Is your lease about to come to an end? Then check out our lease return FAQs! The team at Way Scarff Ford Auburn will answer the most frequent questions we get about what to do when your lease comes to a close. If you still have questions after reading through our FAQs, reach out to our dealership near Auburn, Federal Way, and Kent, WA!
What Are My Options When It's Time to Renew My Lease?
When your lease ends, you'll have three options:
- Purchase or lease another vehicle from our inventory
- Purchase your leased vehicle
- Return your vehicle
If you need any guidance on which option fits your needs best, our team is here to help, so stop by or give us a call!
How Do I Purchase My Leased Vehicle?
If you decide to purchase your vehicle, then our finance center can help. Contact our team at any time during the last three months of your lease and they'll help you work out a plan that fits your needs. Also, take a look at your lease agreement to see the expected value of your vehicle at your lease's end. This can help you plan your purchase ahead of time.
Can I End My Lease Early?
While it's not encouraged, you can end your lease early if you decide it's the best option for you. Your lease agreement likely includes instructions for how to end your lease early, but the team at our dealership can also help you with this process.
Can I Transfer My Lease?
Often, drivers who choose to end their lease early will consider transferring their lease. This means that someone else will take over the remainder of your lease. If you know someone that would like to take over your lease, contact our finance center and they can help you set up a lease transfer.
What Happens if I Exceed My Mileage Allowance?
Most-if not all-leases include a mileage allowance. This is an agreement for a maximum number of miles you expect to drive each year of your lease. If you went over this mileage limit, then there may be a fee. This will be assessed when you return your vehicle. However, if you decide to purchase your vehicle, then these fees will likely be waived.
How Many Miles do I Have in My Lease?
Your lease agreement will tell you your mileage allowance. If you're not sure, you can contact your dealership and ask.
I'm at the End of My Lease and Don't Want to Return My Vehicle. What Options Do I Have?
If you love your vehicle, then you don't need to return it at the end of your lease. You always have the option to purchase it and drive it home to keep. Our finance center will help you determine the loan terms that fit your needs, so you can buy out your lease with a plan that works for you.
Discover More Answers to Your Lease Return Questions
While our lease return FAQs answered some of the questions we get most often from drivers around Auburn, Kent, and Federal, WA, you may have questions of your own. If you do, reach out to the team at Way Scarff Ford Auburn and we'll do our best to answer them for you.
Contact us with your lease return questions today!
