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Trade Leased Car Topeka KS

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 - 2861 South Kansas Avenue HLE
(785) 267-4468
2861 South Kansas Avenue
Topeka, KS
Hours
Mo-Fr 0730-1730
Sa 0800-1300
Su Closed
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., 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
Pick up time must be at least one hour after location opening and one hour prior to location closing.

Enterprise Auto Rental
(785) 233-0200
00 Sw Van Buren St
Topeka, KS
 
Hertz - Kansas Air Center
(785) 267-4468
3600 Northeast Sardou Avenue
Topeka, KS
Hours
Mo-Fr 0800-1730
Sa-Su Closed
Special Services
Hand Controls for Disabled Drivers Only
Additional Information
This location is for Private Flights only. After Hours - Meets reservations Saturdays 0800-1300 and Sundays 0900-1600.

Building Erection Services Co LLC
(913) 764-5560
15585 S Keeler St
Olathe, KS
 
4-Wheels & A Motor
(913) 397-0400
1919 E Spruce St
Olathe, KS
 
Enterprise Auto Rental
(785) 233-0200
33 Sw Topeka Blvd
Topeka, KS
 
Enterprise Auto Rental
(785) 267-0550
13 S.W. Croix
Topeka, KS
 
Hertz - Million Air
(785) 267-4468
Forbes Field
Topeka, KS
Hours
0600-2200 7 Days
Special Services
Hand Controls for Disabled Drivers Only

Hertz - Million Air
(785) 267-4468
Forbes Field
Topeka, KS
Hours
0600-2200 7 Days
Special Services
Hand Controls for Disabled Drivers Only

Louisburg Ford Sales Inc
(913) 837-5333
111 Fairlane Dr
Louisburg, KS
 

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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