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Trade Leased Car New London CT

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 - 320 Thomas Road HLE
(860) 446-1200
320 Thomas Road
Groton, CT
Hours
Mo-Fr 0730-1800
Sa 0900-1300
Su 1300-1600
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., Ski Equipped Vehicles, 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. Park vehicle in the Hertz area. Place keys and rental record in the drop slot, located by the front door. Bus - Approximately 7 miles from the Greyhound station. Cab fare will be reimbursed up to $20.00 with receipt. Pick up time must be at least one hour after location opening and one hour prior to location closing.

Hertz - Mystic Depot Amtrak
(860) 446-1200
2 Roosevelt Avenue
Mystic, CT
Hours
Mo 0930-1630
Tu Closed
We-Fr 0930-1630
Sa 0900-1200
Su 1300-1600
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Ski Equipped Vehicles
Additional Information
This location is for Amtrak arrivals only.

Hertz - Hartford Steam Boiler
(860) 247-0044
1 State Street
Hartford, CT
Hours
Mo-Fr 0800-1700
Sa-Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System
Additional Information
This location is for Hartford Steamboiler Employees only.

Penske Truck Rental
(203) 334-8367
225 Boston Ave
Bridgeport, CT
 
Hertz - Amtrak Hartford
(860) 247-0044
1 Union Place
Hartford, CT
Hours
Mo-Fr 0800-1730
Sa 0900-1130
Su Closed.
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Ski Equipped Vehicles

independent copier
(860) 739-6950
255 rte 12 #664
groton, CT
 
Hertz - New London Amtrak
(860) 446-1200
27 Water Street
New London, CT
Hours
Mo-Fr 0730-1800
Sa 0900-1200
Su 1300-1600
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Ski Equipped Vehicles
Additional Information
This location is for Amtrak arrivals only. There is not a Hertz location at the New London Amtrak. Please call the servicing location upon arrival - 860-446-1200. Cab fare will be reimbursed up to $20.00 with receipt. The Groton location is approximately 7 miles away.

Hertz - 301 Merritt 7 HLE
(203) 849-7757
301 Merritt Seven
Norwalk, CT
Hours
Mo-Fr 0730-1800
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. In-Car Navigation System , 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.

Hertz - General Electric Delivery Location
(203) 225-0448
2 Corporate Drive
Shelton, CT
Hours
Mo-Fr 0800-1700
Sa-Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System
Additional Information
This location is for General Electric employees only.

Hertz - Freedom Jets Aviation
(860) 456-4156
39 Airport Road
North Windham, CT
Hours
Mo-Fr 0730-1800
Sa 0900-1200
Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
This location is for Private Flights only.

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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