Lease Turn In

The end of a new car lease can be a real pain.  Most people don’t read their contract well enough to know what the leasing company expects at the end and how to handle it.  You have to be at or under on the alloted amount of miles on the car; if you do go over expect to pay 20 to 30 cents per mile.   There is an inspection of the car that will be done also.

Dealers  handle lease turn ins differently.  Some just take the keys and let the leasing company handle the inspection.  This includes contacting you, negotiating and billing on required repairs.  Other dealers will perform the inspection and let you know the results on the spot.

The leasing contract you signed states that you are responsible for damage that is above and beyond normal wear and tear, this is open to many interpretations and will be different between the individual leasing companies.

Minor nicks and scratches will usually be overlooked, but if there is any body damage they will charge you full retail to get it fixed.

Prepare Your Car To Turn In

Get any damage fixed on your car; you can get it done a lot cheaper than what the leasing company will charge you.

Look at the tires, worn tires that need to be replaced are also cheaper for you to do.  Although leasing companies vary on what they consider worn, contact them or look at your contract to find out.

Save Yourself Money

Take the steps to fix your car yourself and you can save hundreds of dollars  by not letting the leasing company charge you full retail prices.  If you do go over on mileage expect to pay 20 to 30 cents per mile.