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Trade Leased Car Saint Joseph MO

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.

Diamond International Of St Joseph
(816) 233-5688
5906 Mitchell Ave
Saint Joseph, MO
 
Enterprise Rent-A-Car
(816) 233-9999
210 N Belt Hwy
Saint Joseph, MO
 
U-Haul Company
(816) 232-2677
1717 N Belt Hwy
Saint Joseph, MO
 
Rent A Wreck
(816) 236-0311
4016 Frederick Ave
Saint Joseph, MO
 
Hertz - A and B Carstar of St Joseph
(816) 671-0266
301 North 36th Street
St. Joseph, MO
Hours
Mo-Fr 0700-1800, 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.
Additional Information
This location is for Insurance Replacement rentals only. Pick up time must be at least one hour after location opening and one hour prior to location closing.

Heartland Trailways
(816) 279-7800
2209 Empire Ln
Saint Joseph, MO
 
Car City
(816) 233-9149
3408 S Belt Hwy
Saint Joseph, MO
 
Hertz Corp
(816) 671-0266
2608 N Belt Hwy
Saint Joseph, MO
 
Nationalease of St Joseph
(816) 233-8785
20951 State Route K
Saint Joseph, MO
 
Hertz - 2608 North Belt Highway HLE
(816) 671-0266
2608 North Belt Highway
St. Joseph, MO
Hours
Mo-Fr 0700-1800, 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
After Hours - After hour returns are allowed. Pick up time must be at least one hour after location opening and one hour prior to location closing.

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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