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Trade Leased Car Lebanon OR

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.

Mr. Formal Tuxedo Sales & Rentals
(503) 238-7216
1205 S.E. Grand Avenue
Portland, OR
 
Hertz - Gorge Winds Aviations
(503) 669-1923
920 Northwest Perimeter Way
Troutdale, OR
Hours
Mo-Fr 0700-1800, Sa-Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only

Hertz - Portland International Airport
(503) 528-7900
7000 Northeast Airport Way
Portland, OR
Hours
0500-0200 7 Days
Special Services
Child Seats, Gold Canopy , Hand Controls for Disabled Drivers Only In-Car Navigation System , Prestige Service , Ski Equipped Vehicles, 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.

Peter Corvallis Productions, Inc.
(503) 222-1664
2204 N. Clark Avenue
Portland, OR
 
Hertz - Coos Aviation
(541) 756-4416
1210 Airport Way
North Bend, OR
Hours
0800-1500 and 1900-2000 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only
Additional Information
This location is for Private Flights only.

Hertz - Sandy Auto Body
(503) 668-4175
38650 Pioneer Blvd
Sandy, OR
Hours
Mo-Fr 0800-1700, 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., Gold Counter Service
Additional Information
This location is for Insurance Replacement only.

Enterprise Auto Rental
(503) 963-1795
740 Ne Sandy Blvd
Portland, OR
 
Enterprise Auto Rental
(503) 257-7700
23 N.E. 102Nd Avenue
Portland, OR
 
Hertz - Salem Municipal Airport
(503) 391-1588
2990 25th Street SE
Salem, OR
Hours
Mo-Fr 0800-1700, Sa 0800-1300, Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only
Additional Information
After Hours - After hour returns are allowed. The drop box is located outside near the main entrance to the terminal.

Hertz - Hillsboro Aviation
(503) 846-1330
3565 Northeast Cornell Road
Hillsboro, OR
Hours
Mo-Fr 0630-1830, Sa-Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only

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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