What Are My Options at the End of a Kia Lease?

Is the end of your Kia lease approaching soon? You have decisions to make before it’s up and certain steps you’ll want to take to prepare. Kia Medford covers everything to consider when your lease ends.

How to Prepare

Before you can decide what you want to do at the end of your lease, you should do a little research. First, you need to determine your vehicle’s current market value. How does that align with its predetermined value that was estimated when you first leased your vehicle? You also need to check if you’ve exceeded your allotted mileage and have your vehicle inspected.

Returning Your Lease

One of the many perks of leasing a vehicle is the fact that you can simply return it at the end of your lease and avoid the traditional hassle of selling a vehicle. Your vehicle will need to be inspected, so it’s important to weigh your options. You will owe fees if you’ve gone over your mileage limit or have any damage that’s considered worse than normal wear and tear.

Buying Your Lease

If your lease has a buyout option, and you want to keep it, you can purchase it at the end of your lease. This is where the estimated market value comes in. If your car’s market value is lower than the buyout price, it isn’t necessarily the best decision to purchase it (unless you’re trying to avoid major fees).

Prepare for Your Kia Lease Return in Medford, OR

Before your lease ends, we encourage you to visit our dealership. We’re happy to inspect your vehicle and give you an estimate of its value to help you decide how to proceed. Stop by Kia Medford to get started today!