Auto Leasing Guide
Go to LeaseGuide.com now !
» » ยป

Trade Leased Car Reno NV

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 - Silver Legacy Resort
(775) 325-7593
407 North Virginia Street
Reno, NV
Hours
0800-1400 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Ski Equipped Vehicles, 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 hour - After hour returns are allowed. Park vehicle on the 10th floor of the Silver Legacy parking garage in the Hertz stalls. Place completed rental agreement and keys in the drop box located at the rental desk of the Silver Legacy in the hotel lobby. Bus - Approximately 4 blocks fro the Greyhound station. Please call upon arrival for pickup service.

Hertz - Harrahs Reno
(775) 786-2527
219 North Center Street
Reno, NV
Hours
0800-1400 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , 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 - Amtrak Reno Downtown
(775) 786-2527
135 East Commercial Road
Reno, NV
Hours
0800-1400 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only
Additional Information
After Hours - Please reserve at the Reno/Tahoe International Airport . Cab fare will be reimbursed up to $10.00 with receipt.

Silver State International Trucks
(775) 685-6000
2255 Larkin Cir
Sparks, NV
 
Hertz Corp
(775) 359-9090
1610 Kleppe Ln
Sparks, NV
 
Hertz - Circus Circus Reno
(775) 325-7593
500 North Sierra Street
Reno, NV
Hours
0800-1400 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
After Hours - After hour returns are allowed. Please park the vehicle on the 10th floor of the Silver Legacy self parking garage. The drop box is located on the Hertz counter in the Silver Legacy lobby.

Hertz - Eldorado Hotel Casino
(775) 325-7593
345 North Virginia Street
Reno, NV
Hours
0800-1400 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Ski Equipped Vehicles
Additional Information
After Hours - After hour returns are allowed. Park vehicle on the 10th floor of the Silver Legacy parking garage in the Hertz stalls. Place completed rental agreement and keys in the drop box located at the rental desk of the Silver Legacy in the hotel lobby.

Enterprise Auto Rental
(775) 328-1671
09 W 4Th St
Reno, NV
 
Hertz - Peppermill Hotel Casino
(775) 827-2469
2707 South Virginia Street
Reno, NV
Hours
0800-1300 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Gold Counter Service
Additional Information
After hour - After hour returns are allowed. Park vehicle in the Hertz stalls. Place completed rental agreement and keys in the drop box located at the rental desk of the Peppermill Hotel Casino in the lobby.

Enterprise Auto Rental
(775) 325-8882
500 E 2Nd St
Reno, NV
 

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...

Click here to read the rest of this article from Lease Guide