Early Lease Return near Philadelphia MS
Have you recently moved to the city and no longer need your leased BMW? Have you been thinking of ending your lease earlier than planned? If you’ve been contemplating an early lease return near Philadelphia, MS, then our team at BMW of Meridian is here to help you along the way.
Below, we’ll go in depth about our early lease return policies, the options you have to end your lease, and how you should prepare your vehicle for return. If you have any questions along the way, feel free to reach out to our team. Let’s get started.
Can I Return My Lease Early?
Yes, although leasing agreements are not meant to be broken prior to the leased vehicle’s return date. Whether a life change or wanting to switch to another vehicle is causing you to reconsider the lease, we urge you to talk with your lessor for further details on early termination.
Ending your lease early will typically leave you with some penalty and termination fees to pay. However, if your lifestyle is flexible enough to cover this, all you have to do is pay the balance and return your leased BMW to our dealership.
How Can I End My Lease Early?
If you’re uncomfortable paying any fees for terminating your lease earlier than planned, you have a few options you can pursue to get out of your lease:
Find Someone to Take Over Your Lease
If you know someone interested in driving your vehicle for the remainder of its lease, you can hand over the payment responsibilities to them. If you’re interested in doing so and you’ve found a reliable and trustworthy person to take over your lease, please visit our finance center for further assistance.
Purchase the Vehicle
If you want to terminate your lease because you’ve decided to buy it, you can do so! In your leasing agreement, you should find the vehicle’s buyout or payoff price listed. If you need assistance navigating this document, our financiers are here to help.
Sell the Vehicle
After discussing early termination with your lessor, you can decide to sell the vehicle to another driver.
Trade In Your Vehicle for Another Vehicle
If you’d prefer to drive another BMW model, but you want to lease it, our dealership may be able to swap out your terminated lease this way. Please note, any termination penalties fees may be rolled into the new monthly payments.
How Should I Prepare My Vehicle for Return?
Whether you plan to return or sell your leased vehicle, you’re going to want to make it look fresh and clean. Some great ways to do that are:
- Wash and Detail: We recommend completely cleaning the interior and exterior of the vehicle. If you choose to, you can have it professionally detailed.
- Have it Serviced: Before trading or selling it, you should bring your lease up to its current maintenance needs. Also, we recommend checking the tires for wear and tear or potential replacement.
- Take Pictures: Whether returning or selling the lease, taking pictures is a great way to prove its condition and mileage.
Have Any More Questions About Early Lease Return?
Ending your lease early is a big deal. To learn more about our early lease termination procedure, visit BMW of Meridian near Philadelphia, Mississippi, today.