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Trade Leased Car Roanoke VA

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 - Roanoke Regional Airport
(540) 366-3421
5202 Aviation Drive Northwest
Roanoke, VA
Hours
Mo-Fr 0700-2330, Sa 0800-2300, Su 0800-2400
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Gold Counter Service
Additional Information
After Hours - After hour returns are allowed. Park vehicle in the Hertz area. Place keys and rental record in the drop box located at the counter Bus - Approximately 6 miles from the Trailways station. Approximately 5 miles from the Greyhound station. Cab fare will be reimbursed up to $5.00 with receipt.

Hertz - First Team Autobody HLE
(540) 362-1547
6520 Peters Creek Road
Roanoke, VA
Hours
Mo-Fr 0800-1730, 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. In-Car Navigation System
Additional Information
Pick up time must be at least one hour after location opening and one hour prior to location closing.

Enterprise Rent-A-Car
(540) 772-8262
4385 Electric Rd
Roanoke, VA

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Hertz - Fort Monroe
(757) 838-2389
Patch Road
Fort Monroe, VA
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. In-Car Navigation System , 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 on a military installation. Access to the military installation is required. Pickup and return service is only available within the installation. Pick up time must be at least one hour after location opening and one hour prior to location closing.

Hertz - Double Tree Hotel HLE
(703) 413-7142
300 Army Navy Drive
Arlington, VA
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. 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
Pick up time must be at least one hour after location opening and one hour prior to location closing.

Hertz - Landmark Aviation
(540) 366-3421
22 Waypoint Drive
Roanoke, VA
Hours
Mo-Fr 0700-2330, Sa 0800-2300, Su 0800-2400
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
This location is for Private Flights only.

Hertz - Wells Fargo Call Center
(540) 387-0539
7711 Plantation Road
Roanoke, VA
Hours
Mo-Sa 0800-1730, Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
This location is for Wells Fargo/Wachovia Employees only.

Hertz - 231 East 4th Street HLE
(540) 387-0539
231 East 4th Street
Salem, VA
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. 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
Pick up time must be at least one hour after location opening and one hour prior to location closing.

Budget Rent A Car
(703) 506-1780
8661 Leesburg Pike
Vienna, VA

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Enterprise Rent-A-Car
(540) 785-9270
4403 Plank Rd
Fredericksburg, VA

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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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