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Trade Leased Car Salem NH

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 - 1184 Main Street HLE
(978) 469-8120
1184 Main Street
Haverhill, MA
Hours
Mo-Fr 0800-1800, 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 , 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. Park the vehicle in the Hertz area. Place the keys and completed rental agreement in the mail slot, located on the garage front door.

Enterprise Rent A Car
(603) 821-7414
340 Main St
Nashua, NH
 
Enterprise Rent A Car
(603) 891-1247
147 Daniel Webster Hwy
Nashua, NH
 
Budget Truck Rental
(603) 883-5650
94 E Hollis St
Nashua, NH
 
U-Haul Company
(603) 594-9361
104 Canal St
Nashua, NH
 
Hertz - North East Jet Center
(978) 469-8120
2 Clark Street
North Andover, MA
Hours
Mo-Fr 0900-1700, Sa- Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
This location is for Private Flights only. After Hours - After hour returns are allowed. Park vehicle in the Hertz area and lock vehicle. Complete front of rental jacket and leave Rental Agreement, rental jacket, and keys with the customer service representative at the FBO.

U-Haul Company
(603) 594-9361
95 E Hollis St
Nashua, NH
 
U-Haul Company
(603) 888-5371
286 Daniel Webster Hwy
Nashua, NH
 
U Save Auto & Truck Rental
(603) 886-9667
44 E Hollis St
Nashua, NH
 
Avis Rent A Car
(800) 562-3156
10 St Laurent St At Comfort Inn
Nashua, NH
 

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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