Lease Return Options

Hyundai Lease Returns

As your lease comes to an end, you'll have several important decisions to make. Whether you're interested in upgrading to a brand-new Hyundai, retaining your current vehicle, or returning the lease, we're here to assist you through every step of the process.

Option 1: Trade-in For a New Vehicle

When your lease expires, you can easily upgrade to one of the latest models. You'll enjoy a seamless transition into a new Hyundai by trading in your current leased vehicle.

Benefits of Leasing Again:

• Access to the Latest Models: Always be behind the wheel of the most advanced technology and features.
• Reduced Maintenance Costs: Lease contracts often come with maintenance plans, lowering out-of-pocket expenses.
• Potentially Lower Monthly Payments: Depending on factors like model and terms, your new lease payments may be similar to or even lower than your current payments.

Option 2: Purchasing Your Lease Vehicle

If you love your current vehicle and want to keep it, buying out the lease could be the right decision.

Evaluating if a Buyout is Right for You:

• Vehicle Condition: Examine your vehicle's wear and tear, mileage, and potential future repair costs.
• Market Value: Check your vehicle's current market value to estimate its future resale potential.
• Financial Considerations: Compare the buyout price with the long-term ownership costs, including monthly payments and depreciation.

Option 3: Returning Your Lease

Returning it is a simple process if it's time to part ways with your leased vehicle.

Pre-Return Inspection:

• Timing: Schedule an inspection a few weeks before your lease ends.
• Process: A representative will check for wear and tear, interior damage, and exterior scratches.
• What to Expect: The inspector will review the condition of your vehicle to ensure it complies with your lease agreement terms.

Finalizing the Return and Possible Charges:

• When returning your vehicle, bring your lease agreement, all keys, owner's manual, maintenance records, and accessories.
• Mileage Overages: There may be a per-mile fee if you exceed the mileage limit.
• Excess Wear and Tear: Any significant damage may lead to additional charges.
• Disposition Fee: This fee covers the administrative process of returning the vehicle.

As the end of your lease draws near, consider your options carefully. Trading in your vehicle allows you to drive the newest models, buying it out lets you keep a car you love, and returning it offers a hassle-free exit.

For more details about your lease return options, feel free to contact us or visit the Hyundai website.