Trade Leased Car Coventry RI
Mo-Fr 0600-0030, Sa 0600-2400, Su 0600-0030
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Ski Equipped Vehicles, Gold Counter Service
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.
0600-2400 7 Days
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System
This location is for Private Flights only.
North Kingstown, RI
Mo-Fr 0800-1800, Sa 0900-1200, Su Closed
Child Seats, Hand Controls for Disabled Drivers Only
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.
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 – or is it better to wait until lease-end to trade – 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 — 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...