Lease End Options near Pomeroy, OH

 

Leasing a car is a simple means to allow yourself to drive the most advanced Hyundai models without having to tie yourself to long-term payments. Now that your lease is coming to an end, you may find yourself wondering about the options available to you. Read on to learn about the lease-end options available to people near Pomeroy, OH, and then contact our Finance Department at Don Wood Hyundai to get more information about your decision.

The first option you have when ending your lease is to start a new one. You would simply turn in your keys, settle up with the dealership or financial institution you've been dealing with, and choose a new model to lease. You may find the next generation of Hyundai vehicles are calling to you, so you want to try out a new style. It's also possible that your personal needs have changed since the start of your last lease. Perhaps the size of your family is increasing, and a Hyundai SANTA FE has the space you need to hold them all more comfortably. Maybe your commute got longer and you want the Hyundai ELANTRA's fuel efficiency. Either way, locking into another lease is a fresh start for you, giving you a brand-new car to drive with the same terms and conditions you liked before. Also, this is a good time to talk with our financial experts about the lease's terms and conditions, especially those regarding mileage, to suit your needs. 

Another option you have at the end of your lease is to simply end it. In this case, you would turn in the car and fill out the required paperwork to put an end to the contract. The technicians at Don Wood Hyundai would check the car for any damage that the vehicle incurred from your journeys along State Route 733 and that you adhered to your service schedule. One that's finished, we'll help you on your way. It's that simple. Perhaps you might not want a car any longer or you may be moving to a new job where public transportation is inexpensive and plentiful. Whatever the reason, non-renewal is one of the paths you may take.

Sometimes you fall in love with a certain vehicle, and you're not ready to let it go. That's perfectly fine because the third option that you have is to buy the vehicle. Unless you're buying the car outright, you'll have to talk to the Finance Department about getting financing for the rest of the vehicle's value. The payments you've made during the lease count toward the cost of the car's depreciation, lowering the amount of money needed to finish paying it off. As a result, you will only need to pay the vehicle's remaining value to become its owner. At that point, you will be responsible for monthly installments until the it is paid off. Once you have fulfilled the obligation, the car is all yours. From then on, you can cruise along Union Avenue and ponder your next vehicle choice. Anyone who has questions about these options or would like more information should contact our experts at Don Wood Hyundai to learn more.