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What to Do At the End of Your Lease - Lease End FAQs

2015 BMW Z4 Wilmington, DE
If the end of your lease is coming around, it’s time to make a decision on what to do but first, you’ll want to consider all of your options. You have a few choices, each depending on how you feel about the car and your financial situation. Weigh each of the following options and determine what to do at the end of your lease.
Return the Car

The most obvious choice, returning your car implies you’ll allow your contract to expire. You’ll return the car as planned. While you may have to pay for some damages and possible mileage penalties, those costs won’t empty your wallet. This is the easiest and most straightforward option.

Extend the Lease

If you’ve grown attached to your car but aren’t sure if you want to buy it, consider extending the lease. Your monthly payments will likely stay the same but you can’t extend the lease indefinitely.
Trade the Car In

Trading your current leased vehicle for an upgrade requires ending the lease as planned. Afterwards, you’d have to talk to the dealership about leasing a new model. The finance department can usually help you lease a new vehicle without issue.
Buy the Car

Once your lease is over, you have the option to buy the car for the car’s predetermined worth at the beginning of your lease. To accurately calculate the cost, contact our finance department.

For more on leases and options that best fit you and your lifestyle, give Union Park BMW a call today. Our very helpful and trained finance department is readily available to assist with whatever you need. Let us do that hard work for you! Lease with us today.


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Contact Information

1900 Pennsylvania Ave.
Wilmington, DE 19806
Phone: (302) 778-9917
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