Lease Returns

Lease Buy Out

After you’re done browsing through our selection of new vehicles, you often have the option to finance or lease your vehicle. There’s technically no wrong decision as financing or leasing can be a good fit depending on your specific Ostego lifestyle. When you opt to lease a vehicle, you’re essentially making payments on a ride in exchange for a vehicle that’s modern, new, and backed by a comprehensive warranty.

However, one major difference you’ll notice with a lease over a financed vehicle is that you’ll have to return the leased vehicle at the end of your leasing contract. Although lease return options can vary depending on your specific lease provider, many offer three different lease-end options. Not sure what your lease return choices are? Find out today with the experts from Betten Baker Allegan!


Lease Return Options

Many Gobles shoppers love vehicle leases because of their flexibility. It offers a great way to continuously upgrade to a new vehicle every few years without much hassle. Likewise, that flexibility means that you’re not stuck to pay an automotive loan for many years to come. However, if this is your first time leasing a vehicle, you may not be aware of the lease return options that you have. While we suggest you reach out to your lease provider, you can take a look below for some popular lease return options:


Terminate Lease

Terminate Lease

One great advantage to leasing is the ability to return your leased vehicle, no questions asked. When it’s time to begin your lease return, you often just have to complete a lease return form in addition to some additional paperwork and you can be on your way in no time. Keep in mind that to return or terminate your lease, there may be additional costs and fees.

Lease Buyout

Lease Buyout

If you thoroughly enjoy your leased vehicle and you want to own it for an indefinite amount of time, consider a lease buyout. With a lease buyout, you’re essentially paying the estimated value of your vehicle’s worth at the end of your leasing contract in exchange for ownership. That means you’ll have the ability to own your leased vehicle when you choose a lease buyout. If this is the lease return option you’d like to opt for, feel free to get in touch with our finance team.

Lease Extensions

Lease Extensions

On the other hand, if you aren’t quite ready to return your leased vehicle but you also don’t want to purchase it outright, a lease extension may be a good option. As the name suggests, a lease extension simply means extending your lease for a little bit longer. There are some nuances involved with lease extensions so it’s important to reach out to your lease provider if this is the lease return option you’re choosing.

Common FAQs Regarding Lease Returns

Lease-end options can sometimes be confusing, but it doesn’t have to be. Our experts are here for you throughout your automotive journey so that you can always make an informed decision. There’s no need to drive all around Fennville to have your questions answered when you can count on us for assistance. Here are some answers to common questions that we get asked regarding lease returns:

What Are My Lease-End Options?

As we mentioned, there are three main options you have to choose from when it’s time to end your lease. However, there’s also a fourth option that many drivers opt for – lease a new car. By leasing a new car at the end of every lease, you’ll have the opportunity to drive around town in the latest vehicle. Here’s a quick summary of your lease-end options:

  • Terminate your lease
  • Lease a new vehicle
  • Lease buyout
  • Lease extension

What Do I Need For a Lease Return?

  • Keys
  • Owner’s manual
  • Vehicle registration
  • Driver’s license
  • Vehicle inspection report
  • Lease agreement
  • Maintenance records
  • Repair receipts

Where Can I Return My Lease?

Technically, you can return your lease at most dealerships, even if the lease isn’t originally from there. At Betten Baker Allegan, we can help you return your leased vehicle, even if it wasn’t originally leased from us.

Betten Baker Allegan is Here to Help!

We’ve only just skimmed the surface on vehicle leases so if you have any further questions, you can always contact us online. We would also like to welcome you into our Allegan showroom if you’re in the area and it’s convenient for you to stop by. From lease returns to general lease research, Betten Baker Allegan is more than happy to help. We look forward to working with you!

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Betten Baker Allegan 42.51111, -85.82288.