Understanding what happens at the end of your car lease term is essential for effective financial planning and decision-making.

Q: What are my options at the end of my car lease?

• Option 1: Return the car
• Option 2: Purchase the car
• Option 3: Extend the lease

Q: What happens if I return the car?

Returning the car typically involves a vehicle inspection and a mileage check. If the vehicle is in good condition and within the mileage limits, you can simply hand over the keys and settle any final payments.

Q: Are there fees for returning the car?

Yes, you may incur various fees:

• Excess mileage charges
• Wear and tear fees
• Disposition fee

Q: What is a disposition fee?

The disposition fee is a charge that covers the cost of inspecting and preparing the car for resale after it’s returned.

Q: What should I do if I want to purchase the car?

If you decide to buy the car, you will need to pay the pre-determined purchase option price outlined in your lease agreement. Financing options may be available.

Q: Can I extend my lease?

Yes, some lease agreements allow you to extend your lease, usually under the same terms. Contact your leasing company to discuss your options.

Vehicle Return Process:

Key Considerations:

• Always keep track of your mileage and the car’s condition during the lease.
• Understand the financial implications of each option available to you.
• Check your lease agreement for any specific instructions or terms concerning the end of the lease.

Mind Map: End of Lease Options

• End of Lease
• Return Car
• Buy Car
• Extend Lease
• Consider Financial Implications
• Fees
• Mileage Limits
• Condition of Vehicle

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