Lease End Options | Lombard IL | Serving Naperville & Wheaton IL

What to Do When Your Lease Is Up

Is your lease coming to an end? If so, you may not have realized that you actually have a fair amount of options when it comes to your lease-end decisions. Naturally, you can return your vehicle at the end of your lease, but you also have the option of purchasing your vehicle outright.

Whatever your choice may be, you have a big decision in front of you. Below, we have taken the chance to outline the main options that are available to you as a lessee, as well as some of the potential scenarios that may influence one option over the other.

What Do I Do at the End of My Lease?

Return the Vehicle

After reviewing your options at Lombard Toyota, you may decide that returning your vehicle is the most practical decision for you. The only additional payments you may have to make involve any mileage you have accrued over your lease's maximum terms, in addition to any damages.

Keep Your Vehicle

If you have fallen in love with your vehicle over the term of your lease, and the thought of parting ways with it is no longer something you want to do, you can purchase it outright. This can be advantageous if the car has retained its value well. The only part you need to pay now is simply the part you have not paid yet.

Trade in the Vehicle

If you find that your vehicle is no longer suited for your lifestyle, you can trade in your vehicle for one that is a better fit. If that is the way you want to go, the deal would then work just like a standard finance deal. You would simply come to Lombard Toyota to review your options.

No matter what your situation may be, you have plenty to consider when your lease terms draw to an end. If you're interested in learning more about what your options are and how they can impact your opportunities in the future, feel free to contact us directly or stop by Lombard Toyota at 725 West Roosevelt Rd, Lombard, IL 60148. today. We look forward to serving our customers from Lombard, Naperville and Wheaton, IL.