Be Prepared, Not Scared At Lease-End

Your lease is about to expire on your vehicle and you are not sure what to do next. This is a fairly common experience for those who regularly lease vehicles. What can you do? The answer is that you have three basic options in most cases.

Leave the rental behind if you have another vehicle accessible to you. You will pay for the mileage and any damage to the vehicle, but then you can leave it behind. You can choose to lease yet another vehicle from the same dealer if you wish, and they can likely roll any charges from the first one into the payments for the second one.

Finally, you are always allowed to purchase the vehicle for the value that it has now if you want to do so. Some people prefer to do this if they have had the chance to build up some funds to do so if they like what they have been driving.

 

Categories: Finance
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