Chrysler, Jeep, Dodge, and RAM Lease Returns
As your lease comes to a close, you'll have several important choices to make. Whether you're looking to step into a new Chrysler, Jeep, Dodge, or RAM, keep your current vehicle, or just return your lease, we're here to assist you every step of the way.
Option 1: Trade-in For a New Vehicle
At the end of your lease, you have the chance to upgrade to the latest models available. Trading in your current lease allows for a smooth transition into a brand-new vehicle.
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Advantages of Leasing Again:
- Access to Newest Models: Always drive the latest vehicles with up-to-date technology and features.
- Lower Maintenance Costs: Lease contracts often include maintenance plans, minimizing out-of-pocket repair costs.
- Possibly Lower Monthly Payments: Depending on certain factors, your monthly lease payments for a new vehicle could be the same or even lower than your current payments.
Option 2: Buying Out Your Lease
If you've become fond of your leased vehicle and would like to keep it, purchasing the vehicle at the end of the lease is a great option.
Is a Buyout the Right Choice for You?
- Condition Check: Assess your vehicle's current condition, including wear and tear, mileage, and any possible repairs.
- Market Value Assessment: Research the market value to get an idea of its potential resale value in the future.
- Financial Considerations: Review the full cost of ownership, including monthly payments, interest, and depreciation, against the buyout price.
Option 3: Returning Your Lease
Returning it is a simple and straightforward process if you're ready to move on from your leased vehicle.
Pre-Return Inspection:
- When to Schedule: Schedule your pre-return inspection a few weeks before your lease ends.
- Inspection Process: A representative will check the vehicle for wear and tear, interior issues, and any exterior damage.
- What to Expect: The vehicle's condition will be compared to the terms set out in your lease agreement.
Finalizing the Return and Potential Charges:
- When you return your leased vehicle, be sure to bring the original lease agreement, all keys, the owner's manual, maintenance records, and any accessories that came with the vehicle.
- Mileage Overages: Exceeding the mileage limit will result in a per-mile fee.
- Excessive Wear and Tear: Any significant damage, such as dents or interior stains, may incur additional charges.
- Disposition Fee: This fee covers the cost of processing the returned vehicle.
As your lease draws to a close, it's the perfect time to review your options. Whether you want to upgrade to a new vehicle, keep the one you've grown attached to, or simply return it, we're here to make the process easy and hassle-free.
For more information on lease return options, feel free to contact us.
