The Car Lease contract you signed has a termination clause in it. That will likely tell you what fees you must pay for early termination. Then tally the total amount of lease payments owed. Once you determine those figures, carefully inspect your car. Note every scrape, dent, scratch and stain. Don’t forget to check the tire condition and tread depth, too. What you may consider normal wear and tear might not pass muster when you return the car. Of course, check your mileage. If it’s on the low end, you could spend less to terminate the lease because the car will likely be worth more.
Yes, lease agreements are held by finance companies, not dealerships. Still, a dealership may allow you to lease another car if you roll the current fees and penalties from the current lease into your new one. Doing so will result in negative equity, just as if you rolled a loan for a car purchase into a new loan.
Some dealers and manufacturers offer new leases before a prior contract expires. These programs may benefit dealers and manufacturers in several ways. Perhaps the leased car you drive is popular, and the dealerships’ used-car manager wants more on the lot. Or perhaps an auto manufacturer wants to ensure a glut of frequently leased cars doesn’t hit the marketplace at the same time, so it creates such a program. If you’re tempted to explore such a program, analyze it carefully, just as you would if you chose to turn the car in early without such a program.
There are an array of sites that allow lease owners to “swap” cars. Such a deal is especially attractive to those who want short-term leases or those who enjoy frequently changing cars. Before you move ahead, check with the finance company and the dealership from which you leased. You want to ensure such a swap is allowed (it probably is) and what administrative costs you may need to pay. Remember that you may also pay a fee to the company that facilitates the swap. You will also want to double-check your obligation for the car after the lease. Some finance companies require the original leaseholder to maintain “post-lease liability.” When you do find a prospect to assume your lease, the finance company will most certainly want to check their credit and finances before allowing the swap. One other possible expense: If you have a car that is not popular or is available at low prices, you may need to offer a cash incentive to entice someone to “swap” your lease.
Fort Lauderdale’s Most Trusted Car Leasing Company
If you’re looking for car leasing in Fort Lauderdale or the Miami area, Signature Auto Group Florida is the place to be. As a leading leasing broker, we help customers with early lease exits, lease swaps, new leases, and everything in between. With two decades of experience in the New York area collected, our company is confidently expanding its expertise to the South Florida region.
Becoming the go-to company for early lease exits in Miami and Fort Lauderdale is no easy task, but with our commitment to customer service led by a motivated staff, our entry is already favored by most. Standing by you every step of the way, our company strives to guide you in the right direction. Whether buying, leasing, or selling, a dedicated team member is here to attend and impress.
Along with our excellent staff, Signature Auto Group Florida offers a diverse array of services, separating itself from other car dealers in South Florida.
Car Leasing Florida
Serving areas from Aventura to Boca Raton, our reach is vast. As such, our inventory is built to serve all types of clients. With an impressive list of available cars for lease in Miami, we have a special vehicle for everyone.
Leasing a car is beneficial for many consumers. It provides a way to save on costs while evading any long-term commitments. Drivers remain open to the possibility of new vehicles, always able to keep their driveways fresh.
With our extensive industry knowledge and decades-long relationships, we’ve been able to build one of the most desirable inventories around. With most makes and models available, our lot is the only place you need to visit for your next lease.
Contact Signature Auto Group Florida Today!
Signature Auto Group is the best destination for car leasing in the Fort Lauderdale and Miami area. We offer an extensive inventory made up of all makes and models, along with an experienced staff dedicated to making your next visit pleasant and straightforward.
We aim to provide as many avenues of communication as possible, allowing you to interact with our team in a manner that is most comfortable to you. Regardless of the question, feel free to email us directly at info@signatureautofl.com or use the built-in contact form. If you prefer a call instead, you can reach our team at (561) 709-2277.
You can also stop by our location to speak with us in person. We are located at 291 E Commercial Blvd, Fort Lauderdale, FL 33334.
Fort Lauderdale, Florida Car Leasing Return Center
If you have an car lease that is due to reach maturity, we at Signature Auto Group Florida can accept your lease return even if you did not lease it from us, all makes and models! Let us guide you through the process of turning in your current lease as well as provide all the information you need on leasing a new car.
If your lease is maturing soon, we suggest that a pre-inspection of your vehicle is conducted. This inspection will evaluate your vehicle’s condition using the Vehicle Condition Guidelines. After the inspection, we’ll provide you with a Vehicle Inspection Report, documenting your vehicle’s condition at that time. Save Big by returning your car with Signature Auto Group.
Fort Lauderdale, Florida Car Lease Transfer
A lease transfer works by allowing one driver to transfer their lease to another, who must qualify for credit approval with the finance company. A lease transfer is a simple process in which the name on a lease account is changed for the duration of the term. Other than the registered driver and the name on the lease, the remainder of the lease contract is unchanged. This includes mileage restrictions, wear-and-tear restrictions and the total length of the lease in months.
Fort Lauderdale Early Car Lease Buyout
Want to get out of your car lease early and into another car? Signature Auto Group Florida offers an early lease buyout program just for you. When you are leasing a vehicle, you can purchase your vehicle before the end of the lease contract. There are some instances when your car may be worth more on the market than your buyout price, and in this instance, you can actually make a profit!
