Lease-End Options | Punta Gorda FL
Not sure what to do at the end of your lease? You should know that you have more options than just returning the vehicle. Consider our condensed guide to your leasing options, where you’ll find an explanation of what a lease is, the benefits of leasing and what your lease-end options are with us. Leasing may not be the best fit for everyone, so feel free to take advantage of this guide to decide whether leasing is right for you. Keep scrolling to learn more:
Many people aren’t aware. A lease gives you the benefit of driving a new Chrysler, Dodge, Jeep or RAM minus the responsibilities of ownership. You’ll make monthly payments for about two or three years, depending on your lease agreement, and will return your model once your contract is up. New models depreciate rapidly, so your monthly payments will even out the vehicle’s depreciation. Leases come with annual mileage limits, and range from 12,000-15,000 miles a year. If you want or need more mileage, we give our customers the option to add more at an additional charge.*
Monthly payments for your lease are often less than the monthly payments you’d make if you had purchased the vehicle; the down payment, too, should be lower. Plus, since your lease contract often mirrors the same duration as the new car warranty, you’ll lease the vehicle with major repairs and replacements covered. That means you’re responsible only for routine maintenance (like oil changes, alignments, tire rotations), and everything else will be covered under the manufacturer’s warranty for the length of the lease.
When you pick leasing over owning a vehicle, you’re opting for flexibility and convenience. Not only will you get to upgrade to a new vehicle every few years, but you won’t have to navigate the hassle of selling or trading your model in. The latest technology updates, innovations in safety and upgrades in comfortable materials can be yours, but without being tied down to owning a vehicle.
Your Lease-End Options
When your lease is up, you’ll have three options to choose from:
If you’ve been happy with your vehicle during your lease but you aren’t confident that you’d like to purchase it, it’s as easy as returning the model to our dealership and paying any applicable fees. Or, if you’d like to upgrade to the newest edition of the model you’ve had (or if you’re ready to try another model altogether), simply trade in your Chrysler, Dodge, Jeep or RAM for a different one. But if you’ve fallen in love with the vehicle you’ve had for years, you can offer to purchase your vehicle at the end of your lease.
For more information or to discuss your lease-end options further, contact us today or stop by our dealership at 2323 Tamiami Trl, Punta Gorda, FL 33950. And don’t forget to check out our current new car specials to see if you could get an exceptional lease offer on the vehicle you want. We look forward to serving our customers near Port Charlotte, North Port, Venice and Fort Myers.
*According to Edmunds.com. Please visit this link for more information.