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Trade Leased Car Pikeville KY

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 Rent-A-Car
(606) 437-0081
4559 N Mayo Trl
Pikeville, KY

Data Provided by:
Hertz - 4204 Dixie Highway HLE
(859) 342-0141
4204 Dixie Highway
Erlanger, KY
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. Pick up time must be at least one hour after location opening and one hour prior to location closing.

Hertz - Tac Air
(859) 254-3496
4029 Airport Road
Lexington, KY
Hours
0700-1900 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
This location is for Private Flights only.

Enterprise Auto Rental
(502) 589-2211
33 S 8Th St
Louisville, KY
 
Enterprise Rent-A-Car
(502) 778-0096
2109 Dixie Hwy
Louisville, KY

Data Provided by:
Enterprise Rent-A-Car
(859) 283-3040
5977 Merchants St
Florence, KY

Data Provided by:
Hertz - Moore Drive HLE
(859) 373-0777
180 Moore Drive
Lexington, KY
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., 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. Pick up time must be at least one hour after location opening and one hour prior to location closing.

Enterprise Rent-A-Car
(270) 651-6682
609 Happy Valley Rd
Glasgow, KY

Data Provided by:
Enterprise Rent-A-Car
(502) 448-2211
4911 Dixie Hwy
Shively, KY

Data Provided by:
Enterprise Auto Rental
(502) 896-9988
10 Ten Pin Ln
Louisville, KY
 
Data Provided by:

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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