You’ve Got Options Once Your Lease Is Up

One of the only drawbacks to leasing a vehicle is that your lease eventually comes to an end. When that time comes, you have some options that you can discuss with our auto finance department. We here at Washington Chrysler Dodge Jeep Ram want people to be informed about lease-end options ahead of time.

Your first option is to turn in your car. Once your lease is up, you have fulfilled your obligations and can return the car. As long as it is in good shape and the mileage is under the limit, you won't owe anything. You can also opt to buy your leased car. You can buy the car you've been leasing for whatever the residual amount is in your contract. A third option is to buy or lease another car. The end of your lease presents an option to buy or lease a new vehicle. If you need additional time to make a decision, you may be able to extend your lease. Some lease contracts allow you to extend the lease on a short-term basis.

When your lease is up, come to our dealership in Washington, NC to explore your options!

Categories: Finance
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