If the lease on your car is ending, you have some options available to you. You could purchase your car, or turn it in and walk away. In case of turning in your car, you will want to be sure that it is not damaged and has been looked at by our team to assess any potential repairs. The lease indicates that you are covered for certain wear and tear issues. You can return your car by paying the remaining fees, if applicable.
Once the lease has ended you can still look for a new car. When searching for a new car to lease, you can take the option of keeping your old car. You will want to pay careful attention to your lease contract and the prices that are being paid for each vehicle you are interested in. When you are looking at buy-out prices, you should know what the market value of the vehicle is as well.
Contact our financing team once your lease is about to end so you can see what options you have to move forward with.
