My Lease Is Nearing Its End…What Should I Do?

Is your term about to finish and you find yourself asking, “What are my end-of-lease options?” Today, we have you covered as we’ll go over what you can do once your lease ends—and you have a few options based on how you want to drive and what you plan to do next. So, stick with us today as we cover the basics—also visit us at Lake City Chrysler Dodge Jeep RAM (CDJR) near Live Oak, FL, for all your lease needs.

I LOVED the Car I Leased…What Should I Do?

Fell in love with the car you just leased? Don’t worry—it’s only natural when you just cruised with an adventure-driven Jeep Gladiator pickup or took legendary family adventures in a Chrysler Pacifica. Thankfully, you don’t technically need to give the ride back since you can buy the cruiser you just leased. When you start a lease, you’ll see the vehicle’s residual value by the time your lease ends—and this number is all you’ll usually need to pay, which is usually less than the vehicle’s current market value which helps you score a legendary deal. Also, note that some of your end-of-car-lease negotiations could include a lease buy-out to further help you save.

Even if you didn’t plan to purchase your leased vehicle, in rare cases, you can buy your vehicle and sell it back to us, depending on the residual value, and make a profit. So, before you end a lease, always check your residual value.

I’m Ready for Something New…What Can I Do?

When you opt for a lease over a loan, you can constantly drive something new—even if you want to jump from a rugged RAM 1500 to a sporty Dodge Challenger, you’re welcome to do so. Even if you want to upgrade to a newer model year of the same vehicle, you can still start a new lease contract. Also, keep in mind this option can help you pay a lower disposition fee—so keep this in mind if you’re on the fence about starting another lease.

Your next option after your lease ends is to simply return your vehicle and do nothing more. In many cases, you’ll need to pay all your fees at once, including the disposition fees, mileage costs, and any wear and tear. But if you decide you want to purchase a new car instead of a lease, this is typically your best option.

Covering Your Lease: Start Near White Springs, FL

No need to make the end of your car’s lease a stressful time. Instead, visit us at Lake City Chrysler Dodge Jeep RAM to cover all your end-of-car-lease options with us. While you’re here, we’ll assist you in any way possible, from helping you find the best lease deals in Lake City, FL, to walking you through any parts of your term—it’s the start of how we step up for you.