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Trade Leased Car Wheat Ridge CO

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.

U-Haul Company
(303) 657-1970
5295 Sheridan Blvd
Arvada, CO
 
Hertz Corp
(303) 432-3186
5595 Sheridan Blvd # A
Arvada, CO
 
Hertz - Lakewood West HLE
(303) 237-4473
11510 West Colfax Avenue
Lakewood, CO
Hours
Mo-Fr 0700-1800
Sa 0900-1300
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 , Ski Equipped Vehicles, 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
After Hours - After hours returns are allowed. Park the vehicle in the Hertz area. Place keys and rental record in the drop box, located to the right of the front door.

Penske Truck Rental
(303) 426-8086
7900 Federal Blvd
Westminster, CO
 
Area Rent - Alls
(303) 429-3589
7900 N Federal Blvd
Westminster , CO
 
U-Haul Company
(303) 422-0121
6490 W 56th Ave
Arvada, CO
 
Enterprise Auto Rental
(303) 233-7352
190 Wadsworth Blvd
Lakewood, CO
 
Hertz - Wyndham Phoenix
(602) 636-1353
50 East Adams Street
Phoenix, AZ
Hours
Mo-Fr 0700-1800
Sa 0800-1600
Su 1200-1700
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
This location is for Hotel Guests only. After Hours - After hour returns are allowed. Park the vehicle in the hotel parking garage. Leave the keys and contract with the valet or the front desk.

Dollar
(303) 427-0331
3019 W 74th Ave
Westminster, CO
 
Enterprise Auto Rental
(720) 855-7167
850 W 26Th Ave
Denver, CO
 

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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