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As your current lease draws towards a close, chances are you may wonder about the next steps for you as well as your vehicle. The end of a lease term requires that you have your vehicle inspected and returned to any Chevrolet dealership, but depending on how you want to complete the process, there could be more to it than that. You have three basic choices for ending your lease: You can buyout your lease, you are able to return your lease, or you can return your lease and select another vehicle. Explore several of our FAQs to answer any concerns you may have concerning the end of your lease.
When you’d like to turn in your lease, your vehicle needs to be inspected by an authorized agent. Once this has been done, handing over your lease will simply require that you complete some paperwork about the vehicle.
You can actually return your leased Chevrolet vehicle to any General Motors Dealer, regardless of where you leased it from originally.
Opting to buyout your lease could be a great choice based on your circumstances. You should compare with your other lease-end possibilities to make sure that you are making the best choice. Typically, the end-of-lease buyout price will just be any residual value on your lease contract; it’s up to you to choose whether the residual value is a fair price that you can pay. It’s important to consider whether or not you would pay that price for a different used car of precisely the same mileage and equipment. If you are undecided about the way to answer this, go ahead and give us a call any time at (877) 626-2496 to talk with a leasing specialist.
If you’d like to end your lease before its scheduled termination, you’re able to buyout your lease anytime, or you can actually trade-in your car whenever you want. If you want to turn your vehicle in early, you will only be responsible for any remaining payments on your lease*.
It’s recommended that you have your car or truck inspected within the last two months of your lease. This will make sure that you have sufficient time to schedule repairs on the vehicle, should there be any required maintenance. The inspection of the car should take approximately one hour, unless there’s an excess quantity of problems with your vehicle.
Only authorized agents can perform end-of-lease inspections, but if you can return your vehicle to Gordon Chevrolet at the conclusion of your lease, we will contact an authorized agent who will perform the inspection.
While it’s not a necessity that you be present for the inspection of your vehicle, we do strongly suggest it. If you are at the vehicle inspection, you are able to better understand the assessment results, along with any charges that might apply. In addition to this, you will need to sign off on the vehicle report that the inspector produces and get a copy of the report at that time.
Still, have questions? Call us at 734-237-7162, contact us online, or come see us in person to understand more about the end of your lease.
As your Detroit area dealer, we are proud to serve Livonia, Dearborn, Taylor, Canton, and beyond. We look forward to seeing you here at Gordon Chevrolet and helping you will all of your auto leasing needs.