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Trade Leased Car West Fargo ND

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 - 4000 South Main Avenue HLE
(701) 282-8626
4000 South Main Avenue
Fargo, ND
Hours
Mo-Th 0730-1900, Fr 0730-1800, Sa 0900-1400, 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
(701) 492-9595
453 West Main Ave
Fargo, ND
 
Enterprise Auto Rental
(701) 451-9560
801 32Nd Ave Nw
Fargo, ND
 
Hertz - South Fargo HLE
(701) 866-5920
3302 36th Street Southwest
Fargo, ND
Hours
Mo-Fr 0730-1700, 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., 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 inside the Luther Family Ford dealership. After Hours - After hour returns are allowed. Place keys and rental record in the drop box located near the front door.

Hertz - 4000 South Main Avenue HLE
(701) 282-8626
4000 South Main Avenue
Fargo, ND
Hours
Mo-Th 0730-1900, Fr 0730-1800, Sa 0900-1400, 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
(701) 277-8349
01 38Th St Sw
Fargo, ND
 
Hertz - Hector Airport
(701) 365-0878
2801 32nd Avenue N.W.
Fargo, ND
Hours
Mo-Fr 0700-2400, Sa-Su 0900-2400
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
After Hours - After hours returns are allowed. Park the vehicle in the Hertz area, then place the keys and rental agreement in the drop box, located at the Hertz counter.

Hertz - Fargo Jet Center Inc
(701) 235-3600
3802 20th Street North
Fargo, ND
Hours
24 Hours 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only
Additional Information
This location is for Private Flights only.

Enterprise Auto Rental
(701) 451-9560
801 32Nd Ave Nw
Fargo, ND
 
Hertz - Hector Airport
(701) 365-0878
2801 32nd Avenue N.W.
Fargo, ND
Hours
Mo-Fr 0700-2400, Sa-Su 0900-2400
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
After Hours - After hours returns are allowed. Park the vehicle in the Hertz area, then place the keys and rental agreement in the drop box, located at the Hertz counter.

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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