How Does Lease Return Work?
Near the End of a Car Lease, You Have the Option to Buy It, Lease Another One, or Walk Away After Turning It In. Any Dealership of the Same Brand Will...
Near the end of a car lease, you have the option to buy it, lease another one, or walk away after turning it in. Any dealership of the same brand will determine if you've gone over the allotted miles or if the damage is beyond normal wear and tear, then bill you if needed.
What happens when you return a leased car?
For starters, when you return a car at the end of a lease you'll also have to pay what's called a disposition fee, which is a flat fee you agreed to pay at the end of the lease when you originally signed your contract. ... Your lessor may even waive fees for wear and tear if you agree to sign on to a new lease with them.
How do I prepare for a lease return?
- Don't schedule the appointment at your dealership. ...
- Repair damaged bumpers, broken windshields or bald tires. ...
- Don't sweat minor door dings, scratches and upholstery stains. ...
- Keep all the equipment.