Leasing a vehicle can be complicated. However, our team is here to help you enjoy a convenient lease-return process. We serve Big Rapids and beyond by helping drivers explore their options and find the best one for their lifestyles and budgets. Choosing our dealership when returning your leased vehicle is an excellent way to save time and money.
When you arrive at our dealership to return your leased vehicle near Harrison, MI, you will have three options. The best option for you depends on your lifestyle, budget, and preference. These options include:
When it is four months before the end of your lease, we recommend you familiarize yourself with your lease agreement. By noting the residual or lease-end value, you can determine if selling or returning your vehicle is the best option.
Starting three months before the end of your lease will help you save time later and reduce your stress. At this milestone, you can ask yourself what type of vehicle will serve you best for the next three to four years. While your leased car may meet your needs now, you may consider if you will have a longer commute around Traverse City or plan to expand your family in the future.
We recommend drivers schedule inspections for their leased vehicles at the two-month mark. Inspecting your vehicle isn't a large time commitment since it can take as little as 45 minutes to complete. We recommend bringing everything that came with the vehicle, including extra key fobs or floor mats, to ensure you receive the highest value in your condition report.
With the condition report and an estimate of costs from the inspector, you will have even more tools and information to help you enjoy a convenient lease-return experience.
At just one month before your lease ends, it's time to schedule a time to bring in your vehicle for the final steps. You can contact our dealership to find a convenient time to return your vehicle. Include your current mileage, end-of-term payment, and inspection information when bringing in your car. Even if you leased your vehicle from another dealership, you can still return it at our location.
If you have questions about returning your leased vehicle, our team is here to help. Contact us today to learn more.Â
Yes, however, it comes with an early termination fee. You will need to contact your finance company for a termination quote. This amount is often 50 percent of the total remaining rentals left. If you only have a few months left in your term, you may want to consider staying with it until looking for your next vehicle around Cadillac, MI.
Big Rapids drivers can expect two types of charges: disposal, wear-and-tear, and mileage-based charges. If you drive over the agreed-upon annual miles, you can expect to pay fees for the miles driven over the mileage cap. Keeping your vehicle in good condition will help you avoid or minimize wear-and-tear fees.
Some of the types of wear and tear that drivers around Harrison, MI, should avoid include:
When you buy out a lease, it's called a purchase option, letting Traverse City drivers purchase their vehicles at the end of a lease instead of returning them. Not all leases allow this, so familiarize yourself with your lease agreement to see if it's a good option for you.
When your vehicle is worth more than the residual value, you have lease equity. Houghton Lake drivers with lease equity can apply it to their next vehicle for additional savings.
Four possible options are available at the end of your lease: return the car, buy it, lease another car, or extend your lease.
You can return your vehicle with us even if you have leased it from elsewhere.Â