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Trade Leased Car Springfield 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.

Enterprise Auto Rental
(417) 886-6640
220 S Campbell Ave
Springfield, MO
 
Enterprise Auto Rental
(417) 832-9470
046 W Sunshine St
Springfield, MO
 
Enterprise Auto Rental
(417) 866-0300
07 E Kearney St
Springfield, MO
 
Hertz - 4609 West McKinley HLE
(417) 869-4255
4609 West McKinley
Springfield, MO
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., 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.

Enterprise Auto Rental
(417) 485-2193
020 N 18Th St
Ozark, MO
 
Enterprise Auto Rental
(417) 862-0753
300 N. Airport Blvd Suite107
Springfield, MO
 
Hertz - Springfield Branson Airport
(417) 865-1681
2300 North Airpot Blvd
Springfield, MO
Hours
Mo-Fr 0600-2400, Sa-Su 0700-2300
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
After Hours - Meets commercial flights if reservation is received during regular business hours. Flight number required on reservation. After hour returns are allowed. Return the vehicle to the Rental Return lot, park vehicle in a Hertz space and deposit keys and packet in the return box located on the Hertz counter. Approximately 44 miles from Silver Dollar city. Approximately 60 miles from the Branson Airport.

Hertz - General Aviation
(417) 865-1681
5000 West Kearney Street
Springfield, MO
Hours
Mo-Fr 0600-2300, Sa-Su 0700-2300
Special Services
Child Seats, Hand Controls for Disabled Drivers Only

Hertz - General Rental Center HLE
(417) 597-5313
5117 South Campbell
Springfield, MO
Hours
Mo-Sa 0730-1730, 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.

Budget Rent A Car
(314) 332-1463
7638 Forsyth Blvd
St Louis, MO

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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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