Utilizing a vehicle lease is a great opportunity when you need a new vehicle. Not only does this option provide you with a new model every few years, but you can also save a lot of money on special interest rates and lease deals. When the end of a car lease is approaching, you have a few different options available to you.
1. Returning Your Vehicle
If you're ready to return your vehicle and walk away from the lease program, then this is completely fine. You'll need to finalize the lease agreement and return the vehicle to the dealership you got it from within the parameters listed on your agreement.
2. Extending Your Lease
If you would like to extend your lease, you have the option of doing so for the time being. A staff member can talk to you about what to expect moving forward regarding payments and such.
3. Purchasing Your Vehicle
Sometimes, people fall in love with their leased vehicle. If you've decided that this is the vehicle for you and don't want to give it up, you can choose to purchase it outright.
4. Scheduling a Trade-In
After your lease agreement is up, you can schedule a time to come in and trade-in
your vehicle. You can pick out a new vehicle at this point, and we'll have you negotiate and sign a new agreement.
You will be notified when the end of your lease is approaching, and you can spend some time figuring out what you want to do moving forward. If you're not sure what your next step should be, this is where a lease extension may be beneficial. If you are interested in learning more about the different lease options available, contact us
at your convenience. We can also talk to you about the demos and loaners
that we have available if you're unsure what kind of vehicle you're looking for, so reach out to us to find out more.