Question: Do I Have To Return My Lease To The Same Dealership?

Can I return my leased Honda to any dealership?

If you have a lease from a captive lender – a manufacturer-specific financial company such as Ford Motor Credit or Honda Financial Services – you can return your leased car to any franchised dealership of that brand..

Can I return my leased Jeep to any dealership?

No, but if you can’t return your vehicle to your dealer, you can return it to any franchised dealership authorized to sell or lease your particular vehicle in the U.S. Call the dealer first to arrange an appointment to turn in your vehicle.

Is it worth buying car at end of lease?

If your lease buyout price is lower than the car’s market value, buying your leased car is like getting a discount on a good used car. … If the residual value is set too low, you can buy the car for less than it’s worth at lease end.

What happens when you return a leased car before lease ends?

According to DMV.org, penalties for terminating a car lease early include requiring you to pay some or all of the following: Remaining payments on your lease. An early termination fee. … Negative equity between your lease amount and the current value of your car.

Does returning a leased car affect your credit?

A single late payment can have a disastrous impact on your credit scores — costing you anywhere from 90 to 110 points. Fortunately, returning a leased car early doesn’t damage your credit unless you fail to pay the lender what you owe.

Can you dispute end of lease charges?

If the independent shops come back with a lower repair cost than the leasing company, you should fight the excessive wear and tear charges. If the leasing company doesn’t budge, you can contact your state’s attorney general’s office and consider hiring an attorney if the charges are extreme.

Can you turn in a lease with damage?

The short answer is yes; you can return a car with some wear and tear and damage, but not for free. … Just because you continue doing business with the same dealer doesn’t mean they’ll let you off the hook for damages and wear and tear. They will find a way to impose those charges on your new lease agreement.

Can you turn in a leased car to any dealership?

Options at the End of Your Lease Term If you want to return a leased car to a dealer you didn’t lease it from, that dealership must be affiliated – or have an agreement – with your leasing company. … When you lease from a captive lender, you’re free to return the leased vehicle to any franchised dealer of that brand.

How much does it cost to return a leased car early?

The leasing company is the one that owns the car so if you communicate through a dealer, you’re just adding a middleman that can potentially screw you over. The payoff amount will include an early termination fee of around $200 to $500 plus any remaining depreciation cost.

What happens when you return your leased car?

For starters, when you return a car at the end of a lease you’ll also have to pay what’s called a disposition fee, which is a flat fee you agreed to pay at the end of the lease when you originally signed your contract. … Your lessor may even waive fees for wear and tear if you agree to sign on to a new lease with them.

Do you get money back for unused miles on a lease?

Short answer: no. Long answer: while you sign a lease at a certain number of miles per year, and while the car company will undoubtedly charge you for going over, the contracts in this industry stipulate that there will be no reimbursement for unused mileage; it is a primarily time based contract.

When should I return my leased car?

If the dealer doesn’t reach out to you first, contact them three months before your lease expires and ask them about the turn-in process. If it’s no longer convenient to return your leased vehicle to the same dealership, you’re free to choose any other who works with your vehicle manufacturer.