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Trade Leased Car Los Lunas NM

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 - Bode Aviation
(505) 899-5980
7401 Paseo Del Volcan Northwest
Albuquerque, NM
Hours
0800-2000 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Ski Equipped Vehicles
Additional Information
This location is for Private Flights only. Located at the Double Eagle Airport.

Hertz - Los Alamos Airport HLE
(505) 662-8907
1040 Airport Road
Los Alamos, NM
Hours
Mo-Fr 0730-1800, Sa 0730-1300, Su 0730-1500
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 Hours - After hour returns are allowed.

Budget Rent A Car
(505) 344-7196
3501 Pan American Fwy Ne
Albuquerque, NM

Data Provided by:
Penske Truck Rental
(575) 526-9024
2001 S Valley Dr
Las Cruces, NM
 
Hertz Penske Truck Rental
(575) 526-7931
344 Keathley Dr
Las Cruces, NM
 
Enterprise Auto Rental
(505) 765-9100
400 University Ave Suite D
Albuquerque, NM
 
Enterprise Auto Rental
(505) 883-0300
000-B San Mateo Boulevard
Albuquerque, NM
 
Enterprise Auto Rental
(505) 255-4085
401 1St Street Bldg 20224
Kirtland, Afb, NM
 
Enterprise Rent A Car
(505) 994-2000
1550 Rio Rancho Dr SE
Rio Rancho, NM
 
Hertz - Amtrak Train Station
(505) 842-4235
301 1st Street
Albuquerque, NM
Hours
1030-1700 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Ski Equipped Vehicles, Gold Counter Service
Additional Information
Located approximately 5 miles from the Albuquerque International Airport.

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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