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Trade Leased Car White Hall AR

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.

Budget Rent A Car
(870) 663-4473
5501 S Olive St
Pine Bluff, AR

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Enterprise Rent A Car
(479) 648-1117
1410 S Zero St
Fort Smith, AR
 
Enterprise Auto Rental
(501) 982-2001
526 West Main Street
Jacksonville, AR
 
Enterprise Rent A Car
(479) 872-2217
702 S Thompson St Ste B
Springdale, AR
 
Hertz - 2448 Highway 62 West HLE
(870) 424-3477
2448 Highway 62 West
Mountain Home, AR
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., 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.

Enterprise Rent-A-Car
(870) 534-7766
2217 S Olive St
Pine Bluff, AR

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Hertz - Memorial Field HLE
(501) 623-7591
525 Airport Road
Hot Springs, AR
Hours
Mo-Fr 0730-1730
Sa 0830-1230
Su Closed
Special Services
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.
Additional Information
After Hours - After hours returns are allowed 0530-2200. Park the vehicle in the parking lot. Place the keys and rental record in the drop box located at the counter. Bus - Approximately 3 1/2 miles from the bus station. Cab fare will be reimbured up to $4.00 with receipt.

Enterprise Auto Rental
(501) 376-1919
00 South Broadway
Little, Rock, AR
 
Crown Limousine
(910) 483-5135
2708 Owen Dr
Fayetteville, AR
 
Enterprise Auto Rental
(501) 227-7368
1301 West Markham
Little, Rock, AR
 
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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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