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Trade Leased Car New Iberia LA

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
(337) 364-5851
2215 Highway 14
New Iberia, LA

Data Provided by:
Enterprise Auto Rental
(337) 237-2864
800 West Pinhook Road
Lafayette, LA
 
Enterprise Auto Rental
(337) 269-0170
700 Sw Evangeline Trwy
Lafayette, LA
 
Enterprise Auto Rental
(337) 232-5493
00 Terminal Dr
Lafayette, LA
 
Enterprise Auto Rental
(337) 235-6611
020 Ne Evangeline Thruway
Lafayette, LA
 
Hertz - Odyssey Aviation
(337) 233-7010
123 Grissom Drive
Lafayette, LA
Hours
Mo-Fr 0700-2200, Sa-Su 0800-2200
Special Services
Child Seats
Additional Information
This location is for Private Flights only. Formerly known as Lafayette Aero.

Hertz - Lafayette Regional Airport
(337) 233-7010
200 Terminal Drive
Lafayette, LA
Hours
Mo-Fr 0730-2230, Sa 1000-2130, Su 0830-2230
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Portable Phones , Gold Counter Service
Additional Information
After Hours - Meets flight CO3040 arriving at 2349 if reservation is received during regular business hours. After hour returns are allowed. Park vehicle in a Hertz stall directly in front of the terminal. Note ending mileage and fuel level on the contract and place with the keys in the drop box located at the counter. Bus - Approximately 3.5 miles from the bus station. Cab fare will be reimbursed up to $20.00 with receipt.

Hertz - Paul Fournet Air Service
(337) 233-7010
118 John Glenn Drive
Lafayette, LA
Hours
Mo-Fr 0700-2200, Sa-Su 0800-2200
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service

Enterprise Rent-A-Car
(337) 235-6611
1020 Ne Evangeline Trwy
Lafayette, LA

Data Provided by:
Enterprise Auto Rental
(337) 993-8444
879-B Johnston St
Lafayette, LA
 
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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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