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Trade Leased Car Waynesboro VA

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 - Shenandoah Valley Airport
(540) 234-9411
93 Aviation Circle
Weyers Cave, VA
Hours
Mo-Fr 0800-1900, Sa 0800-1400, Su 1300-1900
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Gold Counter Service
Additional Information
After Hours - After hour returns are allowed. Note date, time, mileage, and fuel on the rental jacket, lock the car and place the keys and rental jacket in the drop box located at the terminal entrance.

Hertz - Norfolk Naval HLE
(757) 489-1780
8225 Patrol Road
Norfolk, VA
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. In-Car Navigation System , 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
Located on a military installation. Access to the military installation is required. Pickup and return service is only available within the installation. Pick up time must be at least one hour after location opening and one hour prior to location closing.

Hertz - Virginia Aviation
(434) 237-6284
970 Airport Road
Lynchburg, VA
Hours
Mo-Fr 0700-2400, Sa 0900-1500, Su 1000-2400
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Gold Counter Service
Additional Information
This location is for Private Flights only.

Hertz - 404 East Main Street
(540) 745-5880
404 East Main Street
Floyd, VA
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.

Enterprise Auto Rental
(757) 431-1791
41 Spruce St
Virginia, Beach, VA
 
U-Haul Company
(757) 838-1393
1023 W Mercury Blvd
Hampton, VA
 
Enterprise Auto Rental
(757) 855-1329
200 Norview Ave.
Norfolk, VA
 
Hertz - Richmond Marriott
(804) 222-7228
500 East Broad Street
Richmond, VA
Hours
Mo-Fr 0600-2300, Sa 0700-2300, Su 0600-2400
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System
Additional Information
This location is for Hotel Guests only.

Hertz - Virginia Beach HLE
(757) 463-4560
3205 Virginia Beach Blvd.
Virginia Beach, VA
Hours
Mo-Fr 0730-1800, 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. In-Car Navigation System , 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
Pick up time must be at least one hour after location opening and one hour prior to location closing.

Enterprise Rent-A-Car
(703) 754-6505
7486 Limestone Dr
Gainesville, VA

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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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