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Trade Leased Car Madison AL

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 Auto Rental
(256) 464-5609
300 Madison Blvd
Madison, AL
 
Hertz - Huntsville International Airport
(256) 772-9331
114 International Airport
Huntsville, AL
Hours
Mo-Fr 0600-2300
Sa 0800-1700
Su 0800-2300
Special Services
Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
Counter located in lobby of Sheraton 4 Points Hotel, which is in the airport terminal building. After Hours - Meets last commercial flight Sunday-Friday if reservation is received 24 hours in advance during regular business hours. After hour returns are allowed. Park car in Hertz area, place keys and rental record in drop box located in front of the building. Bus - Approximately 2 blocks from the bus station.

Hertz - Huntsville West HLE
(256) 722-2150
6675 Highway 72 West
Huntsville, AL
Hours
Mo-Fr 0800-1700
Sa 0900-1200
Su Closed
Special Services
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., 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. Park car in Hertz area, place keys and rental record in drop box located in front of the building. Bus - approximately 10 miles from the bus station.

Enterprise Auto Rental
(256) 534-9700
401 Bob Wallace Avenue
Huntsville, AL
 
Hertz - Huntsville South HLE
(256) 551-2744
2223 Memorial Parkway Southwest
Huntsville, AL
Hours
Mo-Fr 0700-1700
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., 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. Park vehicle in Hertz area. Place keys and rental record in drop box located in door on the south side of the building.

Hertz - 9091 Highway 20 West HLE
(256) 772-7166
9091 Highway 20 West
Madison, AL
Hours
Mo-Fr 0800-1700
Sa 0800-1200
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., 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. Park car in Hertz area, place keys and rental record in the drop box located in front of the building.

Hertz - Signature Flight Support
(256) 772-9331
2000 Houston Goodson Way
Huntsville, AL
Hours
Mo-Fr 0600-2230
Sa 0800-1700
Su 0800-2230
Special Services
Hand Controls for Disabled Drivers Only
Additional Information
This location is for Private Flights only.

Enterprise Auto Rental
(256) 430-1818
755-A University Dr Nw
Huntsville, AL
 
Hertz - Decatur Downtown HLE
(256) 353-9110
2410 Beltline Highway
Decatur, AL
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., 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. Park car in Hertz area, place keys and rental record in drop box located in front of the building. Bus - Approximately 8 blocks from the bus station. Pickup service is available, please call upon arrival.

Hertz - 22980 Highway 72 East HLE
(256) 262-1840
22980 Highway 72 East
Athens, AL
Hours
Mo-Fr 0800-1700
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., 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. Park vehicle in Hertz area. Place keys and rental record in the drop slot located in the door on the east side of the building.

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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