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Trade Leased Car Jennings 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 - Houma Jet FBO
(985) 868-7858
3602 Thunderbird Road
Houma, LA
Hours
Mo-Fr 0730-1800, Sa 0900-1200, Su Closed
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
(225) 274-1903
2888 Florida Blvd, Suite A
Baton, Rouge, LA
 
Enterprise Auto Rental
(225) 344-0629
575 Nicholson Dr
Baton, Rouge, LA
 
Enterprise Auto Rental
(225) 293-7403
117 Siegen Lane
Baton, Rouge, LA
 
Hertz - Lafayette Regional Airport
(337) 233-7010
200 Terminal Drive
Lafayette, LA
Hours
Mo-Fr 0730-2230, Sa 1000-2130, Su 0830-2230
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Portable Phones , Gold Counter Service
Additional Information
After Hours - Meets flight CO3040 arriving at 2349 if reservation is received during regular business hours. After hour returns are allowed. Park vehicle in a Hertz stall directly in front of the terminal. Note ending mileage and fuel level on the contract and place with the keys in the drop box located at the counter. Bus - Approximately 3.5 miles from the bus station. Cab fare will be reimbursed up to $20.00 with receipt.

Hertz - Aero Services
(225) 355-9052
4141 Chuck Yeagar
Baton Rouge, LA
Hours
Mo,We,Fr 0700-1800
Tu,Th,Sa-Su 0800-1800
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service

Enterprise Auto Rental
(225) 293-1145
1020 Airline Hwy
Baton, Rouge, LA
 
Enterprise Rent-A-Car
(225) 926-0730
6615 Florida Blvd
Baton Rouge, LA

Data Provided by:
Hertz - Royal Air
(318) 752-4848
1530 Airport Drive
Shreveport, LA
Hours
Mo-Fr 0730-1730, Sa 0830-1230, Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
This location is for Private Flights only.

Enterprise Rent-A-Car
(337) 364-5851
2215 Highway 14
New Iberia, LA

Data Provided by:
Data Provided by:

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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