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Trade Leased Car Roanoke Rapids NC

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.

Budget Rent A Car
(252) 537-2432
1228 Roanoke Ave
Roanoke Rapids, NC

Data Provided by:
Ford Rental System
(704) 532-3263
5324 E Independence Blvd
Charlotte, NC
 
Enterprise Auto Rental
(910) 397-9110
437 S College Rd
Wilmington, NC
 
Enterprise Rent-A-Car
(828) 355-5003
1435 Highway 105
Boone, NC

Data Provided by:
Enterprise Auto Rental
(919) 790-1900
105 Capital Blvd
Raleigh, NC
 
Enterprise Rent-A-Car
(434) 634-2595
531 N Main St
Emporia, VA

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Hertz - Raleigh-Durham International Airport
(919) 840-4875
1017 Rental Car Road
Raleigh, NC
Hours
0600-0030 7 Days
Special Services
Child Seats, Gold Canopy , Hand Controls for Disabled Drivers Only In-Car Navigation System , Covered Return Center
Additional Information
After Hours - Meets commercial flights if reservation is received during regular business hours. After hour returns are allowed 0430-0600. Park the vehicle in the Return Center. Please leave the keys in the vehicle and place the rental agreement in the drop box located in front of the building.

Hertz - Air Wilmington
(910) 762-1010
1817 Aviation Drive
Wilmington, NC
Hours
Mo-Fr 0600-2300, Sa 0800-2000, Su 0800-2300
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Gold Counter Service
Additional Information
This location is for Private Flights only.

Enterprise Auto Rental
(704) 535-0521
201 E Independence Blvd
Charlotte, NC
 
Hertz - Uptown Charlotte HLE at Doubletree Hotel
(704) 444-2746
895 West Trade Street
Charlotte, NC
Hours
Mo-Fr 0730-1800, Sa 0900-1200, 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
Located at the Doubletree Hotel at Gateway Village. After Hours - After hour returns are allowed. Park the vehicle in the Hertz designated stalls located in the parking deck. The drop box is located beside the garage door entrance to the hotel. Pick up time must be at least one hour after location opening and one hour prior to location closing.

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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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