What Do I Do When My Lease Is Up?
What Do I Do When My Lease Is Up?
Leasing at Spitzer Northfield Chevrolet
When you lease a vehicle from Spitzer Northfield Chevrolet, eventually, the term will end. At the end of the term, you have a few decisions to make and a few steps to follow. If you have any questions about the return process, our financing department is happy to help so you understand exactly what to do at the end of the lease.
Benefits of Leasing
A new car lease gives you plenty of benefits, especially when it comes to low monthly payments and the new car warranty. With a new car lease, you get the joy of driving a new car every 24 or 36 months. With those new cars, you also get the benefit of having the latest technology and safety features.
What to Expect at the End of the Term
At the end of the term, GM offers three options. You can choose to return the car and buy or lease a new Chevrolet, return the car outright, or buy the car, paying a predetermined amount.
Within a few months of the end of the term, GM will contact you to share your options and give you a timeline for returning the vehicle. At this point, you can ask what the car is worth and about the latest deals. You can also talk about when to return the car to the dealership and if you want to extend your monthly contract. You can also set a date for the return.
Steps of Returning a Lease
When the time comes to return your vehicle, you bring the car back on the date you set with GM. On the scheduled day, if you return your car or truck, you drop it off and pick up your new one with a new lease agreement or with your choice of auto loans program.
If you return the vehicle, we will check it for excessive wear and tear. We will also check to see if you stayed within your mileage limits. If you are buying your car, our finance department will need to check your credit score to determine the best car loan rate and term for you. Our goal is to keep the process simple and swift, so you are not inconvenienced.
Options for Buying or Leasing a New Car
At Spitzer Northfield Chevrolet, we offer several financing options for new car purchases. Our expert finance department can share all of the financing specials through GM Financial and we offer several specials through local financial institutions.
We strive to make the car buying process stress-free through our online applications, credit score estimators, and car valuation tools. We welcome any questions you have about the leasing process, leasing companies, and financing specials.
0 comment(s) so far on What Do I Do When My Lease Is Up?