Lease End Options | York PA | Near Hanover, Lancaster and Elizabethtown
It may seem like just yesterday you were signing your papers and driving off in your newly leased vehicle, but the time has flown by and your lease is coming to a close. You may be wondering what options you have at this point. It’s important to know that you can do more than just return the vehicle when your lease is up.
If you’re interested in learning more about your options when your lease end arrives, check out the information below. Depending on your particular situation and personal wants and needs, there may be an option that works best for you. And, as always, feel free to reach out to us if you have any questions.
What Do I Do at
the End of My Lease?
Return the Vehicle
After reviewing your options at Toyota of York, you may choose to return your vehicle because it’s beneficial to your wallet. The only additional payments you may have to make involve any mileage you’ve accrued over your lease’s maximum terms, as well as any damages, but only if this works for YOU.
Keep the Vehicle
If you’ve grown fond of your vehicle over the term of your lease, you absolutely have the option to purchase it outright. This can be advantageous if the car has retained its value well. The only part you need to pay now is simply the part you have not paid yet!
Trade in the Vehicle
Life has a funny way of changing our vehicle needs so you may decide to get a different vehicle at any point during the lease term. If you choose to trade in your currently leased vehicle, the deal would then work just like a standard finance deal. You would simply come to Toyota of York to review your options. By doing this, your mileage will not be penalized.