Lease End Options in Naperville, IL

The end of your leasing contract can be equal parts exciting and overwhelming, as you’ll be able to go down a few different paths once it’s over. If you’re unsure of how to navigate those waters or need some guidance regarding the stages that follow the end of this arrangement, this guide provided by us at Gerald Kia of Naperville for help!

Vehicle Buyout 

Because most leases last anywhere from two to four years on average, we wholeheartedly understand that you would feel a connection to the vehicle that you’ve traveled many miles as well as maintained throughout that period of time. If you would rather not say goodbye to the model you’ve bonded with, we suggest buying out your lease so that you’re able to call the car officially yours. When you go with this option, you’ll be paying for what the model’s expected depreciated worth is, which was highlighted in the original contract. Depending on a few factors, what you’ll be reimbursing can be less costly than beginning a new lease, which can be a net positive for many. Moreover, you also aren’t beholden to mileage limits, giving you free rein to explore Naperville.

Continue Leasing

If you found that leasing works for your particular lifestyle and would like to undergo it once again, you’re always welcome to trade in your current Kia model and start a new arrangement for a factory-fresh one instead. The representatives at our Finance Department would be happy to help with this, as they’ve worked with a number of individuals with varying situations and budgets when it pertains to reworking leasing stipulations. If you’ve relocated further away from your office site or have found yourself taking more Gartner Park as of late, you might want to consider raising your yearly mileage allowance. Or, for those who have seen an increase in their net income, you can mull over borrowing a higher-trimmed Kia Telluride.

End the Contract

After a lease contract has run its course, some may find that they are no longer in need of a vehicle to drive through 75th Street and beyond. In this scenario, you’re welcome to cancel the arrangement, turn in the keys, and walk away. However, so that your vehicle is best prepared for its next owner, we ask that you provide us with key fobs, service documentation, and Owner’s Manual upon surrender. Additionally, we also advise scheduling a lease inspection about two to three months prior before heading to our location to turn in the car. This extensive review is performed so we receive the model in ideal condition before it finds a new home. If you have questions around how to get this evaluation underway, reach out to us for assistance during our business hours!