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Trade Leased Car Grants Pass OR

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.

Rental and Leasing - Office Machinery and Equipment
(503) 641-3301
14747 NW Greenbrier Parkway
Portland, OR
 
Hertz - 655 West 7th Avenue HLE
(541) 686-3269
655 West 7th Avenue
Eugene, OR
Hours
Mo-Fr 0730-1800, Sa 0900-1230, 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 - Corvallis Aero Service
(541) 758-4101
5695 Southwest Airport Place
Corvallis, OR
Hours
Mo-Fr 0700-1700, Sa 0800-1230, Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only
Additional Information
This location is for private flight arrivals only. No walkins permitted. This location was formerly known as 'Avia Aviation Services'.

Wilmar Inc.
(503) 789-2693
19456 Orchard Grove Drive
Portland, OR
 
Leasing Associates, Inc.
(503) 644-3333
10700 SW Beaverton Hllsdale Hwy
Portland, OR
 
Enterprise Auto Rental
(503) 289-4533
903 N. Lombard Street
Portland, OR
 
Hertz - Roberts Field Airport HLE
(541) 923-1411
2522 Southeast Jesse Butler Circle
Redmond, OR
Hours
Su-Fr 0630-2400, Sa 0830-1800
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, 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 Hour - After hour returns are allowed. Bus - Approximately 4 miles from the bus station. Pickup service may be available. Railroad - Approximately 4 miles from the railroad station. Pickup service may be available.

Hertz - Salem Municipal Airport
(503) 391-1588
2990 25th Street SE
Salem, OR
Hours
Mo-Fr 0800-1700, Sa 0800-1300, Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only
Additional Information
After Hours - After hour returns are allowed. The drop box is located outside near the main entrance to the terminal.

Enterprise Auto Rental
(503) 230-1212
11 E. Burnside Street
Portland, OR
 
Enterprise Auto Rental
(503) 220-8200
623 W. Burnside Street
Portland, OR
 

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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