What to Do at the End of Your Lease

When you look to get a new vehicle, one option that you will have is to lease it for a set period of time. However, when that lease term is over, you will have many different options of what to do at the end of the lease term. Our team at Ronnie Ward Toyota of Ruston is here to guide you in the right direction for your needs.

One option you will have is to return the car to the car company. When you do this, you will likely have to pay some form of vehicle disposition fee. You may also be required to provide the money necessary to fix any past due to repairs that have not been made. Another option you will have will be to buy the vehicle from the dealership. Your lease agreement will likely have a predetermined purchase price for this situation. However, in many situations, it actually makes more sense for you to try to negotiate a lower purchase price based on the market price of the vehicle.

If you're interested in learning more about what you can do after your current lease, be sure to plan a visit to see us at 1001 N Service Road today!

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