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Trade Leased Car Oklahoma City OK

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
(405) 236-1340
615 N Broadway Ave
Oklahoma, City, OK
 
Enterprise Auto Rental
(405) 848-2499
407 Nw Expressway
Oklahoma, City, OK
 
Hertz - AAR
(405) 681-2343
6611 South Meridian
Oklahoma City, OK
Hours
Su-Fr 0600-0100, Sa 0600-2400
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Gold Counter Service
Additional Information
This location is for Private Flight arrivals only.

Budget Rent A Car
(405) 632-6759
7401 S Shields Blvd
Oklahoma City, OK

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Enterprise Auto Rental
(405) 755-2223
21 E. Memorial Road
Oklahoma, City, OK
 
Hertz - Downtown OKC HLE
(405) 290-7772
2 Santa Fe Plaza
Oklahoma City, OK
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., 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 Auto Rental
(405) 685-8122
200 S Meridian Ave
Oklahoma, City, OK
 
Hertz - Atlantic Aviation
(405) 773-7212
5901 Philip J Rhoads
Oklahoma City, OK
Hours
0600-2200 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
This location is for Private Flights only. Formerly known as Trajen. Located at the Wiley Post Airport.

Enterprise Rent-A-Car
(405) 685-4193
7100 Terminal Dr
Oklahoma City, OK

Data Provided by:
Enterprise Auto Rental
(405) 685-4193
100 Terminal Dr Unit 966
Oklahoma, City, OK
 
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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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