They say that all good things must come to an end. This is even true of your Chevy lease. If this is your first lease, you are likely to have questions about the return process and available options. Phelps Chevrolet is here to guide you through the end of the lease, just as we helped you at lease initiation.
How Does the Lease Return Process Work?
When your lease is up, you just have to bring your car back to the dealership. We will inspect the vehicle to evaluate its condition. It’s a good idea to schedule your inspection at least 30 days before the lease ends. This will let you address any excess wear and tear rather than being penalized and ensure you’re financially prepared for any applicable mileage penalties.
What if I Want to Keep Leasing the Car?
You may not be ready to return your vehicle yet for any number of reasons—finances, indecision, a pending life change—so contact the dealership. In some circumstances, the lease can be extended, while in others, a new short-term lease can be negotiated. Of course, you can also lease a newer version of the same vehicle if you like it and decide you’d enjoy newer tech features.
Can I Buy My Car?
Finally, if you really love your car, why not keep it? Here again, you’ll want to contact the dealership and fill them in on the situation. Some lessees will choose to pay the agreed-upon buyout price in full, but most will trade their lease for an auto loan. In either case, we will assist you in navigating the process and paperwork.
Get All of Your Lease Questions Answered in Greenville, NC
If you have leasing questions that aren’t addressed here, contact Phelps Chevrolet. We will help you make good decisions with your car with a focus on meeting your needs and budget.
