08.29.06
Things You Should Do When The Auto Lease Ends
Q: I have to turn in my auto lease within the next four weeks because the lease expires. I’ve always had the service work done at the dealership. What should I be aware of when I drop off the vehicle?
A: A consumer should be concerned about mileage and the condition of the vehicle. Make sure you speak to a representative before the lease expires. This will allow you to coordinate the drop date and time. It also will allow the company to have someone there to perform a condition report. It is extremely important to receive a copy of this report.
Never drop off the vehicle and leave without getting a copy. The report lists scratches, dents, dings, mileage and the condition of the exterior of the vehicle, from top to bottom. It should also evaluate the interior of the vehicle, making sure there is no ripped upholstery and so on.
Consumers need to keep in mind that once you drop off the vehicle, it is out of your sight and care. If you don’t have a condition report and something happens to it, you will end up paying to repair the damages and have no basis to dispute the charges. If you have time left on your lease, another option is to simply transfer your lease to someone else. The concept is to swap an auto lease, though not all leasing companies allow you to perform this, so check your lease agreement first.
Learn more on what you should know when you return your auto lease.