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Trade Leased Car Juneau AK

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
(907) 790-1098
3406 Glacier Hwy Ste A
Juneau, AK
 
Avis Rent A Car
(907) 789-9450
1873 Shell Simmons Dr
Juneau, AK
 
Rent A Wreck
(907) 789-4111
2450 Industrial Blvd
Juneau, AK
 
Hertz - Juneau Municipal Airport
(907) 789-9494
1873 Shell Simmons Drive
Juneau, AK
Hours
0630-2200 7 Days
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
Additional Information
After Hours - After hour returns are allowed. Park the vehicle in a Hertz stall. Place keys and rental record in the drop box located at the Hertz counter. Pier - Approximately 5 miles from the pier. Cab fare will be reimbursed up to $20.00 with receipt.

Evergreen Motors Inc
(907) 789-9300
8895 Mallard St
Juneau, AK
 
Payless Car Rental
(605) 225-1384
215 Ferry Way
Juneau, AK
 
National Car Rental
(907) 789-9814
1873 Shell Simmons Dr
Juneau, AK
 
Western Auto
(907) 780-4566
5165 Glacier Hwy
Juneau, AK
 
U-Haul Company
(907) 789-7098
10011 Glacier Hwy
Juneau, AK
 
Alamo Car Rental
(907) 789-4814
1873 Shell Simmons Dr
Juneau, AK
 

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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