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Trade Leased Car Pendleton OR

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 - Municipal Airport HLE
(541) 276-3183
2016 Airport Road
Pendleton, OR
Hours
Mo-Fr 0800-1700 and 2030-2130, Sa 1100-1700, Su 1000-1600 and 1930-2030
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
Bus - Approximately 4 miles from the bus station. Pickup service may be available. Railroad - Approximately 4 miles from the railroad station. Pickup service may be available.

Hertz - Crown Plaza Hotel HLE
(503) 282-2644
1441 Northeast 2nd Avenue
Portland, OR
Hours
Mo-Fr 0730-1800, 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., 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.

Hertz - Salem Downtown HLE
(503) 566-6644
724 High Street Northeast
Salem, OR
Hours
Mo-Fr 0730-1800, Sa 0900-1300, 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.
Additional Information
After Hours - After hour returns are allowed.

Hertz - Salem Amtrak
(503) 566-6644
500 13th Street Southeast
Salem, OR
Hours
Mo-Fr 0730-1730, Sa-Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only

Zipcar
(503) 328-3539
808 SW 3rd Avenue
Portland, OR
 
Hertz - Million Air
(541) 842-2254
2040 Milligan Way
Medford, OR
Hours
Mo-Sa 0700-1900, Su 0800-1700
Special Services
Child Seats, Hand Controls for Disabled Drivers Only

Hertz - Aurora Jet Center
(503) 582-0345
14357 Keil Road
Aurora, OR
Hours
Mo-Fr 0730-1730, Sa-Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only
Additional Information
After Hours - After hour returns are allowed.

Enterprise Auto Rental
(503) 963-1795
740 Ne Sandy Blvd
Portland, OR
 
Hertz - Municipal Airport HLE
(541) 276-3183
2016 Airport Road
Pendleton, OR
Hours
Mo-Fr 0800-1700 and 2030-2130, Sa 1100-1700, Su 1000-1600 and 1930-2030
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
Bus - Approximately 4 miles from the bus station. Pickup service may be available. Railroad - Approximately 4 miles from the railroad station. Pickup service may be available.

Hertz - Amtrak Portland
(503) 249-5727
800 N.W. 6th Street
Portland, OR
Hours
Mo-Fr 0730-1800, Sa-Su 0800-1600
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System
Additional Information
This location is for Amtrak arrivals only. After Hours - Please reserve at the Portland International Airport, 9445 N. E. Airport Way. Cab fare will be reimbursed up to $30.00 with receipt.

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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