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Trade Leased Car Derby KS

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.

Enterprise Rent-A-Car
(316) 682-1200
5401 E Kellogg Dr
Wichita, KS

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Enterprise Auto Rental
(316) 682-2323
32 N Webb Rd Ste 200
Wichita, KS
 
Hertz - East Wichita HLE
(316) 689-3773
550 North Webb Road
Wichita, KS
Hours
Mo-Fr 0700-1830
Sa 0800-1400
Su 1300-1600
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. Park vehicle in Hertz area, place keys and rental record in the drop box. Pick up time must be at least one hour after location opening and one hour prior to location closing.

Enterprise Auto Rental
(316) 263-4035
001 E. Central
Wichita, KS
 
Enterprise Rent-A-Car
(316) 681-1000
6300 E 37th St N
Bel Aire, KS

Data Provided by:
Enterprise Auto Rental
(316) 682-1200
401 E Kellogg Dr
Wichita, KS
 
Enterprise Rent-A-Car
(316) 682-2323
832 N Webb Suite 200
Wichita, KS

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Hertz - Raytheon Aircraft Delivery Center
(316) 689-3773
9709 East Central
Wichita, KS
Hours
0800-1700 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only
Additional Information
This location is for Raytheon Employees Private Flights only. After hours - After hour returns are allowed. Record date, time, mileage and tank level on the rental agreement. Leave rental record and keys with FBO personnel.

Hertz - Downtown Wichita HLE
(316) 263-2004
535 West Douglas Avenue
Wichita, KS
Hours
Mo-Fr 0700-1830
Sa 0800-1200
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.
Additional Information
After Hours - After hour returns are allowed. Park vehicle in lot located at the rear of the building. Drop box is located in front of the facility. Pick up time must be at least one hour after location opening and one hour prior to location closing.

Hertz - Learjet Inc.
(316) 946-4860
1 Learjet Way
Wichita, KS
Hours
0600-2200 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System
Additional Information
After hours - After hour returns are allowed. Record return date, time, mileage and fuel leve on rental record. Please rental record and keys in the glove box and lock the vehicle.

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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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