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Trade Leased Car Silver City 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.

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

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

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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 Auto Rental
(505) 343-1778
522 2Nd St Nw
Albuquerque, NM
 
Hertz - Four Corners Regional Airport
(505) 327-6093
1300 West Navajo Street
Farmington, NM
Hours
Mo-Fr 0700-2000, Sa 0800-1500, Su 1000-2000
Special Services
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 hours returns are allowed Monday through Friday 0500-0700, Saturday 0600-0800, Sunday 1000-1200. Park the vehicle in the Hertz area. Place the keys and rental record in the drop box located at the counter.

Enterprise Auto Rental
(505) 922-1440
300 Coors Nw
Albuquerque, NM
 
Enterprise Rent A Car
(575) 523-5351
2285 E Lohman Ave
Las Cruces, NM
 
Enterprise Auto Rental
(505) 986-1414
611 St. Michael'S Drive
Santa, Fe, NM
 
Hertz - Ramada Palms Inn HLE
(575) 521-4807
201 East University
Las Cruces, NM
Hours
Mo-Fr 0700-1800, 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 , Ski Equipped Vehicles, 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 - San Mateo HLE
(505) 856-6373
6300 San Mateo NE
Albuquerque, NM
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.

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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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