End-of-Lease Options

Are you getting close to the end of your lease? If you're interested in becoming familiar with the various options that you have at your disposal, Garden City Jeep Chrysler Dodge Ram would like to offer you some assistance. We've been a family-owned auto group since 1957, and we're dedicated to providing our customers with the support they need.

The following information consists of end-of-lease options for our neighbors in Hempstead, Queens, Levittown, and Long Island, NY, to check out to determine which one fits in the best with their lifestyle. Continue reading to learn about what you can expect during this exciting process and to get closer to determining which one might be right for you.

Continue Leasing

This is what most lessees decide to do when their lease's term comes to an end. There are a lot of benefits that come with leasing on a regular basis. One such advantage would be the fact that it allows you to move on to a new set of wheels that provides you with access to the latest technology features, while you're making your way from Point A to Point B. Another reason to lease is that, because the car is new and under warranty, you're not likely to have a lot of maintenance issues during the relatively brief period of time that it's in your possession.

Purchase the Car

Have you grown to enjoy the car you've been leasing? If so, you can buy it for its residual value. It's even possible that what you'll be paying is less than its current book value.

Re-Lease the Same Vehicle

If you're not interested in buying the model you're currently leasing, but you don't want to say goodbye, you could re-lease it. Since this will be a used-car lease, it's likely that your new monthly payments will be noticeably lower.

Things to Remember When Returning Your Vehicle to the dealer

In the event that you decide to move on to a new model, there are a few things you'll want to keep in mind before turning in your current car. First, it's recommended that you bring it back to where you started the lease. Contact the dealership if you have moved and that is no longer possible. Chances are, you'll be able to take it to a spot near your current location.

Next, be sure to remove any personal items such as charging cords, clothing, mail, or jewelry that might still be in the cabin. You'll also want to cancel any automatic subscriptions or smartphone apps, so the payments are scheduled to stop by the time the lease is over.