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Trade Leased Car Rapid City SD

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 - West Jet Air Center
(605) 393-0160
4160 Fire Station Road
Rapid City, SD
Hours
Mo-Fr 0700-2300, Sa 0800-2100, Su 0800-2300
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service

Hertz - Rapid City Regional Airport
(605) 393-0160
4550 Terminal Road
Rapid City, SD
Hours
Mo-Fr 0700-2300, Sa 0800-2100, Su 0800-2300
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service

Enterprise Rent-A-Car
(605) 399-9939
1254 E North St
Rapid City, SD

Data Provided by:
Hertz - Landmark Aviation
(605) 336-8790
3501 Aviation Avenue
Sioux Falls, SD
Hours
Mo-Fr 0700-2300, Sa-Su 0800-2300
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
Located at the Sioux Falls Regional Airport. This location was formerly known as 'Encore Aviation'.

Enterprise Rent-A-Car
(605) 393-4311
4550 Terminal Rd Ste 202
Rapid City, SD

Data Provided by:
Enterprise Rent-A-Car
(605) 393-4311
4550 Terminal Rd Ste 202
Rapid City, SD

Data Provided by:
Enterprise Rent-A-Car
(605) 399-9939
1254 E North St
Rapid City, SD

Data Provided by:
Enterprise Auto Rental
(605) 977-6100
322 N Minnesota Ave
Sioux, Falls, SD
 
Hertz - West Jet Air Center
(605) 393-0160
4160 Fire Station Road
Rapid City, SD
Hours
Mo-Fr 0700-2300, Sa 0800-2100, Su 0800-2300
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service

Hertz - Foss Field
(605) 336-8790
2801 Jaycee Lane
Sioux Falls, SD
Hours
Mo-Fr 0700-2300, Sa-Su 0800-2300
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
After Hours - After hour returns are allowed as long as the terminal building is open. Times may vary depending on delayed flight arrivals. If open, park vehicle in the Hertz area. Place keys and rental record in the Hertz designated Express Return at the counter.

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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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