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Trade Leased Car Hammond LA

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 - Hammond Airport
(985) 809-6619
405 Industrial Park
Hammond, LA
Hours
Mo- Fr 0800-1700, Sa-Su closed.
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
This location is for Private Flights only.

Hertz - Capitol Jet Center
(225) 356-9592
4460 Blanche Noyes
Baton Rouge, LA
Hours
Mo-Fr 0900-1800
Sa-Su 0900-1500
Special Services
Child Seats, Hand Controls for Disabled Drivers Only

Enterprise Auto Rental
(504) 593-9068
019 Baronne Street
New, Orleans, LA
 
Hertz - Louisiana Aircraft
(225) 357-5222
4225 Chuck Yeager Drive
Baton Rouge, LA
Hours
0600-2200 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
This location is for Private Flights only.

Enterprise Auto Rental
(337) 232-5493
00 Terminal Dr
Lafayette, LA
 
Enterprise Auto Rental
(504) 942-8766
122 Chef Menteur Hwy
New, Orleans, LA
 
Hertz - Ryan Airport
(225) 357-5992
9291 General Chennault Drive
Baton Rouge, LA
Hours
Mo-Fr 0700-2230
Sa 0700-2100
Su 0700-2230
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Gold Counter Service
Additional Information
After Hours - Meets flight that arrives at 0008 if reservation is received before 2200 Monday through Friday. Meets all other scheduled flights if reservation is received during regular business hours. After hours returns are allowed. Park the vehicle in the Hertz area. Place the keys and rental agreement in the drop box, located at the Hertz counter.

Enterprise Auto Rental
(225) 293-7403
117 Siegen Lane
Baton, Rouge, LA
 
Enterprise Auto Rental
(337) 269-0170
700 Sw Evangeline Trwy
Lafayette, LA
 
Hertz - Vision Aviation
(337) 477-0616
500 Airport Blvd.
Lake Charles, LA
Hours
Mo-Fr 0700-2200, Sa-Su 0800-2200
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service

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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