What to do When Your Lease is up
All good things must come to an end, and that goes for your auto lease. Though leases have some major advantages over buying, they do have a major drawback: At some point, they come to an end, leaving you with a decision.
Many people who lease a car or truck decide to lease or buy another one once their lease is up. This is one choice you have. If you like the car you leased and don’t want to have to start over, you can buy your leased car. Your contract should include a residual value, which is what you owe if you want to buy the car. You also can simply walk away from the lease. Make sure your vehicle is in good shape and you haven’t gone over the mileage limit. We at Beyer Kia Falls Church can help you with your decision when your lease comes to an end.