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Trade Leased Car Gillette WY

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 - Gillette Campbell County Airport
(307) 686-0550
2000 Airport Road
Gillette, WY
Hours
Mo-Fr 0900-2300, Sa 1200-1400 and 1700-1900, Su 1200-1500 and 1800-2300
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
After Hours - Meets all after hour scheduled flights with a 24 hour advanced reservation. After hours returns are allowed 0500-2300 daily. Park the vehicle in the Hertz area, then place the keys and rental agreement in the drop box located at the Hertz counter.

Enterprise Rent-A-Car
(307) 721-9876
517 S 3rd St
Laramie, WY

Data Provided by:
A1 Car Rental
(800) 447-3673
2200 Westkand Rd
Cheyenne, WY
 
Hertz - Gillette Campbell County Airport
(307) 686-0550
2000 Airport Road
Gillette, WY
Hours
Mo-Fr 0900-2300, Sa 1200-1400 and 1700-1900, Su 1200-1500 and 1800-2300
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
After Hours - Meets all after hour scheduled flights with a 24 hour advanced reservation. After hours returns are allowed 0500-2300 daily. Park the vehicle in the Hertz area, then place the keys and rental agreement in the drop box located at the Hertz counter.

Enterprise Rent A Car
(307) 632-1907
2200 Missile Dr
Cheyenne, WY
 
Enterprise Rent-A-Car
(307) 686-5655
603 E 2nd St
Gillette, WY

Data Provided by:
Hertz - Jackson Hole Municipal Airport
(307) 733-2272
1250 East Airport Road
Jackson, WY
Hours
0600-2230 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Ski Equipped Vehicles, Gold Counter Service
Additional Information
Located at the junction of Highways 26, 89 and 191 After Hours - Meets scheduled flights if reservation is received during regular business hours. After hour returns are allowed. Record date, time, milage, and fuel level on the rental jacket. Place the keys and rental jacket in the key return slot located on the front of the counter.

Hertz Penske Truck Rental
(307) 635-3672
4305 Mccann Ave
Cheyenne, WY
 
Taylor Propane Gas Inc
(307) 637-6904
1111 E Lincolnway
Cheyenne, WY
 
Dunham Trucking LLC
(970) 256-7763
3362 E 1/4 Rd
Clifton , WY
 
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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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