If your Chevy lease is coming to an end, now is the time to think about what to do. Because this is a big decision, you don’t want to wait until the last minute to make it.
Here we discuss your four options.
1. Turn It In
If you just needed a car for a short period of time, once your lease is up, all you have to do is turn in the vehicle. If there are any fees – like going over the yearly mileage limit – you would need to pay these when you turn in the car.
2. Keep Leasing It
If you like your vehicle and don’t want to change your current setup, you can sign a new lease agreement and hold on to it for a while longer.
3. Lease Something Different
If you want to keep leasing a car, you may want to think about going with a newer version of the model you’re driving. Or, perhaps you want to try out a different one or maybe another type of body style.
4. Buy It
While leasing is generally less expensive than financing, you’ll never own a leased vehicle. If you would rather be an owner, when your lease ends, you could either pay for the car outright or take out a loan and then make monthly payments to pay it off.
Phelps Chevrolet Can Help You Make the Best Decision with Your Lease
If you’re not sure what to do now that your lease is ending, get in touch with Phelps Chevrolet in Greenville, NC. We can help you figure out which course of action is best for you. We can also let you know about our current lease offers.
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