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Trade Leased Car Dumfries VA

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
(703) 580-5852
2850 Dale Blvd
Woodbridge, VA

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Penske Truck Rental
(540) 657-1029
3854 Jefferson Davis Hwy
Stafford, VA
 
U-Haul Company
(540) 657-1705
1075 Garrisonville Rd
Stafford, VA
 
Enterprise Rent A Car
(540) 657-9315
32 Doc Stone Rd
Stafford, VA
 
U-Haul Company
(540) 288-9412
3001 Jefferson Davis Hwy
Stafford, VA
 
Hertz - Hi Mart Woodbridge HLE
(703) 492-0583
13412 Jefferson Davis Highway
Woodbridge, VA
Hours
Mo-Fr 0730-1800, 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. In-Car Navigation System , 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
Pick up time must be at least one hour after location opening and one hour prior to location closing.

U-Haul Company
(540) 659-3049
3335 Jefferson Davis Hwy
Stafford, VA
 
Avis Rent A Car
(540) 288-2764
315 Garrisonville Rd Ste 117
Stafford, VA
 
U-Haul Company
(540) 657-1705
60 Susa Dr
Stafford, VA
 
ABS Van Rentals
(540) 659-6323
36 Muster Dr
Stafford, VA
 
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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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