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How to Finish Compulsory Field Lease

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In theory, you should be able to return the leased vehicle to any dealership of the same brand. If you've moved or the dealership is no longer in business, you'll obviously have to choose another one. Call the used-car manager to set up an appointment for the lease return.
You can take your car to any dealer, not just the one where you arranged the lease, and let the dealer buy the car at the trade-in price. The dealer will pay the leasing company what you owe and give you a check for the equity.
Buying your leased car saves the leasing company shipping and auction fees. That's why, in some cases, they'll call and offer you a lower buyout price than what's in the contract. But Maloney says it often isn't a good deal since they'll likely offer the retail price, when you should aim to buy it for wholesale.
Don't schedule the appointment at your dealership. Repair damaged bumpers, broken windshields or bald tires. Don't sweat minor door dings, scratches and upholstery stains. Keep all the equipment. Make sure that your car gets scheduled maintenance. Think twice about wear-and-tear insurance.
At the dealership, the used car department will evaluate your leased car and assign a trade-in value. If the trade value is greater than the lease payoff amount, you have positive equity that can be applied to the purchase or lease of a new car. Any dealership will apply these values in the same manner.
Whether you can return your leased car to any dealership depends on the details in your lease contract. Some lessors require you to turn the vehicle in to the dealer you leased it from, while others are OK with you returning it to any dealership affiliated with the leasing company.
You can take your car to any dealer, not just the one where you arranged the lease, and let the dealer buy the car at the trade-in price. The dealer will pay the leasing company what you owe and give you a check for the equity. However, Whit mire cautions, don't expect the money immediately.
Don't schedule the appointment at your dealership. Repair damaged bumpers, broken windshields or bald tires. Don't sweat minor door dings, scratches and upholstery stains. Keep all the equipment. Make sure that your car gets scheduled maintenance. Think twice about wear-and-tear insurance.
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