As a family-owned group since 1957, Volvo Cars of Huntington strives to make sure our fellow drivers who call Huntington, Glen Cove, Rockville Centre, and Long Island, New York, home receive the support they need when it comes to all things automotive.
It is for this reason that we have provided you with the following look at some of the most common end-of-lease options out there. If you're nearing the end of your lease's term and you haven't decided what to do next, read on.
Continue Leasing the Vehicle You're Driving Now
Let's say you've gotten used to the car you've been leasing and you're not ready to let it go. That's perfectly all right! A lot of drivers decide to re-lease after their term has come to an end. Something else to consider is that since you'll be starting a used car lease, it's possible that your new monthly payments will be quite a bit lower.
Buy the Car
Purchasing the vehicle for its residual value to make it your daily driver is definitely something you can make happen when the lease is over. There's even a chance that you'll pay less than its current book value.
Lease Another Vehicle
Did you have a great experience during your time with the car but are ready to see what else is out there? Returning the vehicle and leasing something new is what most lessees end up doing. The benefits of going this route include the fact that you'll have the ability to move on to a model that offers the latest technology features when it comes to entertainment, convenience, and safety.
Preparing to Return the Vehicle to the Dealer
If you're saying goodbye at the end of your lease, there are some things you'll want to keep in mind before bringing the car back. First, check the cabin for any of your personal belongings, like charger cords, jewelry, and mail, and clear everything out. Next, cancel any automatic subscriptions to make sure all payments stop on time. Finally, bring the up-to-date service book as well as all of the keys for the vehicle with you to the dealershi.
Choose the End-of-Lease Option That Works Best for You
Does one of these options stand out as a viable route for you to take, once your lease has come to an end? Are there questions that you would like to have answered by an experienced finance specialist? The team here at Volvo Cars of Huntington is fully equipped to provide you with the assistance you require. You can rely on us to answer all of your questions for you. We can help you get set up with the right end-of-lease option for your preferences and priorities.
If you call Rockville Centre, Huntington, Long Island, or Glen Cove, NY, home, contact us today to get everything underway. If you would like to take a few of our Volvo models for a spin while you're here, remember that test drives are available on all vehicles, both new and used.
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