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Trade Leased Car Spanish Fork UT

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 - Provo Marriott HLE
(801) 404-0931
101 West 100 North
Provo, UT
Hours
Mo-Fr 0800-1600, 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., 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.

Hertz Corp
(801) 221-1540
656 S State St
Orem, UT
 
Enterprise Rent A Car
(801) 225-3222
1680 S State St
Orem, UT
 
Hertz Penske Truck Rental
(801) 426-0699
155 W 800 N
Orem, UT
 
Hertz Corp
(801) 431-0581
840 Industrial Park Dr
Orem, UT
 
U-Haul Company
(801) 223-9968
1042 S Geneva Rd
Orem, UT
 
Hertz - 656 South State Street HLE
(801) 434-4520
656 South State Street
Orem, UT
Hours
Mo-Fr 0730-1800, 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 , 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. Record date, time, fuel level, and mileage information on the Rental Agreement jacket. Deposit in the drop box located by the front door.

Penske Truck Rental
(801) 224-6917
155 W 800 N
Orem, UT
 
Enterprise Rent-A-Car
(801) 225-3222
1680 S State St
Orem, UT

Data Provided by:
Enterprise Rent A Car
(801) 224-2951
1000 N State St
Orem, UT
 
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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