How To Return A Car Lease: What Are My Lease-End Options?

Leasing a car is an excellent choice for many reasons, including the variety of options you have available to you once your lease comes to an end. Whether you're ready to say goodbye to your leased car, looking to upgrade, or something in between, there are a few things you need to be aware of before you make your decision.

Here's a list of your main lease-end options:

Return The Car

If you decide to return your vehicle and not purchase it, you must bring it back to the dealership where you leased it from. They will go over a checklist for any excess wear and tear, which could result in fees.

Buy It

You have the option to buy your vehicle if you want—and not just at lease-end! Most dealerships allow you to buy your car during your lease. So, if you're interested in buying your vehicle, make sure that's an option in your contract before signing off on anything.

Extend Your Lease

Contact your leasing office regarding your lease extension options if you'd like to hang on to your car for a little longer.

Take Advantage Of A Trade-In Leasing Option

If you have positive equity in your leased car, you may be able to use that trade-in value to purchase a new or used car or get a new lease.

You don't have to wait until your lease is up to explore or pursue these options. However, no matter which route you choose, there are a few more things you'll need to know when you're ready to return or end your Volkswagen lease.

Lease Return Process

Here are some things to be aware of as you prepare to go through the lease return process:

  • Take care of any repairs and maintenance you are responsible for.
  • Ensure all tools, accessories, and equipment listed in your lease agreement are accounted for and in the correct place.
  • Consider your end-of-lease options (off-lease car purchase, lease extension, new lease, standard lease return , etc.) and plan your next steps accordingly.

If you choose to do a simple return once your lease is up, you may encounter some additional fees if you're not careful.

Here are some common things that often get overlooked during the lease return process:

Mileage Overage Fees

Your lease agreement should include mileage parameters. If you add more than the outlined amount of mileage mentioned in your lease, you may rack up some overage fees when you return your lease.

Wear & Tear Charges

This can include exterior and interior dings, scratches, and other miscellaneous damage that may occur over your lease.

Modification Charges

The leaseholder might charge you if you modify your leased car, such as adding a tint, after-market equipment, or permanent accessories.

Maintenance & Repairs

To learn what maintenance & repairs you are responsible for throughout your lease, check out your lease agreement and make sure those items are taken care of before the lease end or trading in your Volkswagen car.

Excessively Low Or Empty Gas Tank

If you return your leased car with an empty or low gas tank, you may be charged an extra gas fee. Therefore, it's advised to have at least half a tank, if not more, when you turn in your car.

On behalf of all of us at AutoFair Volkswagen of Nashua in Merrimack, New Hampshire, we hope this helps answer some questions about returning a car lease and assists in deciding which lease-end option works best for your situation.

We're here to answer any questions you have about a lease you already have or a vehicle you are interested in leasing. AutoFair Volkswagen provides a vast selection of new and used Volkswagen cars and the know-how to get you into the best car for your lifestyle, budget, and aspirations. So, if you're interested in trading in your used Volkswagen or checking out the best deals on used car prices and leasing, give us a call, contact us online or stop by today!