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| Returning Leased Car - Return Lease Car - Return a Leased Car - Car Lease Return | ||
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The term, returning leased car, refers to the process of ending a car lease by turning the vehicle back to it's owner, the lease company, at the end of a lease term. Generally, the lease company provides instructions to the customer for returning the vehicle to a dealer, who then arranges to transport the car to the lease company, or another designated location, such as to an auto auction lot. The option of returning a leased car by a leasing customer is an alternative to purchasing the vehicle, which most lease contracts provide for. In general, it is best to return a leased car if its lease-end purchase price is higher than its current market value. Returning a leased car may mean paying a contract-specified disposition fee as well as any excessive mileage charges and damage charges. These will be be billed to the customer a few weeks after the vehicle's return. It is best for the customer to make any damage repairs before a vehicle is returned since the lease company's charges are very likely to be higher. If the customer needs to return his leased car before the end of his lease term, it is considered an early termination and can be expensive. The customer should consider all his options before making a decison about an early return. For more information, see: The Lease Guide
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