If you want to avoid possible charges, make sure your maintenance is up to date! Ensure any service lights on your car are taken care of before bringing your vehicle in. You can leave the outside of your car as is, but please ensure that the inside has been cleaned as much as possible
Whether you are over or under your allotted mileage, make note.
All sets of keys, owner’s manuals, boot covers, etc need to come back with the vehicle being dropped off. If all of these items are not returned, we may need to deduct this amount from your lease return. This is to ensure the next driver has all the right equipment needed.
Check your vehicle for any additional damages that could cost you some money.
If your Jaguar auto lease is about to end, you have at least two options: return the car to the dealership where you got it and settle any remaining fees, or negotiate a car lease buyout. What is a lease buyout? If you’ve got questions, you’re not alone. Learn the lease buyout definition below, and contact us today if you’d like to learn more!
A car lease buyout is when a dealership allows you to purchase the car you’re leasing at or before the end of the lease term. There are two different kinds of car lease buyouts, and it’s essential to know your options. Compare the different types below to see which is the better option for you and your Rumson commute.
A lease-end buyout is the most common for Colts Neck drivers. The lease-end buyout means you pay the vehicle’s expected value at the end of the lease period. Typically, this price point is already agreed upon and stated in your lease agreement. This may be a good choice if:
One of the perks of a car lease buyout is knowing the condition and history of the car you’ve been leasing, unlike when you purchase a standard used vehicle.
An early lease buyout allows you to purchase your vehicle before the end of the lease term. Check your lease agreement because not all lease contracts permit this. Before you do an early lease buyout, make sure it’s worth the long-term investment to buy rather than lease. The price you’ll pay is determined by:
You might consider an early lease buyout if you’re worried about lease penalties for going over the allotted mileage, failing to perform scheduled maintenance for the car, or damages to the exterior or interior of your vehicle.
Now that you know the lease buyout definition, how does a lease buyout work? Jaguar Monmouth can help. If you want to own your vehicle and you believe a car lease buyout might be a good option for you, here are the steps:
If you’ve determined that a Jaguar lease buyout is right for you, let us know if we can help. Reach out to our finance team If you have any questions. We’re here for you, so don’t hesitate to contact us!