End of Lease Options

When your vehicle reaches its end of lease I'll bet you are unaware of all your options.  Because, until recently I was myself!

And some of those options can be not only convenient but even lucrative.  For instance, you could wind up with thousands of dollars to put down on your next lease.

Yes, you read that right.  Not always, but often when you return a leased vehicle there's equity in it.  And you are entitled to that equity.

But if you are unaware that the equity is there then some dealers will casually scoop it up in the transaction and say nothing to you about it.  Whoah!

So, in this iDriveSoCal Podcast, my friend Lewis Cook, General Manager from Martin Chevrolet enlightens us with those details plus more insider info.  Including, how to end your lease in the best possible position.

You'll find lots of great end of lease insight in this post no matter what.  Whether you're returning your vehicle at the end of your lease.  Or, if you're buying the vehicle at the end of your lease.  And especially if you're leasing another vehicle at the end of your lease,

Continue reading below or click play to hear the entire podcast.  This is guaranteed time well spent.  Because it's going to save you money.

Recorded @ Martin Chevrolet in Torrance, California

End Of Lease Process

Every manufacturer handles its lease return process a little differently.  And it changes.

But basically, here's the process at the end of your lease:

You receive a letter alerting you that the end of your lease is near.

In that letter, the manufacturer usually makes you a special offer to get you to lease another vehicle.

That letter will also instruct you to have your vehicle inspected.  (This one came as a surprise to me upon my first lease.)

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