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Trade Leased Car Deerfield Beach FL

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.

U-Haul Company
(954) 596-2759
415 S Federal Hwy
Deerfield Beach, FL
 
Warricks Rent A Car
(954) 360-0667
1997 NE 2nd St
Deerfield Beach, FL
 
Avis Rent A Car
(954) 427-1108
766 Rich Dr
Deerfield Beach, FL
 
Tri-Rail
(954) 788-7937
800 NW 33rd St.
Pompano Beach, FL
 
Hertz - Marriott Boca Center
(561) 392-9082
5150 Town Center Circle
Boca Raton, FL
Hours
Mo-Sa 0930-1600,Su 0930-1400.
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
This location is for Hotel Guests Only.

Hertz Penske Truck Rental
(954) 428-6456
3350 SW 10th St
Deerfield Beach, FL
 
Enterprise Rent A Car
(954) 725-4192
1701 W Hillsboro Blvd
Deerfield Beach, FL
 
Hertz - Pompano North HLE
(954) 480-8510
5001 North Federal Highway
Pompano Beach, FL
Hours
Mo-Fr 0800-1800
Sa 0900-1200
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.

Hertz - Landrover of Fort Lauderdale
(954) 946-3067
400 West Copans Road
Ft Lauderdale, FL
Hours
Mo-Fr 0800-1700,Sa 0900-1200,Su Closed.
Special Services
Child Seats, Hand Controls for Disabled Drivers Only

Enterprise Rent-A-Car
(954) 786-0222
2831 N Federal Hwy
Pompano Beach, FL

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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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