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Trade Leased Car Texarkana AR

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 - Municipal Airport HLE
(870) 773-1192
309 Airport Drive
Texarkana, AR
Hours
Mo-Fr 0830-2130
Sa 1000-1700
Su 1100-2130
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., 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. Park car in Hertz area, place keys and rental record in drop slot built into the counter. Bus - Approximately 5 miles from the bus station. Railroad - Approximately 5 miles from the railroad station.

Whittle Truck Sales & Trailer Rentals & Sales
(479) 750-9410
567 S 40th St
Springdale, AR
 
Kens Signs
(479) 756-1810
2100 Powell St
Springdale, AR
 
Enterprise Auto Rental
(501) 791-9942
620 Warden Rd
Little, Rock, AR
 
Auto Rental of Jonesboro
(870) 932-0221
3901 Lindbergh Dr
Jonesboro, AR
 
Enterprise Rent A Car
(479) 872-2217
702 S Thompson St Ste B
Springdale, AR
 
Penske Truck Rental
(910) 868-4120
589 N Reilly Rd
Fayetteville, AR
 
Carolina Car Rentals
(910) 864-0004
1114 Pamalee Dr
Fayetteville, AR
 
Enterprise Rent-A-Car
(479) 648-1117
1410 Zero St
Fort Smith, AR

Data Provided by:
Hertz - Northwest Arkansas Regional Airport
(479) 205-0388
1 Airport Boulevard
Bentonville, AR
Hours
Mo-Fr 0600-2400
Sa 0800-2300
Su 0800-2400
Special Services
Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
This airport also referred to as Fayetteville Airport, however it is located in Bentonville approximately 25 miles from Fayetteville. After Hours - After hour returns are allowed. Park car in Hertz area. The drop box is located at the counter. Bus - approximately 10 miles from bus station.

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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