Get More from Your Lease's Finish with These Tips

You can find a vehicle for your own personal use by either buying it, financing it and paying installments over long periods, or lease it – effectively renting it, just like an apartment – for a set period of time. Leases are popular, for one reason, because they’re so flexible. Here are a few options you could be faced with when that last day of leasing rolls around:

Take the lessor up on offer to buy the vehicle. There’s typically built-in equity, or store credit, in a sense, that’s redeemable if and only if you buy the vehicle, right then and there. It could be a great deal, but you should only accept it if you can actually afford the purchase. You can lease the vehicle again for a few months, or for an extended period, like a full-fledged lease for round two. It’s always possible to simply return the vehicle at the lease’s end, too.

Contact our team at Milford Chrysler Jeep Dodge Ram ask for guidance in the way of lease-end planning. We don’t mind helping our local drivers!

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