Lease Return Options

Lexus Lease Returns

As your lease term comes to an end, it's the perfect time to explore your next steps. Whether you're considering upgrading to a new Lexus, keeping your current vehicle, or returning your lease, Superstition Springs Lexus is here to ensure the process is smooth and hassle-free.

Option 1: Trade-In for a New Lexus

When your lease concludes, take advantage of the opportunity to step into the latest Lexus models. Trading in your leased vehicle makes transitioning to a brand-new car seamless.

Benefits of Leasing Again:

• Access to the Latest Models: Enjoy the cutting-edge features and technology Lexus offers.

• Reduced Maintenance Costs: Many leases include maintenance plans, reducing out-of-pocket expenses.

• Potentially Lower Monthly Payments: Depending on your eligibility and lease terms, your new lease payments could be similar to or even lower than your current ones.

Option 2: Purchase Your Leased Vehicle

If you've grown fond of your Lexus, purchasing it may be the right decision for you.

Key Considerations for a Buyout:

• Vehicle Condition: Assess wear, mileage, and any potential repair needs.

• Market Value: Compare the car's buyout price with its current market value to determine resale potential.

• Financial Impact: Review the total cost of ownership, including the buyout price, interest, and depreciation, to confirm it fits your budget.

Option 3: Return Your Lease

If you're ready to move on, returning your lease is a straightforward and easy process.

Pre-Return Inspection:

• Timing: Schedule an inspection a few weeks before your lease end date.

• Process: A representative will evaluate the vehicle for excess wear or damage.

• What to Expect: The inspection ensures your vehicle meets the terms of your lease agreement.

Finalizing the Return:

Be prepared to bring the following when returning your vehicle:

• Lease agreement

• Keys

• Owner's manual

• Maintenance records

• Any original accessories

Potential Charges to Keep in Mind:

• Mileage Overages: Fees may apply if you exceed your mileage allowance.

• Excess Wear and Tear: Additional charges may be assessed for damage beyond normal use.

• Disposition Fee: This fee covers the administrative costs of processing your lease return.

As your lease nears its end, take time to weigh your options. Upgrading to a new Lexus allows you to experience the latest features and continued leasing flexibility. If you love your current vehicle, purchasing it might be the ideal solution. Alternatively, if you're ready for a change, returning your lease is a simple and stress-free choice.

For more information about lease return options, contact us or visit the Lexus website.