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Trade Leased Car Valley AL

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 Rent-A-Car
(334) 749-6767
1220 Fox Run Ave Ste C6
Opelika, AL

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Enterprise Auto Rental
(251) 344-0730
490 Springhill Avenue
Mobile, AL
 
Hertz - Decatur Downtown HLE
(256) 353-9110
2410 Beltline Highway
Decatur, AL
Hours
Mo-Fr 0800-1700
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.
Additional Information
After Hours - After hour returns are allowed. Park car in Hertz area, place keys and rental record in drop box located in front of the building. Bus - Approximately 8 blocks from the bus station. Pickup service is available, please call upon arrival.

Enterprise Auto Rental
(334) 382-5992
07 Cedar St Ste 2
Greenville, AL
 
Enterprise Auto Rental
(334) 288-2880
437 Selma Hwy
Montgomery, AL
 
Hertz - St Clair County Airport
(205) 591-6090
240 Airport Road
Pell City, AL
Hours
0900-1700 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
This location is for Private Flights only.

Enterprise Rent-A-Car
(205) 414-9393
432 Palisades Blvd
Birmingham, AL

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Enterprise Rent-A-Car
(334) 277-4300
185 Eastern Blvd
Montgomery, AL

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Enterprise Rent-A-Car
(205) 323-4446
2319 5th Ave N
Birmingham, AL

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Enterprise Auto Rental
(334) 272-3123
025 Atlanta Hwy
Montgomery, AL
 
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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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