What to Do at the End of Your Auto Lease

While it may feel like you just signed your car lease, it could be ending very soon. As such, you have a big decision to make. With many available lease offers, continuing with leasing could be your best bet, but you have a number of options for what to do when your lease ends.

Stick with the Same Vehicle

If you’re driving a GMC Sierra 1500 and you love this truck, there may not be any reason to change your situation. If you’re perfectly happy with the lease terms, all you will need to do is sign a new lease agreement.

Buy Your Vehicle

Maybe you love your truck so much that you never want to give it back to the dealership. If this is the case, consider purchasing it.

Depending on its value, you may have all of the money on hand to buy it outright. If not, you can finance the purchase by taking out a loan and then paying for it over time.

Try Something New

If you started leasing a vehicle a few years ago, it could be lacking some newer upgrades and features. This is why you might want to turn the older car in and start leasing a new model.

Try Something Different

Maybe you’re curious about another model? The beauty of leasing is that you get to drive a variety of vehicles.

If you’ve tried the subcompact SUV Buick Encore and are looking for something bigger, you can lease the midsize GMC Acadia.

Turn in the Vehicle

Your final option when your lease ends is to just return the car to the dealership. When the agreement expires, you are no longer financially obligated to it. When you do turn it in, it’s important to remember that if you exceeded the mileage limit, you would need to pay a fee.

If you’re looking to lease another vehicle or perhaps buy one, come down to Joseph Buick GMC near Fairfield. You can check out any new or pre-owned vehicle in stock and learn about our current offers.