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Trade Leased Car Fairbanks AK

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 - Fairbanks International Airport
(907) 452-4444
6450 Airport Way
Fairbanks, AK
Hours
0630-0100 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
After Hours - After hour returns are allowed. Park vehicle in a Hertz stall, place keys and rental agreement in the drop box, located at the Hertz counter. Railroad - Approximately 8 miles from the railroad station. Cab fare will be reimbursed with receipt. Bus - Approximately 10 blocks to the bus station. Pickup service is available 0800-1700. Please call upon arrival to arrange for pickup service.

National Car & Truck Rental
(907) 451-7368
4960 Dale Rd
Fairbanks, AK

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Enterprise Auto Rental
(907) 277-1600
26 E 4Th Ave
Anchorage, AK
 
Enterprise Auto Rental
(907) 563-5050
10 E Intl Airport Rd
Anchorage, AK
 
Hertz - Kenai Airport HLE
(907) 283-8080
305 North Willow Street
Kenai, AK
Hours
Mo-Fr 0630-1830
Sa 0830-1600
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., 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 - Dale Road
(907) 452-4444
4520 Dale Road
Fairbanks, AK
Hours
Mo-Fr 0800-1700
Sa-Su closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service

Budget Rent A Car
(907) 790-1098
3406 Glacier Hwy Ste A
Juneau, AK
 
Payless Car Rental
(605) 225-1384
215 Ferry Way
Juneau, AK
 
Hertz - 600 Port Avenue
(907) 224-4378
600 Port Avenue
Seward, AK
Hours
0800-1700 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only
Additional Information
After Hours - Meets reservations up to 2100 if received during regular business hours. After hour returns are allowed. Park vehicle in the Hertz area, place keys and rental record in the drop box located next to the door on the window. Pier - Approximately 1/4 mile from the cruise ship terminal. Pickup service is available. Please call upon arrival.

Hertz - Elmendorf AFB
(907) 753-0199
Westover Avenue
Elmendorf, AK
Hours
Mo-Sa 0900-1900
Su 1000-1900
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
This location is for military personnel only.

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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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