Anyone driving a leased car knows that the situation will come to an end eventually. The important thing is to not wait until the last minute to decide what to do next. If your Mazda lease is expiring soon, Patrick Mazda goes over the options you will have.
Return the Vehicle
Once a lease ends, you are no longer financially tied to the vehicle. If you no longer need it, all you have to do is bring it back to the dealership. If there is any wear or tear that may be considered above normal, you should consider taking care of this ahead of time.
Extend the Lease
Many dealerships will let you extend your current lease. If you want to hold onto the car a little longer, you may be able to do it. Generally, a lease can be extended up to six months or a year.
Sign a New Lease
If you want to continue leasing a car but don’t want the same one, you have many options. You could go with a newer version of the one you were leasing, or you could choose a completely different model or body style. This is a great opportunity to explore the latest Mazda models.
Buy the Vehicle
Your final option when your lease expires is to go from lessee to owner. This involves starting the financing process in which you will apply for a loan. Once approved, you will start making monthly payments again, but this time the car will be yours. If you have some savings, you could also choose to buy the vehicle outright.
Explore MAZDA Lease Options in Auburn, MA
Now is the time to think about what you want to do with your car if your lease is ending. Get in touch with our Patrick Mazda in Auburn, MA if you need help proceeding. You can also come down to check out the latest models in stock and meet with our team in person. Contact us today to get started!
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