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Trade Leased Car Wasilla AK

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
(907) 373-2080
4535 E Greenstreet Cir # 1
Wasilla, AK

Data Provided by:
Alamo Car Rental
(907) 789-4814
1873 Shell Simmons Dr
Juneau, AK
 
National Car & Truck Rental
(907) 451-7368
4960 Dale Rd
Fairbanks, AK

Data Provided by:
Hertz - Homer Airport
(907) 235-0734
3720 FAA Road
Homer, AK
Hours
Mo-Fr 0500-2200
Sa 0600-2200
Su 0900-2200
Special Services
Child Seats, Hand Controls for Disabled Drivers Only
Additional Information
After Hours - Meets reservations if received at least 24 hour in advance. After hour returns are allowed. Park car in Hertz area, place keys and rental record in glove box and lock car.

Hertz - Dale Road
(907) 452-4444
4520 Dale Road
Fairbanks, AK
Hours
Mo-Fr 0800-1700
Sa-Su closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service

Evergreen Motors Inc
(907) 789-9300
8895 Mallard St
Juneau, AK
 
U-Haul Company
(907) 789-7098
10011 Glacier Hwy
Juneau, AK
 
Hertz - Elmendorf AFB
(907) 753-0199
Westover Avenue
Elmendorf, AK
Hours
Mo-Sa 0900-1900
Su 1000-1900
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
This location is for military personnel only.

Mendenhall Auto Center
(907) 789-1386
8725 Mallard St
Juneau, AK
 
Rent A Wreck
(907) 789-4111
2450 Industrial Blvd
Juneau, AK
 
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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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