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What to Do When Your Lease Is Up

If the end of your lease is fast approaching, then you may have been thinking about your plans for after the lease is over. You have a big decision ahead of you, like whether you'd like to buy or lease another vehicle. But, you may not know that you have more options than just simply returning your vehicle to us.

Whatever your decision might be, here at Chatham Parkway Toyota, we want you to be able to make the best and informed decision for you. Take a peek at the choices you actually have below.

What Do I Do at the End of My Lease?

Return the Vehicle

After going over your options at Chatham Parkway Toyota, you may determine that returning your vehicle is the best decision for you in the long run. The only additional payments you may have to make concerning any mileage you have accumulated over your lease's terms, in addition to any damages.

Keep Your Vehicle

If you have fallen in love with your vehicle over the term of your lease, and you really don't want to stop driving it, you can purchase it outright. This can be advantageous if the car has retained its value well. The only part you need to pay now is simply the part you have not paid yet.

Trade in the Vehicle

Is your vehicle not suited for your lifestyle anymore? You can trade it in for one that is a better fit. If that is the way you want to go, the deal would then work just like a standard finance deal. You would simply come to Chatham Parkway Toyota to review your options.

No matter what your situation may be, you have plenty to consider when your lease terms come to an end. If you're curious about learning more about what your options are and how they can impact you, feel free to contact us directly or stop by Chatham Parkway Toyota at 7 Park of Commerce Way, Savannah, GA 31405. We look forward to serving our customers from Brunswick, Hinesville and Hilton Head Island.