Chevrolet Lease Returns

Chevrolet Lease Returns

As your lease term draws to a close, you're faced with some important decisions. Whether you're considering upgrading to a new Chevrolet, keeping your current vehicle, or simply returning the lease, we're here to support you through the process.

Option 1: Upgrade to a New Chevrolet

When your lease ends, you have the opportunity to trade in your current vehicle and upgrade to the latest Chevrolet models. This allows for a smooth transition into a new ride.

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Benefits of Leasing Again:

  • Latest Features: Drive the newest models with the most advanced technology.
  • Reduced Maintenance Costs: Leases often include maintenance plans, saving you money.
  • Possibly Lower Payments: Depending on various factors, your new lease could have payments similar to or lower than your current ones.

Option 2: Buy Out Your Leased Vehicle

If you've grown fond of your vehicle, purchasing it at the end of the lease might be the right move.

Evaluating a Lease Buyout:

  • Vehicle Condition: Assess the condition of your vehicle for any wear or potential repairs.
  • Check Market Value: Compare the vehicle's current market value for future resale potential.
  • Financial Review: Compare the total cost of ownership, including monthly payments, interest, and depreciation, to the buyout price.

Option 3: Return the Lease

Returning it is straightforward if you're ready to part ways with your leased vehicle.

Pre-Return Inspection:

  • Scheduling: Plan a pre-return inspection a few weeks before your lease ends.
  • What Happens: A representative will inspect the vehicle for wear and tear and interior and exterior damage.
  • What to Expect: The inspector will ensure the vehicle meets the terms of your lease agreement.

Finalizing the Return and Possible Charges:

  • Bring your lease paperwork, keys, and any original accessories when returning the vehicle.
  • Mileage Fees: You may be charged a per-mile fee if you exceed the mileage limit.
  • Excessive Wear: Any damage beyond normal wear and tear could result in extra fees.
  • Disposition Fee: This fee covers the administrative costs of processing your return.

As the lease-end approaches, weigh your options carefully. Whether you upgrade to a new model, keep your current vehicle, or return it, we're here to assist.

For more information on lease return options, contact us or find the Chevrolet lease-end guide when you visit the GM website.

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