Land Rover End of Lease Options North Miami FL

The first option at the end of your Land Rover lease, trading it in for a new one, is also the most commonly used option. One of the main benefits of leasing a Land Rover is that it gives you the option to get a new car every two to three years. Therefore, at the end of your lease, you can shop for a new Land Rover, return your current one, and take home a new one, all on the same day. When your end-of-lease date is about 45 days away is when you should have decided whether or not you want to keep the vehicle. At this point, you should call to schedule a complimentary pre-inspection to ensure it meets the return requirements. Also, when preparing to turn in your leased vehicle, be sure to remove any personal items from the vehicle and that everything that came with the vehicle, including keys, owner’s manual, cargo covers, etc., are all still with the vehicle. When you bring in your current vehicle to return, you must also bring in a completed Odometer Statement form. To learn more about the lease return process, check out this checklist from Land Rover Financial.

If you’ve decided that you love your current Land Rover too much to turn in, you have the option to purchase the vehicle so that once it is paid off, you are the sole owner. This can be done at any time during the lease or as you near the end of the lease term. Start by contacting your Land Rover retailer to get a payoff quote to know the exact amount you’ll need to pay to buy the car. If you choose to do this all at once, you can mail a personal check or banker’s check along with the completed and signed Odometer Statement and security deposit release (if applicable). If you prefer to finance the remainder of your Land Rover’s cost, you can apply for financing and obtain it through Land Rover Financial. Only the lessees listed on the lease agreement are eligible to finance the purchase of the vehicle and it can not be transferred to a third party such as a friend or family member.

The last available option for when your lease ends is to extend the lease. For whatever reason, whether you want just a little more time to decide if you want to keep it or pick a new one or if you just need more time to choose your next Land Rover carefully, qualified lessees can extend your current lease for up to six months. To qualify for a six-month lease extension, you must be up-to-date on your lease payments and not subject to any repossession or bankruptcy proceedings. If you change your mind about the extension within the six months, you can turn it in at any time in that timeframe without incurring Early Termination penalties. Therefore, you do not have to wait until the new maturity date as you would without the extension. However, at the end of the six-month extension period, you must turn in the vehicle. Mileage for vehicles in an extended lease is prorated.

If your Land Rover lease term is coming to an end, contact us here at Land Rover North Dade to schedule a pre-inspection and turn-in. You can also direct any questions you have about the end-of-lease process, don’t hesitate to contact our expert financing team. If you’re interested in leasing a new Land Rover, browse the inventory here at Land Rover North Dade to find the perfect one for you. We’re confident that our inventory includes the Land Rover model that suits the needs of any driver. We hope to see you soon!