A vehicle lease will not last forever. Because of this, you need to prepare for the end of a lease well in advance. It’s best not to wait until the day the lease expires to begin researching what you want to do next. This could wind up leaving you without a car for a day or two, maybe longer. Follow these lease expiration tips provided by the team at Elkins Fordland.
90 Days from Expiration
When you are 90 days from the expiration of your lease, you need to start the research process of looking at new cars. You will have a couple of options with the current lease: extend the lease, purchase the vehicle, or trade the vehicle in and begin a new lease on a different vehicle. It’s best to begin this decision process well in advance of the end of your lease.
60 Days from Expiration
Start visiting the dealership to take test drives in vehicles that interest you. Make sure you narrow your list of vehicles down to a few. This will make the decision process much easier when the time comes to buy a new car. This is the best time to decide if you want to buy the vehicle you have been leasing or trade it in for something else.
30 Days from Expiration
Now is the time to make your final decision as to how you will proceed. Time is running short so if you are going to trade the lease in for a new leased vehicle you need to choose the new vehicle you want to drive off in from Elkins Fordland. Every situation will be different. Just make sure you make an informed decision.
Are you ready to test drive new vehicles for the end of your current lease? Stop by Elkins Fordland, conveniently located at 696 Beverly Pike.