One option you may want to consider when your lease ends is whether you would like to buy the vehicle for yourself. We recommend you look through the conditions of your lease about 120 days before the return date. While it's good to familiarize yourself with your lease agreement, you will specifically want to look for your vehicle's residual or lease-end value if you are considering buying.
Return Your Leased Vehicle to Land Rover Troy
Discover an Easier Way to Return Your Leased Vehicle
Leasing is an excellent option for many drivers who are interested in keeping their costs to a minimum while enjoying the latest features. However, it's not always clear what to do when your lease comes to an end. Our finance team is here to help you explore your options so that you can effortlessly transition to your next vehicle without any hitches.
When you choose to return your leased vehicle with us, we can help you discover the option that suits your lifestyle and budget best. Returning your leased car doesn't have to be stressful when you choose us, and we offer resources that can save you time.
Buying Your Leased Vehicle
Buying your leased vehicle will help you avoid any end-of-term fees. If you want to continue driving your leased car, you will have the first opportunity to buy it when your lease ends. Some drivers find this is the right option for their driving needs and budget, but there are many other attractive options if you want to move onto another vehicle.
A Convenient Way to Return Your Leased Vehicle
We make it easy for drivers to return their leased vehicles at our location even if you didn't lease the vehicle with us. You can simply bring your car to our dealership, and we will work with the lender to complete the end-of-lease terms. By working with our finance team, we will have everything prepared for your end of term, and we can line up a new or used vehicle for you.
If you did lease the vehicle at our location, we often send helpful reminders so that you can prepare. With our vast selection of high-quality new and used cars, trucks, and SUVs, you can finalize your term and get behind the wheel of your next vehicle during the same visit.
When you return your leased vehicle to us, you can expect to arrive at our location, pay any applicable disposition or mileage fees, and choose your next vehicle. There is also the option of trading in your leased vehicle and applying that value to your next purchase.
We Can Buy Your Lease
If you're looking to get out of your lease before the end date, we provide options to help you move on to a new vehicle. Our finance team has experience buying leases from major lenders, providing a streamlined process. With our team buying your lease, you will be free to consider other options that suit your driving needs best.
We can take on the legwork of a clean break from your current lender. One option is to have our team pay off the remaining balance of your lease and buy the car from the lender. You can use the vehicle's wholesale value as a trade-in credit, and we will subtract the termination fees paid. We can apply the payoff value to your next purchase or lease if it rolls over your trade-in value.
There is also the option of us paying off the rest of your lease payments and returning the vehicle to the lender without a trade-in credit. You will be responsible for lease-end charges, including damages and excess mileage.
Get Started
You can learn more about your options and save time returning your leased vehicle by contacting our finance team today.
How Can We Help?
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Land Rover Troy
1815 Maplelawn Drive
Troy, MI 48084
- Sales: 947-447-2970