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Trade Leased Car Terre Haute IN

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.

Budget Rent A Car
(812) 238-9963
2629 S 3rd St
Terre Haute, IN

Data Provided by:
Enterprise Auto Rental
(317) 259-0000
601 N Keystone Ave
Indianapolis, IN
 
Budget Rent A Car
(317) 770-9090
1950 Conner St
Noblesville, IN

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Enterprise Auto Rental
(317) 635-4340
07 S. Capitol Avenue
Indianapolis, IN
 
Hertz - Indianapolis International Airport
(317) 405-6363
7801 Colonel H Weir Cook Memorial Drive
Indianapolis, IN
Hours
0400-0130 7 Days
Special Services
Child Seats, Gold Canopy , Hand Controls for Disabled Drivers Only In-Car Navigation System

Hertz - 2919 South 3rd Place HLE
(812) 232-3762
2919 South 3rd Place
Terre Haute, IN
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., 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. Pick up time must be at least one hour after location opening and one hour prior to location closing.

Enterprise Rent A Car
(317) 841-1826
9031 Technology Dr
Fishers, IN
 
U-Haul Company
(219) 844-7149
6331 Indianapolis Blvd
Hammond, IN
 
National Car Rental
(812) 339-3443
1616 South Walnut
Bloomington, IN
 
Budget Truck Rental
(812) 336-1181
912 S Walnut St
Bloomington, IN
 
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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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