Chevrolet Lease Returns
As your lease term comes to an end, you're faced with some important decisions. Whether you're considering upgrading to a new Chevrolet, keeping your current vehicle, or just returning the lease, we're here to assist you every step.
Option 1: Trade-in for a New Chevrolet
Once your lease expires, you have the chance to upgrade to the latest models. You can easily transition into a new vehicle by trading in your current leased car.
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Benefits of Leasing Again:
- Stay Up-to-Date: Drive the newest models featuring cutting-edge technology.
- Lower Maintenance Costs: Many lease deals include maintenance plans, minimizing out-of-pocket costs.
- Possible Lower Payments: Depending on different factors, your monthly lease payments might be comparable or even lower than your current ones.
Option 2: Buying Your Leased Vehicle
If you've grown fond of your leased vehicle, you have the option to purchase it outright.
Considerations for a Buyout:
- Vehicle Condition: Examine your car for any wear, tear, or repairs it may need.
- Market Value: Look up the current market value of your vehicle to see its potential future resale value.
- Financial Factors: Weigh the total ownership costs, including monthly payments, interest, and depreciation, against the buyout price.
Option 3: Lease Return
The return process is simple if you're ready to move on from your leased vehicle.
Pre-Return Inspection:
- Schedule: Plan a pre-return inspection a few weeks before your lease ends.
- Process: A representative will review your vehicle for wear and tear and exterior and interior condition.
- Inspection Details: The vehicle will be checked for compliance with the lease terms.
Finalizing Your Lease Return and Potential Fees:
- When returning the vehicle, bring your lease agreement, vehicle keys, owner's manual, and all included accessories.
- Mileage Overages: You may incur additional fees if you exceed the mileage limit.
- Wear and Tear: Any damages beyond standard wear may incur extra charges.
- Disposition Fee: This fee covers the cost of processing the returned vehicle.
As the end of your lease approaches, take time to evaluate your options. Whether you're interested in leasing a new vehicle, keeping your current car, or simply returning your lease, we're here to help.
For more information about your lease return options, please contact us or find the Chevrolet lease-end guide when you visit the GM website.
