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Trade Leased Car Lumberton NC

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
(704) 552-7704
6030 Piedmont Row Dr S
Charlotte, NC

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Enterprise Auto Rental
(919) 840-9555
008 Rental Car Dr
Rdu, Airport, NC
 
Enterprise Auto Rental
(336) 855-6464
700 W Wendover Ave Unit E
Greensboro, NC
 
Hertz - Tidewater Aviation
(252) 637-3021
950 Aviation Drive
New Bern, NC
Hours
Su-Fr 1000-2000, Sa 1000-1600
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
After Hours - After hour returns are allowed. Park the vehicle in the customer lot. Leave the keys and contract at the FBO counter.

Enterprise Auto Rental
(336) 482-3062
709A W Market St
Greensboro, NC
 
Enterprise Auto Rental
(910) 350-0435
911 Market St
Wilmington, NC
 
Enterprise Auto Rental
(704) 348-4433
102 S. Tryon St.
Charlotte, NC
 
Enterprise Auto Rental
(336) 482-2602
725-A High Point Rd
Greensboro, NC
 
Hertz - Asheboro Body Shop
(336) 625-5411
1339 East Salisbury Street
Asheboro, NC
Hours
Mo-Fr 0730-1800, 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 , 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 Rent-A-Car
(919) 620-1810
4504a N Roxboro St
Durham, NC

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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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