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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 Rent-A-Car
(907) 373-2080
4535 E Greenstreet Cir # 1
Wasilla, AK

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Hertz - Anchorage International Airport
(907) 243-4118
4555 International Airport Road
Anchorage, AK
Hours
0600-0200 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Ski Equipped Vehicles, Gold Counter Service
Additional Information
After Hours - After hours returns are allowed. Park the vehicle in the Hertz area, then place keys and rental record in the drop box located at the Hertz counter. Railroad - Approximately 8 miles from the railroad station. Cab fare will be reimbursed with receipt.

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.

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

U-Haul Company
(907) 789-7098
10011 Glacier Hwy
Juneau, AK
 
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.

Evergreen Motors Inc
(907) 789-9300
8895 Mallard St
Juneau, AK
 
Payless Car Rental
(605) 225-1384
215 Ferry Way
Juneau, AK
 
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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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