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If you're nearing the end of your lease, here are some tips to help avoid fees from the car dealership: Remove any personal items and wash the car, thoroughly. You want to give a great impression when you turn it back in to the dealer. It's best to present it in the best light possible upon return.
The vehicle is returned in a safe and roadworthy condition with the relevant keys, equipment and documentation. The vehicle doesn't have any personal items left in it such as CDs or sat Navy.
The value of your leased car by the end of the lease is actually laid out in your lease contract, it's called the residual value. You have to pay sales tax and DMV fees at the start of the lease and when you buy, so if you end up leasing to buy, you'll have to pay the same fees twice for the same car.
However, you may be able to transfer your lease, buy your car or trade it in for a new lease. Returning the vehicle before the lease expires is an option, but not a good one. You're still on the hook for all the remaining payments, plus substantial fees and penalties for early termination.
You're driving around with the leased car, so you should have it detailed regularly even before the return date. The car might not be yours legally, but since you're using it and benefiting from it, the least you can is to take good care of it.
Prepare yourself Two or three months before the end of the lease take a look around your vehicle and note any cosmetic deficiencies. Call your dealer to book an appointment a month before the lease is over.
Scratches and Curbed Wheels The rule of thumb on scratches is simple: If you can cover it up with a standard credit card, you probably won't be charged. There's a smaller threshold for curbed wheels, but automakers will still allow small amounts of damage before billing you.
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.
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