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Trade Leased Car Kenner 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.

Enterprise Auto Rental
(504) 468-3018
600 Airline Dr
Kenner, LA
 
Hertz - Signature Aviation
(504) 468-3695
2200 Aberdeen
New Orleans, LA
Hours
24 Hours, 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Gold Counter Service
Additional Information
This location is for Private Flights only.

Enterprise Auto Rental
(504) 457-0180
734 Veterans Blvd.
Metairie, LA
 
Enterprise Auto Rental
(504) 454-2247
529 N I-10 Service Rd Ste 100
Metairie, LA
 
Enterprise Auto Rental
(504) 483-1779
001 S Carrollton Ave
New, Orleans, LA
 
Hertz - Louis Armstrong New Orleans International Airport
(504) 468-3675
900 Airline Highway
New Orleans, LA
Hours
24 Hours, 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Portable Phones , Gold Counter Service

Hertz - Atlantic Aviation
(504) 466-1700
4000 Bainbridge
New Orleans, LA
Hours
24 Hours, 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Gold Counter Service
Additional Information
This location is for Private Flights only.

Hertz - 4531 Veterans Memorial Blvd HLE
(504) 465-1220
4531 Veterans Memorial Blvd
Metairie, LA
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. In-Car Navigation System , 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.

Enterprise Auto Rental
(504) 838-7277
929 Airline Dr
Metairie, LA
 
Hertz - New Orleans Downtown HLE
(504) 568-1645
901 Convention Center Blvd
New Orleans, LA
Hours
Mo-Fr 0800-1700, Sa-Su 0800-1300
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. In-Car Navigation System , 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
Pier - Approximately 1.0 mile from pier. Customer must call upon arrival to arrange for pickup service or car fare will be reimbursed up to $7.00. - 504-568-1645. Pick up time must be at least one hour after location opening and one hour prior to location closing.

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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