What Happens After I Turn in My Lease?

End of LeaseLeasing is an exciting way to get the keys to the sedan or SUV that you want. Most lease terms only last around 24 or 36 months, though. So, what happens after I turn in my lease? To answer that for drivers in Toms River, Brick, and Freehold, NJ, Toms River Volkswagen looks at your options and what you should do before you return the car.

How to End a Lease

recommended maintenance scheduleFirst, let’s look at what you should do as the end of your lease approaches. A lease is a lot like a long-term rental, so the car will likely be on the dealership lot again after your term is up. That’s why it’s important to know the terms of your lease agreement. The best way to end your lease is by following the lease terms while you still have the car.

For example, many lease agreements include mileage limits on them. If you go over the number of miles, you may be charged a fee when you bring your vehicle back. Along the same lines, it’s important to keep everything in good condition. When you bring the car back, it’ll need to be inspected. If there are any service problems, dents, or scrapes, you could be charged for those.

To make sure the car you’ve been leasing is as good as new, you should stick to your recommended maintenance schedule. Bring the car in for service before you return it to make sure everything is running smoothly. If you want it to look good as new, have the car washed or detailed before your lease ends, too.

End of Lease Options

Once you’ve gotten your car in top shape, it’s time to return it to the dealership. One of the great things about leasing is that you’ll have the opportunity to choose what you want to do next. The end of your lease gives you the chance to choose between the following three options:

  • Return the Vehicle
  • Buy the Car
  • Sign Another Lease

VW Jetta LeaseIf you want to return the vehicle and walk away, that’s okay. If you’ve grown attached to the car, you could choose to buy it. Our financing team will work with you to switch you over from a lease deal to an auto loan and work out a financing plan with you.

Many drivers choose to lease another car right away, though. It’s an easy way to essentially upgrade to a new car every couple of years. For example, if you’ve been leasing a VW Jetta, you could continue to lease the same model, and always end up behind the wheel of something that looks as good as new.

Continuing to lease also gives you options. You could choose a different trim level next time or add some features that weren’t available at the beginning of your last lease. Leasing also lets you adapt to your lifestyle. If your family has grown over the last 36 months, you could choose to lease an SUV like the VW Tiguan instead.

Learn More About Volkswagen Leasing

If you have any questions about what happens after you turn in your lease, visit us at Toms River VW. We’re excited to answer all your questions and help you every step of the way. We also offer VW lease deals to help drivers in Toms River, Brick, and Freehold, NJ, get a good rate. Check them out online or contact us to learn more about Volkswagen leasing.

 

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