As your lease term comes to an end, it’s time to consider your next steps. Whether you’re thinking about upgrading to a new INFINITI, keeping your current vehicle, or simply returning your lease, INFINITI of Springfield is here to guide you through the process.
Option 1: Upgrade to a New Vehicle
When your lease expires, it’s the perfect opportunity to explore the latest INFINITI models. By trading in your leased vehicle, you can easily transition to a brand-new car.
Benefits of Leasing Again:
- Access to the Latest Models: Experience the newest INFINITI technology and features.
- Reduced Maintenance Costs: Many leases include maintenance plans, keeping expenses low.
- Potentially Lower Monthly Payments: Depending on your eligibility and terms, your new lease payments may be comparable to or lower than your current ones.
Option 2: Purchase Your Current Vehicle
If you’ve grown attached to your INFINITI, buying it outright could be the right choice.
How to Evaluate a Lease Buyout:
- Vehicle Condition: Assess wear, mileage, and potential repair needs.
- Market Value: Compare your vehicle’s market value to its buyout price.
- Financial Considerations: Calculate the total cost of ownership, including the buyout price, interest, and depreciation, to determine if purchasing makes sense.
Option 3: Return Your Lease
If you’re ready to move on, returning your leased vehicle is simple and hassle-free.
Steps to Prepare for a Lease Return:
Pre-Return Inspection:
- Timing: Schedule an inspection a few weeks before your lease ends.
- Process: A representative will check for excess wear, damage, and overall condition.
- What to Expect: The inspection ensures your vehicle meets the terms of your lease agreement.
Finalizing the Return:
When returning your vehicle, bring the following:
- Original lease agreement
- Keys
- Owner’s manual
- Maintenance records
- Any accessories included at the time of leasing
Potential Charges to Keep in Mind:
- Mileage Overages: Additional fees apply if you’ve exceeded the mileage limit.
- Excess Wear and Tear: Costs may be incurred for damages beyond normal wear.
- Disposition Fee: This administrative fee covers the lease return process.
As your lease winds down, take a moment to decide on the option that best suits your needs. Upgrading to a new INFINITI gives you access to the latest features and leasing benefits. If you love your current car, purchasing it could be the perfect solution. Or, if you’re ready to move on, returning your lease is a seamless process.
For more information about lease return options, contact us or visit the INFINITI website.
