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Trade Leased Car Prairieville LA

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
(225) 744-0097
37460 Ultima Plaza Blvd
Prairieville, LA

Data Provided by:
Enterprise Auto Rental
(225) 744-0097
7460 Ultima Plaza Blvd Ste A
Prairieville, LA
 
Enterprise Auto Rental
(225) 293-1145
1020 Airline Hwy
Baton, Rouge, LA
 
Enterprise Auto Rental
(225) 665-4725
740 S Range Ave
Denham, Springs, LA
 
Budget Rent A Car
(225) 925-0500
3147 College Dr
Baton Rouge, LA

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Hertz - 15255 Airline Highway HLE
(225) 673-9782
15255 Airline Highway
Prairieville, LA
Hours
Mo-Fr 0800-1700, 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
Pick up time must be at least one hour after location opening and one hour prior to location closing.

Enterprise Auto Rental
(225) 644-2205
3297 Airline Hwy
Gonzales, LA
 
Enterprise Auto Rental
(225) 293-7403
117 Siegen Lane
Baton, Rouge, LA
 
Enterprise Auto Rental
(225) 274-1903
2888 Florida Blvd, Suite A
Baton, Rouge, LA
 
Enterprise Auto Rental
(225) 929-7560
121 Florida Blvd.
Baton, Rouge, LA
 
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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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