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Trade Leased Car Roswell NM

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 - Roswell Industrial Air Center
(575) 347-2211
1 Jerry Smith Circle
Roswell, NM
Hours
Mo-Fr 0800-2100, Sa 0800-1400, Su 1000-2100
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., Ski Equipped Vehicles, Gold Counter Service
Additional Information
After Hours - After hour returns are allowed Monday-Saturday 0600-0800, Sunday 0800-1000. Park the vehicle in the Hertz area. Place keys and rental record in the drop box, located at the counter.

Rio Transit
(505) 994-1608
4330 Meadowlark Ln SE
Rio Rancho, NM
 
Premier Transportation
(575) 523-9393
1308 Arizona Ave
Las Cruces, NM
 
Enterprise Auto Rental
(505) 764-9173
200 Lomas Blvd Ne
Albuquerque, NM
 
Enterprise Auto Rental
(505) 266-6616
833 Lomas Boulevard Ne
Albuquerque, NM
 
Hertz - Santa Fe Air Center
(505) 471-2525
121 Aviation Drive
Santa Fe, NM
Hours
0800-1800 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Ski Equipped Vehicles, Gold Counter Service
Additional Information
Also known as Santa Fe Jet Center.

Enterprise Rent A Car
(505) 994-2000
1550 Rio Rancho Dr SE
Rio Rancho, NM
 
Hertz - Atlantic Aviation
(505) 842-4235
2505 Clark Carr Loop S.E.
Albuquerque, NM
Hours
0500-0100 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Ski Equipped Vehicles, Gold Counter Service
Additional Information
This location is for Private Flights only.

Budget Rent A Car
(505) 867-1234
1300 Tuyuna Trl
Bernalillo, NM

Data Provided by:
Enterprise Rent-A-Car
(505) 473-3600
2641 Cerrillos Rd # A
Santa Fe, NM

Data Provided by:
Data Provided by:

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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