Lease End Options | Lansing MI | Near Williamston & DeWitt
Is the end of your lease approaching? If so, there are several options you can choose from that you may not know about when it comes to lease-end decisions. Of course, you can return your vehicle at the end of your lease, but if you love your car and the thought of parting ways with it is not an option for you, you also have the choice to purchase your vehicle outright.
Whatever your choice may be, you have a big decision in front of you. Below, we have decided to outline the main options that are available to you as a lessee, as well as some of the potential scenarios that may influence one option over the other.
What Do I Do at the End of My Lease?
Return the Vehicle: Once you have reviewed your options at Spartan Toyota, you may decide that returning your vehicle is the best option for you and your lifestyle. The only additional payments you may have to make involve any mileage you have accrued over your lease's maximum terms, in addition to any damages..
Keep Your Vehicle: If you have fallen in love with your vehicle over the term of your lease, and the thought of parting ways with it is no longer something you want to do, you can purchase it outright. This can be advantageous if the car has retained its value well. The only part you need to pay now is simply the part you have not paid yet.
Trade in the Vehicle: If you find that the vehicle is no longer suited for your lifestyle or budget, you have the option to trade in the vehicle for one that is a better fit. If that is something that you want to do, the deal would then work just like a standard finance deal. You would simply come to Spartan Toyota to review your options.
No matter what your situation may be, you have plenty to consider when your lease terms draw to an end. If you're interested in learning more about what your options are and how they can impact your opportunities in the future, feel free to contact us directly or stop by Spartan Toyota at 5701 S Pennsylvania, Lansing, MI 48911 for a test-drive. We look forward to serving our customers from Lansing, MI, and throughout Williamston and DeWitt.