Chevrolet Lease Returns
As your lease term ends, you're faced with several key decisions. Whether you want to move into a new Chevrolet, keep your current vehicle, or return the lease, we're ready to assist you in making the best choice.
Option 1: Upgrade to a New Chevrolet
When your lease ends, you can trade in your current vehicle and upgrade to one of the newest Chevrolet models available. This gives you a smooth transition into your next car.
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Benefits of Leasing Again:
- Latest Models: Stay current with the newest features and tech.
- Lower Maintenance Costs: Many leases come with maintenance included, reducing your expenses.
- Potentially Lower Payments: Depending on your situation, your new lease payments could be the same or even lower than your current ones.
Option 2: Purchase Your Leased Vehicle
If you've grown attached to your vehicle and want to keep it, purchasing it is a good option.
Considerations for a Buyout:
- Vehicle Condition: Inspect your vehicle's condition, looking for any needed repairs or excessive wear.
- Market Value: Research your vehicle's market value to understand its potential resale value.
- Financial Review: Compare the total cost of ownership, including monthly payments and depreciation, to the buyout price.
Option 3: Return Your Lease
Returning it is a straightforward process if you're ready to part ways with your vehicle.
Pre-Return Inspection:
- When to Schedule: Plan an inspection a few weeks before your lease term ends.
- What Happens: A representative will review your vehicle for any damage, wear, or issues.
- What to Expect: Your vehicle's condition will be evaluated against your lease terms.
Completing the Return and Any Applicable Fees:
- When returning your vehicle, don't forget to bring your lease agreement, keys, and any accessories.
- Mileage Overages: Exceeding your mileage limit may result in per-mile charges.
- Excess Wear: Damage beyond normal wear and tear could result in additional fees.
- Disposition Fee: This fee covers administrative costs associated with the vehicle return process.
As your lease expires, consider your next steps. Whether you're upgrading to a new model, keeping your current vehicle, or returning the lease, we're here to guide you.
To learn more about your lease return options, please contact us or find the Chevrolet lease-end guide on the GM website.
