Auto Leasing Guide
Go to LeaseGuide.com now !

Trade Leased Car Coventry RI

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
(401) 739-8700
65 Amflex Dr
Cranston, RI
 
Hertz - Northstar Aviation
(401) 738-2600
544 Airport Road
Providence, RI
Hours
0600-2400 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System
Additional Information
This location is for Private Flights only.

Enterprise Auto Rental
(401) 732-5261
0 Dewey Avenue
Warwick, RI
 
Hertz Penske Truck Rental
(401) 463-5557
7 Fyffe Ave
Cranston, RI
 
U-Haul Company
(401) 946-5019
801 Oaklawn Ave
Cranston, RI
 
Hertz - T.F. Green Airport
(401) 738-7500
2000 Post Road
Providence, RI
Hours
Mo-Fr 0600-0030, Sa 0600-2400, Su 0600-0030
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Ski Equipped Vehicles, Gold Counter Service
Additional Information
After Hours - After hour returns are allowed 0500-0030. Park vehicle in the Hertz area. Place keys and rental record in the drop box located at the counter.

Enterprise Rent-A-Car
(401) 828-5577
300 Quaker Ln
Warwick, RI

Data Provided by:
U-Haul Company
(401) 943-2945
1125 Cranston St
Cranston, RI
 
Ami Leasing
(401) 463-5234
11 Sharpe Dr
Cranston, RI
 
Hertz - Quonset Airport FBO
(401) 885-0879
210 Airport Street
North Kingstown, RI
Hours
Mo-Fr 0800-1800, Sa 0900-1200, Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only
Additional Information
This location is for Private Flights only. After hours - After hour returns are allowed. Place completed Rental Agreement and keys in the drop box located on the right side of the building. This location is also known as Landmark Aviation.

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...

Click here to read the rest of this article from Lease Guide