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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.

Leasing Associates, Inc.
(503) 644-3333
10700 SW Beaverton Hllsdale Hwy
Portland, OR
 
Hertz - Rogue Valley International HLE
(541) 773-4293
1000 Terminal Loop Parkway
Medford, OR
Hours
Mo-Fr 0730-2400, Sa-Su 0800-2400
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
After Hours - After hours returns are allowed. Park the vehicle in the Hertz area. Place the keys and rental agreement in the drop box, located at the Hertz counter or in the parking garage. Bus - Approximately 4 miles from the bus station.

All Pro Auto Body
(503) 771-3232
12444 S.E. Stark St
Portland, OR
Special Services
Towing, Rent A Car, Auto Body, Auto Collision, Car Rental Agency

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

Enterprise Auto Rental
(503) 252-1500
225 Ne Airport Way
Portland, OR
 
Zipcar
(503) 328-3539
808 SW 3rd Avenue
Portland, OR
 
Hertz - Gorge Winds Aviations
(503) 669-1923
920 Northwest Perimeter Way
Troutdale, OR
Hours
Mo-Fr 0700-1800, Sa-Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only

Hertz - Eugene Municipal Airport
(541) 688-9333
28801 Douglas Drive
Eugene, OR
Hours
0600-0030 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
After Hours - Please reserve for the next day during regular business hours. Cab fare to hotel and back to location the next day will be reimbursed up to $20.00 with receipt. After hour returns are allowed. Drop box is located outside the front door of the airport, about 15 feet to the right of the exit. It is on the wall with the other rental car drop boxes.

Enterprise Auto Rental
(503) 257-7700
23 N.E. 102Nd Avenue
Portland, OR
 

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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