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Trade Leased Car Enid OK

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.

Hertz - 1306 North Interstate Drive HLE
(405) 292-0484
1306 North Interstate Drive
Norman, OK
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.

Hertz - Wiley Post Service Center FBO
(405) 773-7212
7200 N W 63rd Street
Bethany, OK
Hours
0500-2200 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
This location is for Private Flights only.

Hertz - Sundance Airpark
(405) 681-2343
12210 North Sara Road
Oklahoma City, OK
Hours
0800-1800 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
This location is for Private Flights only.

Hertz - Biz Jet
(918) 272-1080
3515 North Sheridan Road
Tulsa, OK
Hours
Mo-Fr 0700-1800, Sa-Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
This location is for Private Flights only.

Hertz - AAR
(405) 681-2343
6611 South Meridian
Oklahoma City, OK
Hours
Su-Fr 0600-0100, Sa 0600-2400
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Gold Counter Service
Additional Information
This location is for Private Flight arrivals only.

Enterprise Auto Rental
(918) 445-4420
07 W. 51St Street
Tulsa, OK
 
Enterprise Auto Rental
(405) 685-8122
200 S Meridian Ave
Oklahoma, City, OK
 
Enterprise Auto Rental
(918) 250-0519
607 S Memorial Dr
Tulsa, OK
 
Enterprise Rent-A-Car
(405) 685-4193
7100 Terminal Dr
Oklahoma City, OK

Data Provided by:
Enterprise Auto Rental
(918) 583-4880
228 E 11Th St
Tulsa, OK
 
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...

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