake Avenue
Colorado Springs, CO
Hours
Mo-Fr 0800-1700
Sa-Su 1000-1400
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
This location is for Hotel Guests only.

Hertz - Jet Center
(719) 596-1863
1575 Aviation Way
Colorado Springs, CO
Hours
Mo-Fr 0600-2400
Sa 0630-2400
Su 0600-2400.
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Gold Counter Service

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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