Is Your Lease Up? Settle on Your Next Option

If you are leasing your vehicle, at some point you will have a decision to make. When you own a car, you can keep it as long as it will run. But with a lease, you have to do something once the lease term is up. With plenty of options available here at Lithia Chrysler Dodge Jeep Ram of Concord for once your lease is over, you don't have to worry about what comes next:

  • Buy the car. Almost all leases have a buyout clause. You will have a residual value set in your lease, which is what it will cost you to buy the car.
  • Turn it in. If your leased vehicle is in good shape and below the mileage requirement, you can turn it in and walk away with no further financial commitment.
  • Extend the lease. Your lease may have provisions to extend the contract in the short term.
  • Buy or lease another vehicle. If you turn in your car, you may need to buy or lease another one.

Come meet with our staff members in Concord to explore your end-of-lease options.

Categories: Video, News, Finance
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