Lease-end process

A couple of months prior your scheduled lease end date, you will receive a letter with details reviewing information to ascertain if your vehicle has excess mileage or excess wear and tear. You will also get to know about the options available at the end of the lease. These options include:

Purchasing the leased vehicle

At lease-end, you have a choice of buying your leased car. This option comes with benefits such as not liable for excess wear, use, and mileage charges.

Buy or lease a new vehicle

Depending on your preferences and choice, you may decide to lease a new car or purchase one that suit you best.

Return your leased car

If you no longer need the vehicle and opt to return it. You will have to go through a vehicle return checklist to ease your return process which includes several assessments and inspections on the condition of vehicle at lease-end.

Categories: Finance