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Trade Leased Car Kaysville UT

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.

Enterprise Rent A Car
(801) 593-6007
865 W Gordon Ave
Layton, UT
 
U-Haul Company
(801) 544-6586
1728 W Gordon Ave
Layton, UT
 
U-Haul Company
(801) 774-9990
2085 N Hill Field Rd
Layton, UT
 
Budget Truck Rental
(801) 575-2500
1486 N Main St
Layton, UT
 
Hertz - Riverdale HLE
(801) 614-5005
5320 South Freeway Park Drive
Ogden, UT
Hours
Mo-Fr 0730-1800, 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., 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 - Meets after hour reservations. After hour returns are allowed. Park vehicle in the Hertz area. Place keys and Rental Record in the drop box located on the building.

Hertz Corp
(801) 773-6300
1573 N Main St
Layton, UT
 
Hertz - Layton Downtown
(801) 773-6060
1573 North Main
Layton, UT
Hours
Mo-Fr 0800-1600, Sa-Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only

U-Haul Company
(801) 544-3843
608 S Main St
Layton, UT
 
Hertz - Bountiful Collision
(801) 596-2670
730 West 500 South
West Bountiful, UT
Hours
Mo-Fr 0730-1730, 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., 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 for insurance replacement rentals only.

Hertz - Bountilful HLE
(801) 596-2670
995 North 400 East
North Salt Lake, UT
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., 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.

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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