What To Do When Your Lease Ends: Here Are Your Options

February 16th, 2018 by

Leasing Vs Buying

So your lease is finally up and you aren’t quite sure what to do next. You have come to love the lower monthly payments, detailed history of your car and the hassle and stress of buying a new car, but nothing lasts forever. Most of us are in the same boat, do you pay off the rest of the car and keep it? Or do you turn in the keys and opt for a new lease? There are many different routes you can take and Acura of Fayetteville wants to help you make the right one that fits your needs best.

The first option you have is to return the vehicle to the dealer when your lease ends. Whether you have hit the mileage limit or had it for the maximum amount of time, you need to make a decision. The option to return the vehicle is one of the most popular as it is relatively pain-free unless you have damaged the car or exceeded the mileage limit. While the costs are typically minimal, you may want to explore other options if you like the car or want a different one.

If the car is in good condition and you have kept the mileage low, you may want to consider trading in the car for something newer. At the dealer’s discretion, you can turn in the keys and look for something you like more, which is always an exciting feeling. While this option is a good one, Acura of Fayetteville does have one other that we are a fan of.

You aren’t exactly ready to let go of your vehicle but also don’t want to buy new, so what do you do? How about extending the lease? This option allows you more time to figure out what direction you want to go in all the while not having to fully commit to any-one purchase.

So now that you have learned a little more about the options for you when your lease is up, come see us today at Acura of Fayetteville and let our team help you with all of your leasing questions. For more information regarding our leasing and finance offers, click here.

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