Auto Leasing Guide
Go to LeaseGuide.com now !

Trade Leased Car East Stroudsburg PA

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
(570) 426-7071
3021 Milford Rd
East Stroudsburg, PA

Data Provided by:
Bond Auto Sales Inc
(610) 654-1111
410 East Main St
Pen Argyl, PA
 
Al's Tire of Barnesboro
(814) 948-7880
3912 Saint Stans Avenue
Northern Cambria, PA
Services
Auto Service & Repair, Auto Tire Shop Equipment & Supplies, Auto Rental, Wheels & Tires Service & Repair, Auto Inspection
Hours
Mon-Sat

Hertz Penske Truck Rental
(570) 347-0327
9 Alcott Close
Scranton, PA
 
Dollar Rent a Car
(412) 472-5107
875 Greentree Rd
Pittsburgh, PA

Data Provided by:
Bond Auto Sales Inc
(610) 654-1111
410 East Main St,
Pen Argyl, PA
 
Brothers Auto Transport
(610) 863-0200
P.O. Box 160
Wind Gap, PA

Data Provided by:
Hertz - Kraft Food Office
(570) 655-1452
50 New Commerce
Wilkes Barre, PA
Hours
Mo-Fr 0700-2400, Sa 0700-2330, Su 0730-2400.
Special Services
Child Seats, Hand Controls for Disabled Drivers Only
Additional Information
This location is for Kraft Company Use only.

Hertz - Wings Field Airport
(610) 941-6001
1501 Narcissa Road
Blue Bell, PA
Hours
Mo-Fr 0800-1700, Sa-Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System
Additional Information
This location is for Private Flights only.

Hertz - First Flight
(570) 655-1452
101 Hangar Road
Scranton, PA
Hours
Mo-Fr 0800-2400, Sa 0900-2130, Su 0730-2400
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Gold Counter Service
Additional Information
This location is for Private Flights only.

Data Provided by:

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...

Click here to read the rest of this article from Lease Guide