Are You Approaching the End of Your Lease?

After you’ve gotten accustomed to driving the car of your dreams, you suddenly receive a notification from the dealership that your lease is coming to an end; how do you proceed from here? Well, you actually have quite a few options.

END OF LEASE OPTIONS

Fortunately, your dealership will provide you with some advance notice, typically 45 to 60 days, before your lease officially ends; during this time you will want to consider the following:

  • Purchasing the car.
  • Returning the car and absolving yourself of any further obligations.
  • Trading in your leased vehicle for your next dream car.
  • Re-leasing the vehicle as a used vehicle, which may lower your monthly payment.
  • Extending your current lease.

There are several things to consider; therefore, we at Morong Falmouth Mazda encourage you to speak with our friendly finance team, who can help you make an informed decision.

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