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Trade Leased Car Salem OR

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 - Salem Downtown HLE
(503) 566-6644
724 High Street Northeast
Salem, OR
Hours
Mo-Fr 0730-1800, Sa 0900-1300, 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.

Hertz - Hertz Car Sales
(503) 581-4466
2790 25th Street Southeast
Salem, OR
Hours
Mo-Fr 0900-1700, 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., 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 vehicle in the Hertz area. Place keys and rental record in the drop box located on the side door of the service station. Bus - Approximately 6 blocks from the bus station. Pickup service is available or cab fare will be reimbursed with reciept. Please call upon arrival. Railroad - Approximately 1 mile from the railroad station. Pickup service is available or cab fare will be reimbursed with receipt. Please call upon arrival.

Hertz - Cedar Hills
(503) 643-3089
3725 Southwest Cedar Hills Blvd
Beaverton, OR
Hours
Mo-Fr 0730-1730, 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., 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
This location is for Insurance Replacement Rentals only.

Hertz - Portland International Airport
(503) 528-7900
7000 Northeast Airport Way
Portland, OR
Hours
0500-0200 7 Days
Special Services
Child Seats, Gold Canopy , Hand Controls for Disabled Drivers Only In-Car Navigation System , Prestige Service , Ski Equipped Vehicles, 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.

Hertz - 13985 Southwest Farmington Road HLE
(503) 626-4066
13985 Southwest Farmington Road
Beaverton, OR
Hours
Mo-Fr 0730-1800, Sa 0900-1300, 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
After Hours - After hour returns are allowed. Cab fare up to $20.00 with receipt will be deducted from rental charges.

Hertz - Salem Amtrak
(503) 566-6644
500 13th Street Southeast
Salem, OR
Hours
Mo-Fr 0730-1730, Sa-Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only

Hertz - Salem Municipal Airport
(503) 391-1588
2990 25th Street SE
Salem, OR
Hours
Mo-Fr 0800-1700, Sa 0800-1300, Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only
Additional Information
After Hours - After hour returns are allowed. The drop box is located outside near the main entrance to the terminal.

Hertz - Aurora Aviation
(503) 582-0345
22785 Airport Road
Aurora, OR
Hours
Mo-Fr 0730-1730, Sa-Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only
Additional Information
After Hours - After hour returns are allowed.

Enterprise Auto Rental
(503) 977-7700
360 S.W. Barbur Blvd.
Portland, OR
 
Enterprise Auto Rental
(503) 230-1212
11 E. Burnside Street
Portland, OR
 

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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