WHAT TO DO WHEN YOUR LEASE ENDS

For drivers that want to always be behind the wheel of the latest Lexus vehicles, leasing is often a better option than purchasing. When you lease, you can seamlessly return your vehicle to our LEXUS DEALERS NEAR MIAMI and drive off in a new Lexus car of your choice. Leasing also gives you lower monthly payments and less maintenance to worry about, but some drivers have questions about the lease-end procedure. Our friendly dealers are here to help you through every step of the leasing process.

First, you should know that you have three routes that you can take when your lease ends. The first one is to walk away from the lease. If you choose this option, you’ll be responsible for a disposition fee, applicable mileage charges, and any wear and tear charges. The second option is to trade your leased vehicle and drive off in a NEW LEXUS vehicle. If you choose this route, you can trade it in for any make and model that you choose, and you avoid the disposition fee, mileage charges, and wear and tear. Finally, you can purchase the leased vehicle for its residual value. If you’re not sure what your residual value is, it’s typically located on the lease contract.

Now that you know what your options are, you should begin to think about what you want to do 90 days before the lease ends. Around this time, you’ll receive a notice about a vehicle inspection. During the inspection, the inspector will check the vehicle for exterior wear and tear, cracks in the windshield, excessive wear to the tires, and tears on the upholstery that can’t be repaired with normal refurbishing.

If you have additional questions about returning a leased Lexus car, talk to a dealer at our dealership.