Facts and Factors about Returning Your Vehicle at the End of the Lease Term

If you've leased a vehicle, you may find yourself approaching the end of the lease term. If that is the case, you very likely have some questions about what happens at the end of the lease term. This particularly is the case if this is the first time that you've leased a vehicle.

Prepare for Lease Inspection

At the end of the lease term, you will face an inspection of the vehicle at the dealership. There are general categories that will be the focus of a lease end inspection:

  • Dents, scratches, scrapes, and dings on the exterior, including the body, bumpers, and wheels
  • Cracks, pits, or stars in the windshield and other windows
  • Abnormal or excessive tire wear
  • Stains or tears on the upholstery incapable of being cleaned, repaired, or rather simply refurbished

If you seek a final lease inspection earlier, you will have the chance to address some issues associated with the state of the vehicle. Remediating certain problems can be done in a cost-effective manner rather than facing a financial ding when you officially turn a leased car back to the dealership.

Request Lease Extension

If you've not yet made a decision regarding a replacement vehicle, you can request a lease extension at the dealership. Depending on the length of the existing lease term, you may find that a dealer may be flexible with granting some additional time on an existing lease.

If you have questions about leasing a vehicle or returning one at the end of a lease term, the friendly, professional team at Thousand Oaks Toyota are eager to assist you. Have a few lingering finance questions? Reach out to our finance team to get an overview or prospective finance options!

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