You’re leasing a Mazda and your contract is reaching its end. You’ve probably got some questions on your mind, such as “what is a lease buyout?” Thankfully, if you’ve got questions about what happens when your lease term comes to an end, you’ve got a team at Manchester Mazda ready to answer them all. Hartford drivers who hit the end of their lease term have several lease-end options and we’re about to tell you all of them, so sit tight, maybe look at what your next new leased or financed vehicle could be, and read on.
Lease End Options
If you’re almost done with your current lease in Vernon, you’ll have four options you can pick from when it comes to lease-end options:
- Return your current vehicle and lease or finance a new vehicle.
- Purchase your current vehicle by buying out your lease.
- Extend your lease with a one-time extension of a few months.
- Turn in your vehicle and handle any fees that may remain.
How to Prepare for Your Lease Return
If you want to turn in your current Glastonbury vehicle, there’s several things you’ll want to do before you turn it in:
- Schedule a complimentary pre-inspection roughly 30 to 45 days before it’s time to turn in your vehicle.
- If you have excess wear on your vehicle such as holes, burns, strong odors, paint chipping, cracks in the windows, low tire treads, and the like, remedy what you can before it’s time to turn it in
- Complete your odometer statement and lease turn-in form
- Remove all your stuff and get the car thoroughly cleaned, including your personal information in the vehicle’s navigation system
- Final billing should take place 30 to 60 days after your vehicle is turned in
After you’re done with that, this is what your next steps are:
- If you’re returning your vehicle, you’re good to go. Once the fees are paid, you’re done with the process.
- If you want to start out on a new lease, you should check out our offers and see what strikes your fancy.
- If you’re wondering “what is a lease buyout?” this means you can finance your leased vehicle once the term is up. Ask us about how you can hold onto that leased car!
Got a Lease? We’ve Got a Team to Help You
Just because your lease is ending doesn’t mean you have to give up that car. If you want to discuss your lease-end options, Manchester Mazda would love to have a chat with you. Contact us today to learn more!
