Auto Leasing Guide
Go to LeaseGuide.com now !

Trade Leased Car Essex Junction VT

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 - Heritage Flight
(802) 864-7409
3060 Williston Road
Burlington, VT
Hours
Mo-Fr 0630-2330, Sa-Su 0700-2330
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Ski Equipped Vehicles, Gold Counter Service
Additional Information
This location is for Private Flights only.

Hertz - Atlantic Aviation
(802) 657-3100
1130 Airport Drive
Burlington, VT
Hours
Mo-Fr 0630-2330, Sa-Su 0700-2330
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Ski Equipped Vehicles, Gold Counter Service
Additional Information
This location is for Private Flights only.

Hertz - Burlington Airport
(802) 864-7409
1200 Airport Drive
Burlington, VT
Hours
Mo-Fr 0630-2400, Sa-Su 0700-2400
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 , Ski Equipped Vehicles, Gold Counter Service
Additional Information
After Hours - After hours returns are allowed 0500-2330. Place keys and rental agreement in the drop box, located at the Hertz counter.

Hertz - Columbia Aviation
(802) 775-3353
1004 Airport Road
Rutland, VT
Hours
0800-1700 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only

U-Haul Company
(336) 437-0509
2105 N Church St
Burlington, VT
 
Hertz - 1335 Shelburne Road HLE
(802) 859-3601
1335 Shelburne Road
Burlington, VT
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., Ski Equipped Vehicles, 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.

Hertz - Amtrak Essex Junction
(802) 864-7409
29 Railroad Avenue
Burlington, VT
Hours
Mo-Fr 0615-2330, Sa-Su 0700-2330
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Ski Equipped Vehicles
Additional Information
After Hours - After hour rentals are allowed. Cab fare up to $20.00 will be reimbursed with receipt. Location is approximately 5 miles from the Burlington Airport.

Enterprise Rent A Car
(336) 229-0336
2326 N Church St
Burlington, VT
 
U-Haul Company
(336) 222-0805
910 S Church St
Burlington, VT
 
Avis Rent A Car
(336) 227-3260
3441 N Aviation Dr
Burlington, VT
 

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