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Trade Leased Car Des Moines IA

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 Auto Rental
(515) 331-1000
141 Merle Hay Road
Des, Moines, IA
 
Hertz - Meredith Corporation
(515) 276-1177
1716 Locust Street
Des Moines, IA
Hours
Mo-Fr 0730-1730
Sa 0800-1200
Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
This location is Meredith Corporation use only. After Hours - After hour returns are allowed. Leave the keys and the contract with the security guard.

Hertz - Meredith Hangar
(515) 285-9650
2602 McKinley Avenue
Des Moines, IA
Hours
Su-Fr 0700-1900
Sa 0700-1700
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
This location is for private flights. After Hours - After hour returns are allowed. Please leave the keys and rental record with the security guard.

Enterprise Auto Rental
(515) 256-5665
800 Fleur Dr
Des, Moines, IA
 
Hertz - Elliott Aviation
(515) 285-9650
2800 McKinley Avenue
Des Moines, IA
Hours
24 Hours
7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System
Additional Information
Call letters or tail number of aircraft required on reservation. Radio frequency ARINC 130.57, UNICOM 122.95. This location is for private flights only.

Enterprise Auto Rental
(515) 282-8000
24 W. 14Th Street
Des, Moines, IA
 
Hertz - Bob Brown Chevrolet
(515) 270-3828
4224 Merle Hay Road
Des Moines, IA
Hours
Mo-Fr 0700-1730
Sa-Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , 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
This location is for Insurance Replacement Rentals only. Pick up time must be at least one hour after location opening and one hour prior to location closing.

Enterprise Auto Rental
(515) 285-2525
601 Fleur Drive
Des, Moines, IA
 
Hertz - Mid-America Jet Center
(515) 285-9650
2606 McKinley Avenue
Des Moines, IA
Hours
0700-2200 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Gold Counter Service
Additional Information
This locatiion is for Private Flights only. No walkins allowed. Call letters or tail number of aircraft is required on reservation.

Enterprise Auto Rental
(515) 262-2222
545 E Euclid Ave
Des, Moines, IA
 

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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