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Trade Leased Car Jackson MS

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.

Budget Rent A Car
(601) 500-7374
5341 Highway 25
Flowood, MS

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Enterprise Rent-A-Car
(601) 932-5824
101 Howard Wilson Dr
Flowood, MS

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Hertz - Jackson-Evers International Airport
(601) 939-5312
100 International Drive
Jackson, MS
Hours
Mo-Fr 0630-2300, Sa-Su 0700-2300
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Gold Counter Service
Additional Information
After Hours - Meets flights if reservation is received at least 24 hours in advance Monday through Friday and Sunday. This location was formerly known as 'Allen Thompson Field Airport'.

Hertz - Laurel Hattiesburg Airport
(601) 544-4914
1007 Terminal Drive
Hattiesburg, MS
Hours
Mo-Fr 0900-1700, Sa-Su 0900-1300
Special Services
Child Seats, Hand Controls for Disabled Drivers Only
Additional Information
After Hours - Meets DL flight 3288 arriving at 2040 7 Days, if reservation is received during regular hours business hours. After hour returns are allowed. Park the vehicle in the Hertz area, then place keys and rental agreement in the drop box, located at the Hertz counter. If the terminal is closed give the keys and rental record to the security personnel.

Hertz - Laurel Airport
(601) 544-4914
707 Warehouse Drive
Laurel, MS
Hours
Mo-Fr 0900-1700, Sa-Su 0900-1300
Special Services
Child Seats, Hand Controls for Disabled Drivers Only

Hertz - 2657 Lakeland Drive HLE
(601) 932-9056
2657 Lakeland Drive
Flowood, MS
Hours
Mo-Fr 0700-1800, Sa 0900-1300, 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
Pick up time must be at least one hour after location opening and one hour prior to location closing.

Hertz - Hilton Hotel Jackson
(601) 932-9056
1001 East County Line Road
Jackson, MS
Hours
Mo-Fr 0700-1800, Sa 0900-1300, Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only
Additional Information
This location is for Hotel Guests only. Railroad - approximately 6 miles from the railroad station.

Hertz - Atlantic Aviation
(601) 939-5312
110 South Hanger Drive
Jackson, MS
Hours
0700-2200 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
Formerly known as Mercury Air. This location is for Private Flights only.

Hertz - U.S. Aviation
(601) 544-4914
1010 Terminal Drive
Hattiesburg, MS
Hours
Mo-Fr 0900-1700, Sa-Su 0900-1300
Special Services
Child Seats, Hand Controls for Disabled Drivers Only

Hertz - Southaven ABA HLE
(662) 349-1977
7260 Airways Boulevard
Southaven, MS
Hours
Mo-Fr 0900-1700, Sa-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
This location is temporarily closed. Pick up time must be at least one hour after location opening and one hour prior to location closing.

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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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