Chevrolet Lease Returns
With your lease coming to an end, you're faced with some key decisions. Whether you're looking to upgrade to a new Chevrolet, hold onto your current vehicle, or simply return the lease, we're ready to guide you through the process.
Option 1: Trade-In for a New Chevrolet
As your lease expires, you have the chance to upgrade to the latest models. You can easily switch to a new ride by trading in your current leased vehicle.
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Advantages of Leasing Again:
- Always Up to Date: Drive the latest models with cutting-edge technology.
- Maintenance Plans: Many leases include maintenance, reducing your out-of-pocket costs.
- Lower Payments: Depending on the deal, your payments may be similar or lower than your current ones.
Option 2: Buy Your Leased Vehicle
If you've come to love your current vehicle, buying it outright is a great option.
Things to Consider:
- Condition: Review your vehicle's condition and any potential repair costs.
- Market Value: Compare the market value of your vehicle to its future resale potential.
- Financial Analysis: Assess ownership costs versus the buyout price, including payments, interest, and depreciation.
Option 3: Return Your Leased Vehicle
If you're ready to move on, returning your vehicle is simple.
Pre-Return Inspection:
- Schedule: Plan your pre-return inspection a few weeks ahead of your lease-end.
- Process: A representative will inspect for wear and interior and exterior damage.
- Inspection Overview: The vehicle will be checked against the terms of your lease agreement.
Finishing the Return Process and Potential Fees:
- Return your vehicle with your lease agreement, keys, and any accessories.
- Mileage: You may incur additional charges if you've exceeded the limit.
- Wear and Tear: Excessive damage could lead to extra fees.
- Disposition Fee: This covers the cost of processing your returned vehicle.
As your lease ends, think about your options. Whether you're upgrading to a new model, keeping your current one, or simply returning the lease, we're here to help.
For more details on lease return options, contact us or find the Chevrolet lease-end guide when you visit the GM website.
