New Car News

Lease Returns, Early Lease Returns & Lease Termination

Are you looking for lease return options? What about early lease return options?  Dealerships offering all type of incentives and larger cash value for your trade in.  Can these offers be real? Can you really get more for your trade because of the current market? The truth is, because of current market conditions caused by the pandemic, global chip shortages and more, used cars are now worth more money to dealerships.  Many people ask, “why are used cars worth so much right now”?  It’s no secret that new vehicles are slowly trickling into dealerships, but demand has not subsided.  This creates a demand for cars that aren’t available.  With a shortage of available new vehicles, buyers are turning to used cars, trucks and SUVs.

Why are Lease Returns important?

Where do lease returns come into play with all of this.  When you return your lease to a dealership, it is then re-conditioned & placed for sale on the used car lot.  Lease returns tend to be great used cars. Most customers lease them for 36 months with a mileage allowance around 36,000 miles.  That can vary, depending on the terms of their lease contract.  With that, the dealership now has a like new car with light wear and tear for their lease return lot or used car lot.

After reading this article, you can get more information and find out if you qualify for a lease return, lease exchange or early lease termination at www.vehicleleasereturns.com (Lease Return, Lease Exchange, Early Lease Termination Website)

Do I have to return my lease to the same dealership?

So what if I have a Honda lease return, but I plan on purchasing a different brand of vehicle for my next lease or purchase?  That’s a great question that used to be very easy to answer, but the times have changed a bit.  If you would like to change out your lease for a different brand, it is possible and still quite simple for many brands.  A few brands are requiring customers to return the leased vehicle to the brand dealership of origin.

Honda and Acura are two examples of manufacturers requiring customers to return their lease to a like-branded dealership.  Ford is a great example of another manufacturer that made the news for adopting the process of requiring leased vehicles be returned to their dealerships.  The good news is that many brands will still allow you to return your lease vehicle to any dealership and change brands, if that’s the route you would like to take.

Early lease returns and terminations

What about early lease returns or pull ahead returns? This question comes up quite a bit.  Yes, you can return your lease early depending on a few variables.  A few things a lease return specialist may ask you are:

  • Are you over on your mileage agreed upon in the terms of your vehicle’s lease?
    (Many lease contracts allow 10 – 12k miles per year, but this can be increased or reduced as needed)
  • What is the condition of your vehicle? Is there any damage, or is there just normal wear and tear?
    (If a vehicle has more than normal wear and tear, it will effect the value when you turn it in.)
  • How is your payment history? Have you missed any payments on your loan?
    (If you have missed payments, you may owe more money than your vehicle is worth.)
  • How far along are you in your current lease and what were the original terms of the lease?
    (If you are only in year one of a three-year lease, you may be required to pay extra fees to get out of the current lease.)

A customer who stays under their mileage allowance, has properly maintained their vehicle and made all payments on time, will have a great chance to pull ahead on their vehicle lease.  You may even qualify for a bonus at www.vehicleleasereturns.com.  

Every situation is different when it comes to lease returns or early lease returns.  Many customers can take advantage of early lease termination and get into a new vehicle before they expected. In other situations, you may be over your mileage allowance but ahead on your payments, which would make it very possible to exchange your lease or terminate your lease.

What if I am looking to just return my lease?

What about lease returns?  If you are interested in doing a lease return and wonder how, where and what is needed to return a lease, a specialist from vehicleleasereturns.com can help. To return your lease, please go to the website listed above.  There you can contact a lease termination specialist about the possibility of getting a bonus cash incentive. The specialists can simply have your vehicle picked up and lease ended if you qualify.  Every situation is different, but the leasing experts will do their best to make your lease return, lease exchange or lease termination a pain-free and easy process.

If you have any questions or comments, please take a look at the FAQ page here or comment below.  We will do our best to answer them.  Please do not leave personal information in the comments.

 

This post was published on October 22, 2021

Dave Johnson

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