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Trade Leased Car Lehigh Acres FL

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
(239) 369-6008
1239 Homestead Rd N
Lehigh Acres, FL
 
Plattners Automotive of Lehigh Superstore
(239) 332-8811
801 Abrams Blvd
Lehigh Acres, FL
 
Hertz - Ft. Myers Southwest Regional Airport
(239) 768-3100
10997 Terminal Access Road
Ft Myers, FL
Hours
0430-0030 7 Days
Special Services
Child Seats, Gold Canopy , Hand Controls for Disabled Drivers Only In-Car Navigation System , Prestige Service
Additional Information
After Hours - Meets commercial flights. Bus - Approximately 15 miles from the bus station.

Enterprise Auto Rental
(239) 561-2306
0100 Daniels Pkwy
Fort, Myers, FL
 
Enterprise Auto Rental
(239) 332-4558
509 Fowler St
Fort, Myers, FL
 
Penske Truck Rental
(239) 693-6579
800 Abrams Blvd N-12 Ste N-12
Lehigh Acres, FL
 
Enterprise Auto Rental
(239) 561-2227
0991 Terminal Access Rd
Fort, Myers, FL
 
Hertz - Private Sky Aviation
(239) 334-0594
11854 Regional Lane
Ft Myers, FL
Hours
0500-0030 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only
Additional Information
This location is for Private Flights only. Tail number is required for rental.

Enterprise Auto Rental
(239) 466-0053
4375 S. Tamiami Trail
Fort, Myers, FL
 
Hertz - Ft. Myers Fowler HLE
(239) 334-0594
3575 Fowler Street
Ft Myers, FL
Hours
Mo-Fr 0730-1800
Sa 0900-1300
Su Closed
Special Services
Child Seats, Gold Canopy , 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 , 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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