Lease Return Options

Hyundai Lease Returns

With your lease term ending soon, it's time to consider your options. Whether you're looking to upgrade to a new Hyundai, keep your current vehicle, or return the lease, we're here to assist you every step of the way.

Option 1: Trade-in For a New Vehicle

At the end of your lease term, you have the option to upgrade to a new Hyundai. Trading in your leased vehicle allows you to transition to a newer model easily.

Benefits of Leasing Again:

• Access to the Latest Models: Experience Hyundai's latest lineup's newest technology and features.
• Reduced Maintenance Costs: Lease agreements often include maintenance, helping reduce out-of-pocket repair costs.
• Potentially Lower Monthly Payments: Depending on your lease terms, your monthly payments could remain the same or even decrease.

Option 2: Purchasing Your Lease Vehicle

If you've come to love your leased vehicle, purchasing it outright is always an option.

Evaluating if a Buyout is Right for You:

• Vehicle Condition: Consider any wear, tear, and potential repairs.
• Market Value: Compare the current market value of your vehicle for future resale potential.
• Financial Considerations: Analyze the buyout price and compare it to the overall cost of ownership, including interest and depreciation.

Option 3: Returning Your Lease

Returning your leased vehicle is simple if you're ready to move on.

Pre-Return Inspection:

• Timing: Book a pre-return inspection a few weeks before your lease ends.
• Process: We'll inspect for wear, tear, and any damage.
• What to Expect: We'll evaluate your vehicle based on the lease terms and conditions.

Finalizing the Return and Possible Charges:

• Bring your lease agreement, vehicle keys, owner's manual, and maintenance records when returning your vehicle.
• Mileage Overages: A per-mile fee may apply if you've exceeded the mileage limit.
• Excess Wear and Tear: You may be charged for any damage beyond normal wear.
• Disposition Fee: This fee covers administrative costs for processing the return.

As your lease concludes, weigh your options carefully. If you're interested in the latest models, trading in might be the best choice. A buyout is an excellent option if you want to keep your current vehicle. You can also simply return the lease without hassle.

Contact us or visit the Hyundai website for more details on your lease return options.