Lease Return
Lease Returns at Grubbs Family of Dealerships in Wichita Falls, TX
Is your lease term nearing its end? If so, there are a couple of boxes you'll need to check before your vehicle is ready to be handed over. First up, you'll need to check your vehicle for any damage, and schedule an on-site inspection. Carefully inspect the interior and exterior of your car - tires and wheels included, and ensure it's still in decent shape. At your on-site inspection, we'll be looking for normal wear and tear, which you are not responsible for, but also abnormal wear, which requires an additional fee. You may also be charged for any payments left on your lease if you trade in your car early, any excess mileage, and other state fees. Visit us to start your lease return near Wichita Falls today.
Now that Your Lease is Over, What are Your Options?
So you've reached the end of your lease and it's time for you to decide on your next steps. You have several different options, whether you decide to buy your leased car, trade it in for a new one, or extend your lease. Let's go over the finer points of each to help you make the decision about what to do next after your lease term is up.
Trading in Your Leased Car
If you enjoyed the flexibility of leasing your car, you might be eager to enter into a new lease agreement. When you're current contract comes to an end, trade-in your leased vehicle for a brand new model. This is a pretty straightforward transaction, much like the first time around. Be sure to research your lease options, talk to a knowledgeable finance professional and read your contract carefully so you understand and agree upon your monthly payments, responsibilities, and what to expect at lease end.
Buying a Leased Car
You typically have the option of buying a leased car at a price agreed upon between you and the dealer. This flexibility is one reason people love leases. You don't need to commit to buying your car, but you can if you decide you don't want to give it up. You also have the freedom to buy your car outright and resell it. It doesn't often happen that your car is worth more than the value placed on it by the dealership, but in the event that it's retained more value than expected, you can resell it on the private market.
Returning Your Leased Car
When your lease is up, you can simply bring it back to the dealership, and following the inspection and any additional costs that are incurred from wear and tear, excess mileage and fees, you can walk away and take your time to decide on your next steps. Ideally, the process should be stress-free and low-pressure, giving you the space you need to make the best decision for you.
Speak with a Lease Return Specialist at Grubbs Family of Dealerships in Wichita Falls, TX
The leasing specialists at Grubbs Family of Dealerships in Wichita Falls, TX know all the ins-and-outs of lease agreements. Come visit us to talk to a member of our staff and review your car lease options. Whether you're looking for a new lease, you're interested in finding out about our lease offers, or you want to buy-out your current lease, we'll sit down with you and help you understand what's available to you. If you have questions about Wichita Falls lease returns, feel free to contact us online. If you would like to meet with our leasing team, get directions to our dealerships in Wichita Falls and get the answers you're looking for in person. We look forward to helping you take the next step on your journey.