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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

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Enterprise Rent-A-Car
(317) 272-7720
8100 E Us Highway 36
Avon, IN

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Enterprise Rent-A-Car
(765) 474-0858
3107 Builder Dr
Lafayette, IN

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Enterprise Auto Rental
(317) 635-4340
07 S. Capitol Avenue
Indianapolis, IN
 
Hertz Corp
(219) 937-9125
4141 Calumet Ave
Hammond, IN
 
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.

Budget Rent A Car
(574) 287-2333
23134 Us Highway 20
South Bend, IN

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Rent A Wreck
(219) 554-1695
7305 Kennedy Ave
Hammond, IN
 
Budget Rent A Car
(317) 635-4277
301 N Illinois St
Indianapolis, IN

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Hertz - Lafayette Aviation
(765) 447-4038
7 Purdue University Airport
West Lafayette, IN
Hours
Mo-Fr 0800-1800
Sa 0900-1300
Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
This location is for Private Flights only.

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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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