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Trade Leased Car London KY

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.

Hertz - 5051 Frederica Street HLE
(270) 683-1624
5051 Frederica Street
Owensboro, KY
Hours
Mo-Fr 0800-1800
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., 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
After hour returns are allowed. Pick up time must be at least one hour after location opening and one hour prior to location closing.

Enterprise Auto Rental
(502) 479-3346
805 Taylorsville Rd
Louisville, KY
 
Enterprise Rent-A-Car
(606) 437-0081
4559 N Mayo Trl
Pikeville, KY

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Enterprise Rent-A-Car
(502) 412-5111
11400 Westport Rd
Louisville, KY

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Enterprise Rent-A-Car
(502) 968-0894
7801 Preston Hwy
Louisville, KY

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Hertz - Louisville Executive Aviation
(502) 491-3725
2700 Gast Boulevard
Louisville, KY
Hours
Mo-Fr 0500-0100
Sa 0500-2400
Su 0500-0100
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
Located at Bowman Field. This location is for Private Flight arrivals only.

Hertz - Fort Campbell HLE
(270) 640-3507
Michigan Avenue
Fort Campbell, KY
Hours
Mo-Fr 0800-1800
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
Located on a military installation. Access to the installation is required to rent at this location. Enter Gate 4 and location is immediately on the right. After Hours - After hour returns are allowed. Pick up time must be at least one hour after location opening and one hour prior to location closing.

Hertz - Lexington Bluegrass Field Airport
(859) 254-3496
4000 Terminal Drive
Lexington, KY
Hours
Mo-Fr 0630-2330
Sa 0700-2300
Su 0630-2330
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Gold Counter Service
Additional Information
After Hours - Meets commercial flights if reservation is received in advance. Flight number required. After hour returns are allowed 0400-0100. Park car in Hertz area. Place keys and rental record in drop box located at Hertz counter.

Budget Rent A Car
(859) 258-2024
2901 Richmond Rd
Lexington, KY

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Budget Rent A Car
(859) 252-8408
1400 Leestown Rd
Lexington, KY

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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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