Chevrolet Lease Returns

Chevrolet Lease Returns

As your lease term comes to an end, you'll need to make a few key decisions. Whether you're interested in upgrading to a new Chevrolet, keeping your current vehicle, or simply returning the lease, we're ready to help you explore your options.

Option 1: Upgrade to a New Chevrolet

When your lease ends, you have the chance to trade in your vehicle for one of the latest Chevrolet models. It's a smooth way to transition into a new car.

Advantages of Leasing Again:

• Access to New Technology: Enjoy driving the latest models with advanced features.
• Reduced Maintenance: Many leases include maintenance plans, cutting down your out-of-pocket costs.
• Potentially Lower Payments: Depending on different factors, your new lease payments could be comparable or lower than your current ones.

Option 2: Purchasing Your Leased Vehicle

Buying it outright could be the perfect choice if you've developed an attachment to your leased vehicle.

Considerations for Buying Out Your Lease:

• Vehicle Condition: Review the vehicle's condition and assess any potential repair costs.
• Market Value: Compare your vehicle's market value to its potential resale price.
• Financial Considerations: Analyze the total cost of ownership, including monthly payments, interest, and depreciation, against the buyout price.

Option 3: Return Your Leased Vehicle

Returning your lease is a simple process if you're ready to move on.

Pre-Return Inspection:

• Schedule: Book your inspection a few weeks before your lease ends.
• Process: A representative will inspect your vehicle for excess wear, interior damage, and exterior scratches.
• What Happens: The inspector will assess the condition of your vehicle according to your lease agreement.

Finalizing the Return and Potential Fees:

• Bring your lease agreement, keys, and any accessories when returning the vehicle.
• Mileage Overages: Additional fees may apply if you exceed the agreed-upon mileage limit.
• Excess Wear and Tear: Damage beyond normal wear could incur extra charges.
• Disposition Fee: This fee helps cover the administrative costs of processing the vehicle return.

As your lease expires, take time to evaluate your options. Whether you choose to upgrade to a new Chevrolet, buy your current vehicle, or return the lease, we're here to assist.

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