|
| Returning Leased Car - Return Lease Car - Return a Leased Car - Car Lease Return | ||
|
|
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. 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. For more information, see: The Lease Guide
Comments and questions should be directed
to
. |
Return to