Lease Returns Options

Buick & GMC Lease Returns

As your lease contract nears its expiration, you'll have some important decisions to make. Whether you're looking to move into a new Buick or GMC, retain your current vehicle, or return your lease, we're here to assist you through the process.

Option 1: Trade-In for a New Vehicle

At the end of your lease, you can trade in your vehicle and move up to a newer model. This allows you to transition seamlessly into the latest Buick or GMC vehicles.

Advantages of Leasing Again:

• Always the Latest Models: Drive the most current technology and safety features.
• Lower Maintenance Costs: Most lease plans cover regular maintenance, keeping your expenses low.
• Potentially Lower Payments: You may benefit from lower monthly payments depending on your new lease terms.

Option 2: Buying Your Leased Vehicle

If you prefer to keep your leased vehicle, purchasing it may be the right choice.

How to Decide on a Buyout:

• Check Vehicle Condition: Assess your vehicle's condition, including any repairs or upkeep needed.
• Review Market Value: Investigate the vehicle's market price to compare against the buyout amount.
• Total Cost Consideration: Weigh the full cost of ownership, such as monthly payments, depreciation, and interest, compared to the purchase price.

Option 3: Lease Return

Returning it is a simple process if you're ready to part ways with your vehicle.

Before Returning:

• Pre-Inspection: Schedule a pre-return inspection a few weeks before your lease expires.
• Inspection Process: A representative will evaluate your vehicle for any damages or excess wear.
• What Happens Next: The inspection will confirm the vehicle's condition based on the lease agreement.

Return Process and Fees:

• Excess Mileage Charges: There may be additional charges if you exceed the agreed mileage.
• Wear and Tear Fees: Any significant damage could result in extra costs.
• Disposition Fee: This fee covers the administrative processing of your vehicle return.

As your lease draws to a close, think about what's next. Whether you're excited to lease again, keep your current ride, or simply return it, we're here to help you with the next steps.

For more details, feel free to contact us or find the Buick & GMC lease-end guides when you visit the GM website.