Lease Returns at Bob Moore Auto Group
Return Your Lease at Bob Moore Auto Group
You may be wondering what will happen if you decide to return your leased vehicle instead of purchasing it. There are a few factors to keep in mind when considering a lease return. At Bob Moore Auto Group, we strive to make the leasing process easy and stress-free, even when it comes to returns. We have multiple convenient locations in and around Oklahoma City. Let’s go over a few of the details to consider when deciding to return a leased vehicle.
What Happens When You Terminate a Lease Early?
It is always recommended to refer to your lease when trying to make a decision considering your leased vehicle. When terminating a lease early, some leases allow you to transfer it to another person. You will no longer have the vehicle, but your name will remain on the contract, which can make you responsible for whatever happens to the vehicle.
Another option would be to purchase the vehicle before the lease ends. If you decide your leased vehicle is not the right one for you, you may be able to trade it in for a different vehicle. The outstanding fees will be transferred to the new lease which allows you to pay them over time instead of all at once.
What is Considered Normal Wear and Tear?
Our dealerships with Bob Moore Auto Group know that vehicles experience wear and tear even when handled with the utmost care. That is why we factor in normal wear and tear to the lease. It is important to check your specific lease to assess what damage is considered normal wear and tear, and what is considered excessive wear.
Usually, damage that is not considered normal wear and tear will include:
- Broken or cracked glass, including a cracked windshield
- Damaged or broken lenses or mirrors
- Broken or damaged automatic systems like the stereo or airbags
- Interior damage such as stains or tears
- Seat cushions with stains or damage
- Damaged or bent rims or wheels
- Stained paint or scratches longer than 3 inches
- Excessive dings or dents
It is important to stay in the know about your leased vehicle’s wear and tear because when you return it, the vehicle will undergo an inspection and you can be charged for excessive damage.
Other Tips for Returning a Lease
At Bob Moore Auto Group, we recommended planning ahead when deciding to return a lease. Making your decision months before your lease runs up allows you to gather all the information you need to make the return process fast and smooth. You do not want to wait until the last minute to schedule the inspection or to gather all the information you will need for it.
We also recommend checking your lease for details or contacting the finance department at your Bob Moore dealership to verify your information and to further prepare for your lease return.
Let us know how we can help you with your lease return at Bob Moore Auto Group.