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Trade Leased Car Columbus GA

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.

Penske Truck Rental
(706) 682-3344
4346 Allied Dr
Columbus, GA
 
Enterprise Auto Rental
(706) 660-1090
639 Bradley Park Dr Ste 200
Columbus, GA
 
National Car Rental
(706) 321-8988
2911 Airport Thruway
Columbus, GA
 
Hertz - CSG Aviation
(706) 324-2453
3250 West Britt David Road
Columbus, GA
Hours
Su-Fr 0700-2100
Sa 0700-1800
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
Radio frequency 2295

Budget Car & Truck Rental
(706) 327-5501
3250 W Britt David Rd Ste 111
Columbus, GA
 
Fifty Cent Rent A Car
(706) 323-1060
1509 Wynnton Rd
Columbus, GA
 
Hertz Penske Truck Rental
(706) 653-7847
1435 54th St
Columbus, GA
 
Hertz - Columbus Metro Airport
(706) 324-2725
3250 West Britt David Road
Columbus, GA
Hours
Su-Fr 0700-2230
Sa 0700-1800
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 - Will meet scheduled commercial flights after hours as long as the reservation is received during regular business hours. After hour returns are allowed during airport terminal hours of operation only. Place keys and rental agreement in the drop box located at the Hertz counter. Bus - Approximately 7 1/2 miles from the bus station.

Hertz Corp
(706) 324-2725
3250 W Britt David Rd
Columbus, GA
 
Hertz - Legacy Chevrolet HLE
(706) 494-7118
3615 North Manchester Expressway
Columbus, GA
Hours
Mo-Fr 0700-1900
Sa 0700-1400
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.

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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