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Trade Leased Car La Follette TN

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
(865) 922-0709
517B Maynardville Pike
Knoxville, TN
 
Hertz - US Aviation
(731) 984-7440
266 Grady Montgomery Drive
Jackson, TN
Hours
Mo-Sa 0800-1800, Su 1330-1800
Special Services
Child Seats, Hand Controls for Disabled Drivers Only
Additional Information
This location is for private flight arrivals only. No walkins permitted.

Hertz - Smyrna Airport HLE
(615) 355-4755
300 Doug Warpoole Road
Smyrna, TN
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.
Additional Information
Pick up time must be at least one hour after location opening and one hour prior to location closing.

Enterprise Auto Rental
(901) 396-3736
909 Airways Blvd
Memphis, TN
 
Hertz - Covington Pike HLE
(901) 388-2338
1919 Covington Pike
Memphis, TN
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.
Additional Information
Bus - Approximately 23 miles from the bus station. Cab fare will be reimbursed up to $25.00 with receipt. Railroad - Approximately 14 miles from the railroad station. Pick up time must be at least one hour after location opening and one hour prior to location closing.

Budget Rent A Car
(865) 531-2198
8014 Kingston Pike
Knoxville, TN

Data Provided by:
Hertz - Nashville Downtown HLE
(615) 327-5453
3100 Charlotte Avenue
Nashville, TN
Hours
Mo-Fr 0730-1800, Sa 0900-1400, Su 1200-1600
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.

Hertz - Tri City Airport
(423) 325-6200
2525 Highway 75
Kingsport, TN
Hours
Mo-Fr 0600-2330, Sa-Su 0700-2330
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
After Hours - Meets flights if reservation is received during regular business hours. After hours returns are permitted. Park the vehicle in the Hertz area, the place the keys and rental agreement in the drop box, located at the Hertz counter. Bus - Approximately 17 miles from the bus station. Pickup service is available if reservation is received at least 7 days in advance.

Hertz - Lovell Field Airport
(423) 855-8131
1101 Airport Road
Chattanooga, TN
Hours
Mo-Fr 0700-2330, Sa 0800-2200, Su 0800-2330
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
After Hours - After hour returns are allowed. Park vehicle in the Hertz area. Place keys and rental record in the drop box located at the counter. Bus - Approximately 12 miles from the bus station. Cab fare will be reimbursed with receipt. Please call upon arrival.

Enterprise Auto Rental
(615) 279-5604
214 8Th Ave S
Nashville, TN
 
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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