Hyundai Lease Returns
As your lease term comes to a close, it's time to make some important choices. Whether you plan to upgrade to a new Hyundai, keep your current vehicle, or return your lease, we're here to help guide you through the process.
Option 1: Trade-in For a New Vehicle
When your lease term finishes, you can choose to upgrade to one of the latest Hyundai models. You can smoothly transition to a new car by trading in your leased vehicle.
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Benefits of Leasing Again:
- Access to the Latest Models: Drive the newest models with the latest technology and features.
- Reduced Maintenance Costs: Many leases include maintenance plans that minimize out-of-pocket costs.
- Potentially Lower Monthly Payments: Depending on the lease terms, your monthly payments for a new vehicle could be the same or even less than your current payments.
Option 2: Purchasing Your Lease Vehicle
Buying it outright is a great option if you've become attached to your leased vehicle.
Evaluating if a Buyout is Right for You:
- Vehicle Condition: Assess the wear and tear, mileage, and potential repair needs.
- Market Value: Look at the current market value of your car to gauge future resale opportunities.
- Financial Considerations: Weigh the buyout price against the total cost of ownership, including any interest or depreciation.
Option 3: Returning Your Lease
The process is straightforward if you're ready to return your leased vehicle.
Pre-Return Inspection:
- Timing: Schedule your inspection a few weeks before your lease expires.
- Process: A representative will check for wear, damage, and scratches.
- What to Expect: The inspector will evaluate the car's condition based on the lease terms.
Finalizing the Return and Possible Charges:
- When returning your vehicle, be sure to bring your lease agreement, all keys, the owner's manual, maintenance records, and any original accessories.
- Mileage Overages: You may incur fees if your mileage exceeds the lease limit.
- Excess Wear and Tear: Additional charges for damage beyond normal wear may apply.
- Disposition Fee: This covers the administrative cost of processing your returned vehicle.
As your lease draws to an end, take time to explore your options. Trading in offers the chance to drive a brand-new Hyundai, and buying it allows you to keep a car you love. Returning it is a convenient, no-hassle solution.
Contact us or visit the Hyundai website for more information on your lease return options.
