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Trade Leased Car North Richland Hills TX

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.

U-Haul Company
(817) 595-5914
6724 Baker Blvd
North Richland Hills, TX
 
U-Haul Company
(817) 656-2005
8221 Boulevard 26
North Richland Hills, TX
 
Enterprise Rent-A-Car
(817) 284-1067
7035 Grapevine Hwy
Fort Worth, TX

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Penske Truck Rental
(817) 595-0797
7410 Boulevard 26
North Richland Hills, TX
 
Hertz - 8706 Airport Freeway HLE
(817) 595-1981
8706 Airport Freeway
North Richland Hills, TX
Hours
Mo-Fr 0700-1800, 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., 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.

Enterprise Rent A Car
(817) 514-3830
5700 Rufe Snow Dr
North Richland Hills, TX
 
Enterprise Rent A Car
(817) 284-1067
7035 Boulevard 26
North Richland Hills, TX
 
Hertz Local Edition
(817) 581-9264
6920 NE Loop 820
North Richland Hills, TX
 
U-Haul Company
(817) 284-2226
7047 Boulevard 26
North Richland Hills, TX
 
U-Haul Company
(817) 577-1732
6550 Browning Dr
North Richland Hills, TX
 
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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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