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Trade Leased Car Greenfield IN

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 - Mt Comfort Airport
(317) 353-2173
3867 Aviation Way
Greenfield, IN
Hours
Mo-Fr 0700-1800
Sa 0700-1200
Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only
Additional Information
This location is for Private Flights only.

Enterprise Auto Rental
(317) 359-3235
111 North Shadeland Avenue
Indianapolis, IN
 
Enterprise Auto Rental
(317) 549-9822
801 Pendleton Pike
Indianapolis, IN
 
Enterprise Rent A Car
(317) 841-1826
9031 Technology Dr
Fishers, IN
 
Avis Rent A Car
(317) 842-7008
9243 E 141st St
Fishers, IN
 
Hertz - Shadeland Avenue HLE
(317) 353-2173
1321 North Shadeland Avenue
Indianapolis, IN
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., 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. Pick up time must be at least one hour after location opening and one hour prior to location closing.

Enterprise Auto Rental
(317) 352-0991
602 E Washington Street
Indianapolis, IN
 
Enterprise Auto Rental
(317) 913-6768
510 E 88Th Pl
Indianapolis, IN
 
U-Haul Company
(317) 585-6936
12650 Ford Dr
Fishers, IN
 
Rent A Car
(317) 845-1868
11650 Lantern Rd
Fishers, IN
 

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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